Full Version: Limit on Elective Deferrals in Year Following Hardship
Does anybody know if this rule is still in effect? I seem to recall that it was abolished, but can't put my finger on it.
From the summary of IRS Notice 2002-4:
"The notice also provides that, beginning in 2002, for a plan that uses a safe harbor hardship provision, the amount of elective contributions that a participant is permitted to make in the year following a hardship distribution is no longer limited to the amount of elective contributions permitted under section 402(g) for that year minus the amount of the elective contributions made in the year of hardship."
"The notice also provides that, beginning in 2002, for a plan that uses a safe harbor hardship provision, the amount of elective contributions that a participant is permitted to make in the year following a hardship distribution is no longer limited to the amount of elective contributions permitted under section 402(g) for that year minus the amount of the elective contributions made in the year of hardship."
QUOTE (WDIK @ Nov 29 2005, 05:58 PM) 
From the summary of IRS Notice 2002-4:
"The notice also provides that, beginning in 2002, for a plan that uses a safe harbor hardship provision, the amount of elective contributions that a participant is permitted to make in the year following a hardship distribution is no longer limited to the amount of elective contributions permitted under section 402(g) for that year minus the amount of the elective contributions made in the year of hardship."
"The notice also provides that, beginning in 2002, for a plan that uses a safe harbor hardship provision, the amount of elective contributions that a participant is permitted to make in the year following a hardship distribution is no longer limited to the amount of elective contributions permitted under section 402(g) for that year minus the amount of the elective contributions made in the year of hardship."
THANK YOU....I just knew that this pesky rule was history!
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