JPM will allow only employee contributions to be withdrawn. JPM fails to provide documentation for this restriction and only references proposed legislation for similar accounts.
Got a question? Ask it. We are here to help.
Got an answer? Then Please help others.
This forum is only effective when we all help each other. Everyone is welcome and encouraged to participate.
| Author | Comment | ||
|---|---|---|---|
sf340b |
Hardship Withdrawals |
Lead | |
|
Posts: 1 (11/07/08 10:51:48) |
Is there an IRS restriction on withdrawing company contributions and earnings under a hardship withdrawal?
JPM will allow only employee contributions to be withdrawn. JPM fails to provide documentation for this restriction and only references proposed legislation for similar accounts. |
||
shamsur |
|||
|
Posts: 4 (11/10/08 05:22:24) |
If you have a copy of the SPD/Plan Document..... it should be there under the distributions section that from which sources you can withdraw your invested
money as Hardship.
Thank you, |
||
IMPORTANT NOTICE: Answers are provided as general guidance on the subjects covered in the question and are
not provided as legal, tax or investment advice to the questioner's situation. Individual situations vary. Please consult
your tax, legal or financial advisor for more detailed information and advice.
Visit www.401khelpcenter.com for more help and information on 401k plans.