Jump to content

In-service withdrawal at Age 50 question


Recommended Posts

Can you offer in-service withdrawals at age 50 of Profit Sharing money?  Does it HAVE to have a seasoning component?  I seem to remember a 2-year rule.  Or is it if you have a seasoning rule, it cannot be less than 2?

QKA, QPA, CPC, ERPA

Two wrongs don't make a right, but three rights make a left.

Link to comment
Share on other sites

42 minutes ago, BG5150 said:

What if no one has reached 50 year?  Can we remove that feature without worrying about anti-cutback rules.

You can't remove it for benefits already accrued.  Optional forms of benefit are 411(d)(6) protected benefits. 1.411(d)-4 Q&A 1.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...