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Full Version: Hardship Withdrawal-reinstatement of deferral 6 mths later
BenefitsLink Message Boards > Retirement Plans > Distributions and Loans, Other than QDROs
Julie Woulfe
Once a participant takes a hardship withdrawal, should his salary deferral start back up automatically after 6 months, or should the participant be contacted to complete another election form? Is there any problem/issue with the administrator starting the deferral back up automatically?
Kirk Maldonado
Does your plan document address this issue?
Bird
If the document doesn't say anything, then unless the participant has changed his election, deferrals should re-start when they are no longer prohibited; i.e. you are simply following the participant's election.
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