News

November 30, 2018 News

CLIENT ALERT: IRS Proposes New Hardship Distribution Rules for 401(k) and 403(b) Plans

November 30, 2018 – The Internal Revenue Service released proposed new regulations governing hardship distributions from 401(k) and 403(b) plans, reflecting various changes made by recent federal legislation. The attached Client Alert reviews the key changes in these proposed regulations and takeaways for sponsors of 401(k) and 403(b) plans that permit hardship distributions.

PDF of Client Alert: CLIENT ALERT: IRS Proposes New Hardship Distribution Rules for 401(k) and 403(b) Plans