In-Service Withdrawals

I know in-service withdrawals of deferrals may not be made prior to age 59 1/2, but is there any requirement that they must be allowed after age 59 1/2? 

We have a PS 401(k) plan that allows in-service withdrawals from all accounts only after NRA - NRA being age 65 and 5 years of eligibility service.  So I was wondering if participants would have to wait until NRA or if there was a rule regarding deferrals that would supersede that.

Plans can be as restrictive as they want in terms of limiting distributions up to the later of NRA or separation from service, but few are that restrictive.

4 hours ago, Cynchbeast said:

I know in-service withdrawals of deferrals may not be made prior to age 59 1/2, but is there any requirement that they must be allowed after age 59 1/2? 

We have a PS 401(k) plan that allows in-service withdrawals from all accounts only after NRA - NRA being age 65 and 5 years of eligibility service.  So I was wondering if participants would have to wait until NRA or if there was a rule regarding deferrals that would supersede that.

Yes, there is no REQUIREMENT that in-service withdrawals ever be offered.  It is an option for the plan design.