IRS Clarifies Remedial Amendment Period for Compliance With Final Hardship Withdrawal Regulations – But Operational Changes Still Required by January 1, 2020
Introduction As we previously reported here, the Bipartisan Budget Act of 2018 and the Tax Cuts and Jobs Act of 2017 made several changes to the hardship withdrawal rules for 401(k) and 403(b) plans. Two years in the making, the IRS issued final regulations on September 23, 2019 to implement these changes. Many of the […]