Internal Revenue Service September 23, 2019 – Federal Register Recent Federal Regulation Documents

Hardship Distributions of Elective Contributions, Qualified Matching Contributions, Qualified Nonelective Contributions, and Earnings
Document Number: 2019-20511
Type: Rule
Date: 2019-09-23
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations that amend the rules relating to hardship distributions from section 401(k) plans. The final regulations reflect statutory changes affecting section 401(k) plans, including changes made by the Bipartisan Budget Act of 2018. The regulations affect participants in, beneficiaries of, employers maintaining, and administrators of plans that include cash or deferred arrangements or provide for employee or matching contributions.