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401(k) Hardship Withdrawals for Medical Expenses
Benefits & Compensation
401(k) Hardship Withdrawals for Medical Expenses
Exchange ideas about health plans, retirement, work/life benefits, and employee assistance.
Is there a guideline as to how recent a statement of medical or dental costs due has to be to be approved substantiation for a hardship withdrawal. I have heard everything from 3 months to 1 year, but
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401(k) Hardship Withdrawals for Medical Expenses

posted at 8/29/2011 12:38 PM EDT
Posts: 2442
First: 2/12/2000
Last: 9/14/2011
You may wish to go back and look at the $$ being requested in all Hardship requests and see if the amounts are low enough that you could make a plan amendment to not have hardship withdrawals that are less than $XXXX.

If the amounts requested are the same as someone's annual cell phone or cable bill for example then this should not be their source for funds.
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