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Employee Benefits Services
When consistent quality and convenience matters

WithumSmith+Brown has significant experience in providing accounting and auditing services to established 401(k), 403(b), pension, profit sharing and health and welfare plans. We work extensively with clients affected by compliance with the Employee Retirement Income Security Act of 1974 ("ERISA"), Department of Labor regulations, SEC reporting requirements, and other such matters. WS+B's experience with these plans, and our relationships with a wide variety of custodians and third party administrators ("TPAs"), helps us to effectively resolve engagement issues in an efficient manner. This cost effective approach helps our clients maintain a position of strength through timely compliance.


WITHUM ERISA KNOWLEDGE CORNER

Understanding Hardship Distributions

Retirement plans are established by employers to provide a means for employees to save for their retirement. The IRS approves plans that meet certain guidelines, and these qualified plans provide tax incentives for employers and their participating employees. To achieve their designated purpose for retirement savings, retirement plans are designed to limit the circumstances for withdrawals.

Read more about Understanding Hardship Distributions




The information contained herein is not necessarily all inclusive, does not constitute legal or any other advice, and should not be relied upon without first consulting with appropriate qualified professionals for your plan’s individual facts and circumstances.

As a registered member of the American Institute of Certified Public Accountants (AICPA) Employee Benefit Plan Audit Quality Center, WS+B clients are confident that they are working with some of the most experienced and up-to-date professionals in the employee benefits arena.


Need more information regarding our audit or audit support services, an ERISA topic in one of our articles, or other topics regarding your employee benefit plan? Contact us to arrange a free consultation.

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