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HARDSHIP WITHDRAWAL Client # Plan Name Prince RED International, LLC 401(k) P/S Plan Participant Name Participant SSN Participant Address City Participant Date of Birth Daytime Phone # () Email address
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A hardship withdrawal is a distribution from a retirement account made under certain circumstances that qualify as financial hardship.
Individuals who are facing financial hardship and meet specific criteria set by the retirement account provider.
To fill out a hardship withdrawal, individuals typically need to complete a specific form provided by the retirement account provider and provide documentation of the financial hardship.
The purpose of a hardship withdrawal is to provide individuals with access to funds in case of financial emergencies or hardships.
Information such as the amount withdrawn, reason for the hardship, and any taxes or penalties incurred must be reported on a hardship withdrawal form.
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