FAU Retirement Plans
For example, if an employee’s account is valued at $50,000 and the participant has contributed a total of $40,000 in elective deferrals, the maximum hardship distribution is $30,000. Amounts attributable to any Qualified Nonelective Contributions (QNECs), Qualified Matching Contributions (QMACs) or safe harbor 401(k) contributions are not ... ................
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