Sec. 1504. Modification of rules relating to hardship withdrawals from cash or deferred arrangements
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Section 401(k) is amended by adding at the end the following: For purposes of paragraph (2)(B)(i)(IV)— The following amounts may be distributed upon hardship of the employee: Contributions to a profit-sharing or stock bonus plan to which section 402(e)(3) applies. Qualified nonelective contributions (as defined in subsection (m)(4)(C)). Qualified matching contributions described in paragraph (3)(D)(ii)(I). Earnings on any contributions described in clause (i), (ii), or (iii).
A distribution shall not be treated as failing to be made upon the hardship of an employee solely because the employee does not take any available loan under the plan.". . Section 401(k)(2)(B)(i)(IV) is amended to read as follows: subject to the provisions of paragraph (14), upon hardship of the employee, or". . The amendments made by this section shall apply to plan years beginning after December 31, 2017.