Conditions and Required Documentation for Hardship Withdrawal from Employee Contributions to Defined Contribution Plan

You must provide a completed Washington and Lee University Defined Contribution Plan Employee Certificate and the following applicable supporting documents when you request a hardship withdrawal. If married, you must provide your spouse's written consent to this distribution.

If your request is based on:

  1. Medical expenses for you, your primary beneficiary under this plan, your spouse, or your dependent, you must provide a medical or hospital bill (if after services have been rendered) or a letter from a doctor and/or hospital indicating the proposed cost (if prior to services being rendered). ALSO, if the medical expense is your primary beneficiary's, spouse's or dependent's expense and the University has no record of that person in our files, you must provide an official document (such as a marriage certificate or tax return) evidencing the beneficiary status, marriage or dependency of the child.
  2. Purchase (excluding mortgage payments) of your personal residence, you must provide a copy of the purchase contract signed by the seller or you and the seller and a good faith estimate of the settlement costs.
  3. Payment of college tuition and/or related educational expenses and room and board (not including books) for next year for you, your primary beneficiary under this plan, your spouse, child, or other dependent, you must provide a bill for tuition and/or the related educational expenses and room and board, or a letter from a college official stating what will be owed for these items exclusive of financial aid for the next year or part thereof. ALSO, if the tuition or related educational expenses are your primary beneficiary's spouse's or your dependent's and the University has no record of that person in our files, you must provide an official document (such as a marriage certificate or tax return) evidencing the beneficiary status, marriage or dependency.
  4. Payments to avoid eviction from or a mortgage foreclosure on your principal residence, you must provide a letter or court papers threatening eviction or foreclosure, declaring a default in rent or mortgage payment, or other document indicating a payment is in arrears.
  5. Payment for burial expenses of your parent, primary beneficiary under this plan, spouse, child, or other dependent, you must provide a death certificate and invoice for burial expenses.
  6. Payment of expenses to repair damage to your principal residence, you must provide an official insurance estimate or claim.