Martha Mohs Authors Article in Benefits Magazine on Hardship Distributions

Martha Mohs authored the article "Take the 'Hard' Out of Hardship Distributions with a Substantiation Policy" for the November/December 2024 issue of Benefits Magazine, where she highlights recent legislative changes that facilitate access to hardship distributions from defined contribution retirement plans, and emphasizes the need for a substantiation policy to help plan sponsors manage risks while addressing participants' financial needs. Mohs also provides guidelines for implementing these policies amid rising hardship distribution requests, urging careful navigation of these challenges.

Mohs is a shareholder in Reinhart’s Employee Benefits Practice, where she counsels Taft-Hartley, corporate and government clients navigating the complex regulations and moving targets often associated with managing qualified retirement plans. She assists her clients in all areas impacting qualified retirement plans, including plan design and strategy, plan investments, prohibited transactions, service provider arrangements, mergers and acquisitions and benefit claims.