In addition to the recently relaxed rules on loans and hardship withdrawalsfor those impacted by Hurricane Sandy (IRS 2012-44), these rules are extended further. Some tax filing dates have been pushed back, and simplified procedures for loans and hardships between 10/26/12 and 2/1/13 are in place. Furthermore, immediate family members in other parts of the country can help their family in the affected areas under the same rules.
While plans are not required to liberlaize their rules, 401(k) and 403(b) plans make make loans or hardship distributions even if your current plan documents do not provide for loans. Supporting paperwork to “validate” the event ust be obtained as soon as possible.