mal Posted February 4, 2005 Posted February 4, 2005 We recently came across a money purchase plan that offers both loans and hardship withdrawals. The process is identical to that used by a 401(k) plan. Is this legal? I thought these plans were not permitted to make in-service withdrawals.
wmyer Posted February 4, 2005 Posted February 4, 2005 Money purchase plans are able to offer loans. However, they shouldn't offer hardship withdrawals...is it a non-ERISA plan or something? W Myer
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now