Are You Properly Documenting Hardship Distributions and Plan Loans?

In a recent IRS newsletter (Issue No. 2015-4, April 1, 2015) the IRS reiterated the requirement that qualified retirement plan sponsors must retain documentation for hardship distributions and certain plan loans (in either paper or electronic format). The IRS specifically notes that using self-certification as the exclusive means of documentation is not sufficient.  

For further details, please see the link to Multnomah Group’s whitepaper Plan Sponsor Guidance -Properly Documenting Plan Loans and Hardship Distributions.”. Please contact our consultants with any questions about how this requirement may affect your retirement plan.


Multnomah Group is a registered investment adviser, registered with the Securities and Exchange Commission. Any information contained herein or on Multnomah Group’s website is provided for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.   Investments involve risk and, unless otherwise stated, are not guaranteed.  Multnomah Group does not provide legal or tax advice.  Any views expressed herein are those of the author(s) and not necessarily those of Multnomah Group or Multnomah Group’s clients.

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