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Welcome to the Snell & Wilmer Benefits Blog. We will be posting about current employee benefits and executive compensation topics and issues. We invite you to contact the authors with your thoughts or questions.Blog Contributors
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Electronic Self-Certification for Hardship Distributions is Not Sufficient
In its April 1, 2015 Employee Plans News, the IRS stated that defined contribution plan sponsors must maintain hardship distribution records and that plan sponsors cannot rely on electronic participant self-certification for hardship distributions. The IRS indicated that plan sponsors … Continue reading
Posted in Employee Benefits, Qualified Retirement Plans
| Tagged electronic self-certification, hardship, hardship approval, hardship distributions, IRS, qualified retirement plans
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