JULY NEWSLETTER
Randall + Hurley July Newsletter [iframe src="https://eepurl.com/b-QuTT" width="100%" height="800"]
RESOURCE SPOTLIGHT: PLAN DOCUMENTS & PARTICIPANT FORMS
Plan documents and participant forms Downloading important plan documents and participant forms has never been easier. In most cases, you can access these documents from our website using the attached instructions. You may want to keep a copy of these instructions with your HR Policies and Procedures manual.
WHAT YOU NEED TO KNOW WHEN IT COMES TO HARDSHIP DISTRIBUTIONS
Approving Hardship Distributions If your plan allows participants to receive hardship distributions or loans for hardship purposes, the plan sponsor must (1) ensure the participant satisfies the requirements of a hardship distribution and (2) obtain documentation to support that claim. The plan document sets forth specific criteria used to determine a hardship, such as medical [...]
