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Stay compliant on 401(k) hardship withdrawals
By Rich WhiteIt appears the DOL and IRS may be cracking down on plans that do not follow strict requirements for authorizing permitted hardship withdrawals.
With 401(k) litigation increasing, plan advisors and plan sponsors need to know the latest laws as well as strategies attorneys are using to sue employers and advisors. BenefitsPRO's legal coverage includes news, analysis and updates on cases.
It appears the DOL and IRS may be cracking down on plans that do not follow strict requirements for authorizing permitted hardship withdrawals.