hardship withdrawal การใช้

• Would this be considered a loan or a hardship withdrawal?
• Even with a hardship withdrawal, however, you'll still have to pay a 10 percent penalty.
• He said the firm's computers could handle loans and other requests, except for a hardship withdrawal, which requires confirmation from the employer.
• Unless the money is needed for an emergency, in which case the employee should ask if he qualifies for a penalty-free hardship withdrawal, the money is best used only as a last resort.
• Stephen Pearlman, 41, another former Enron executive who was laid off from the broadband unit in November, said he requested a hardship withdrawal from the plan on Nov . 20, after his wife was diagnosed with breast cancer.
• There are other administrative requirements within the safe harbor, such as requiring the employer to notify all eligible employees of the opportunity to participate in the plan, and restricting the employer from suspending participants for any reason other than due to a hardship withdrawal.