Safe Harbor Match Contribution Source

[KevinMc]

Is safe harbor match money eligible for age 59 1/2 in service distribution if plan document allows such distributions in a 401-k plan?  

[BG5150]

Yes.  The generally have the same withdrawal restrictions as deferrals.

[Tom Poje]

see the note on the blurb from the FT William document. (I assume other documents have similar logic somewhere)

a.     In-service withdrawals are allowed on attainment of age 59-1/2 (Section 8.02):

i.      [  ]  None

ii.    [ X ]  All Accounts

iii.   [  ]  Selected Accounts

b.     If Selected Accounts is selected, specified age withdrawals may be made from the following Accounts:

i.      [  ]  Elective Deferral Account

ii.    [  ]  Matching Account

iii.   [  ]  Profit Sharing Contribution Account

iv.    [  ]  Qualified Non-Elective Contribution Account

v.     [  ]  Voluntary Contribution Account

vi.    [  ]  Rollover Contribution Account

vii.   [  ]  Transfer Account

viii. [  ]  Other:           

c.     If a Participant may receive a withdrawal upon the attainment of a specified age from his Elective Deferral Account, permit such withdrawals from the Participant's Roth Elective Deferral Account subject to the same terms and conditions as apply to the Participant's Elective Deferral Account:

i.      [  ]  Yes

ii.    [  ]  Yes - only if the withdrawal from the Roth Elective Deferral Account qualifies as a "qualified distribution" within the meaning of Code section 402A(d)(2)

iii.   [  ]  No

NOTE: If G.5a is less than age 59-1/2, Elective Deferrals, Qualified Non-Elective Contributions, Qualified Matching Contributions and the portion of any Account that has been used to satisfy the safe harbor requirements of Code sections 401(k)(12) or 401(k)(13) and/or 401(m)(11) or 401(m)(12) shall not be eligible for withdrawal until the Participant attains age 59-1/2; but only to the extent withdrawals are permitted from such Accounts pursuant to G.5a and G.5b.