HARDSHIP WITHDRAWAL APPROVAL SERVICEHardship Withdrawal Approval Service • August 19th, 2011
If elected in the Services Agreement, the following Hardship Withdrawal Approval Services Agreement (“Agreement”) sets forth the procedures for the administration and distribution of hardship withdrawals, and is established by the Plan Sponsor as “Administrator” (as defined in Section 3(16)(A) of the Employee Retirement Income Security Act of 1974, as amended “ERISA”) of the Plan(s). At the direction of the Plan Sponsor, this Agreement for Hardship Withdrawal Approval Service will be followed and applied by Massachusetts Mutual Life Insurance Company (“MassMutual”) in making hardship distributions from the Participant’s Account (as defined in the Plan Document). This Agreement is adopted for the purpose of compliance with Treasury Regulation Section 1.401(k)-1(d)(3) of the Internal Revenue Code of 1986, as amended (the “Code”). For purposes of this Agreement, capitalized words will have the same definition as in the Plan, unless otherwise defined in this Procedure.
