home demolished by hurricaneIn the wake of Hurricane Maria and the October 2017 wildfires thataffected much of California, the IRS issued guidance on the impactthese disasters could have on employers, and the relief beinggranted.

When natural disasters or other personal emergencies strike,employees may seek financial relief by tapping into theirretirement plans. Enter the hardship distribution.

Hardship distributions, when permitted by the Plan document,allow employees to withdraw from their retirement account as longas they can provide proof of financial hardship.

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