ewhitmore
Sep 14 2010, 01:03 PM
If a plan allows for hardships to be taken from other sources in addition to salary deferral (eg, match), do deferrals still need to cease for 6 months?
masteff
Sep 14 2010, 01:14 PM
I used to work w/ a plan that did this. Depends on:
1) What does the plan say? If it says all distributions under this paragraph get a suspension then you suspend.
2) What is your plan's source heirarchy? Does it provide for other sources to come out first? Then the answer is only if the w/drwl in question is big enough dips into deferals. If you're not taking deferrals then what you really have is a restricted in-service w/drwl.