"For a defined contribution plan, such as a 401(k) or 403(b), an in-service distribution at 59½ is a fairly straightforward process. However, in a defined benefit plan, such as a pension, an age 59½ in-service lump sum distribution must satisfy one of three thresholds before a Highly Compensated Employee or Highly Compensated Former Employee (as defined by the IRS) can receive their lump sum in-service distribution."  MORE >>