in-service non hardship distributions

[thepensionmaven]

I'm seeing conflicting information on these:

are in -service non-hardship distributions allowed in a profit sharing plan?

in a 401(K) plan?

Thanks,

Steve

[Guest Pensions in Paradise]

Yes, subject to certain restrictions. For example, 401k deferrals may only be withdrawn after age 59-1/2.

Also, plans are not required to allow for in-service withdrawals.

[thepensionmaven]

Yes, subject to certain restrictions. For example, 401k deferrals may only be withdrawn after age 59-1/2.

Also, plans are not required to allow for in-service withdrawals.

Thanks, I assume safe harbor non-elective employer contributions treated the same as 401(K) contributions, ie the participant has to be over age 59 1/2?

[JanetM]

Depends on what the plan says. SHNE may not be eligible at 59.5.