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Spousal Consent-Hardship
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BTH
May 15 2008, 11:38 AM
Profit Sharing Plan that has J&S provisions, so requires spousal consent on distributions over $5,000.
Active participant is requesting a Hardship Distribution and has a balance of less than $5,000. Is spousal consent required?
Thanks.
J Simmons
May 15 2008, 03:34 PM
Not if the hardship withdrawal is taken at a time when, as you explained, the vested benefits total $5,000 or less.
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