Julie Woulfe
Feb 4 2005, 08:48 AM
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
Feb 4 2005, 06:06 PM
Does your plan document address this issue?
Bird
Feb 5 2005, 03:21 PM
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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