The reason I never hired an employee is because I was an employee once too. I had co-workers, many of who I couldn\u2019t trust (I did work for a couple of law firms).<\/p>\n
As far as plan sponsors relying on certifications for hardship distributions, that\u2019s not something I\u2019d go for as a plan sponsor. I\u2019d still want to vet any hardship distributions. Otherwise, I fear that certifying is nothing more than a pinky promise that you abide by the rules, which is a hard pass for me since every issue for a participant will become a hardship.<\/p>\n
The rules are the rules to me, I like enforcing them. If my liability is dependent on the plan, I want to make sure any hardship distribution request is on the up and up, especially the slim chance that the Internal Revenue Service will audit the plan and hardship distributions.<\/p>\n
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