In-Service Distributions

[Jilliandiz]

401(k) Plan allows for in-service distributions after Age 59 1/2. Participants is 62 and would like an in-service distribution, the plan allows for it. Is he allowed to take his entire vested account balance when he requests the In-Service?

Are there any general rules/restrictions for In-Service Distributions? The plan does not mention anything besides having be 59 1/2, and they are allowed to take distribution from all fully vested sources.

Thanks

[rcline46]

They can take it all unless the document specifically states otherwise, like your 100% vested account limit.

[Alf]

No limit. The stated age will satisfy the rules for non-401(k) money as well. Just don't forget about the mandatory 20% withholding.