Archive by tag: employer funded accountsReturn

Hardship Distributions from 401(k) Plans

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It's four o'clock on Friday afternoon and there's a knock on the door of the Human Resource Manager's office. It's Zachary, a fairly new employee who entered the company's 401(k) plan last month. He's been deferring $40 a week into the plan, which means he has accumulated $160 by now.
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| Categories: Articles | Tags: plan loan, hardship distribution, participant, employee deferral accounts, employer funded accounts, documents, 401(k), IRS, QMAC, QNEC, safe harbor



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