72T WITHDRAWLS;

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L1: 72T WITHDRAWLS;I’M 51 YEARS OLD AND I’M IN MY COMPANYS 401K RETIREMENT PLAN. SINCE I’M LOOKING AT FUNDING SOME COLLEGE EDUCATIONS I WANT TO BEGIN WITHDRAWLS
FROM MY PLAN UNDER IRS REG 72T.
MY PLAN ADMINISTRATOR TELLS ME I CANNOT WITHDRAW
FUNDS FROM MY 401K WHILE I’M STILL EMPLOYED WITH
THE COMPANY.
IS THIS BECAUSE THE CODE DOES NOT ALLOW WITHDRAWALS OR BECAUSE MY PLAN DOES NOT ALLOW THIS TYPE OF WITHDRAWAL.
DOES REG 72T ALLOW 401 K PARTICIPANTS TO WITHDRAW
MONEY FROM THEIR PLAN WHILE STILL EMPLOYEED WITH
THE COMPANY.
CAN A COMPANY’S PLAN BE STRUCTED TO ALLOW THIS
TYPE OF WITHDRAWAL.

2001-08-10 10:14, By: ED2B8, IP: [127.0.0.1]

L2: RE: 72T WITHDRAWLS;While employed, you are subject to the terms and conditions of the Plan Document which would restrict distributions made to active employees except for hardships, etc.2001-08-16 15:15, By: Gfw, IP: [127.0.0.1]