Do I qualify for a withdrawal?

To withdraw funds from a 401(k) account you must meet the conditions defined within your plan summary and by the IRS^[1]. As your plan provider, saveday may permit your distribution depending on your deferral type.

For elective deferrals, you must either:

1. Terminate employment (retirement, death, disability, etc.)
2. Reach age 59 ½
3. Suffer a hardship

For profit-sharing or matching contributions:

1. Terminate employment (retirement, death, disability, etc.)
2. Reach the age requirement as defined by your plan
3. Suffer a hardship

Note also that for non-elective deferrals, saveday may only permit a distribution of your vested accrued benefit.

---

^[1] IRS, General Distribution Rules