In-service distribution in Profit Sharing Plan

[Guest DCquestioner]

DC newbie question.....

In a profit sharing plan permits in-service distributions provided that the "Plan Administrator has allocated the contributinos to be distributed, for a period of not less than 2 Plan Years before the distribution date."

How is the amount eligible to be distributed calculated? Is it accumulated contributions only? Is it accumulated contributions +/- earnings? Is it the account balance 2 years prior to the date of distribution?

Thanks!

[J Simmons]

Treas Reg § 1.401-1(b)(1)(ii) uses the term 'funds accumulated'.

Rev Rul 71-295 talks in terms of 'portion of employer contributions' as what may be withdrawn.