Does the Plan Allow a Withdrawal in the Event of Financial Hardship?
Under certain circumstances, you may qualify for a Hardship withdrawal provided you have received all other distributions that may be available to you under this Plan and all other plans of your Employer in which you participate (including any tax-free loans). Because the tax rules prohibit in-service (including hardship) withdrawals from the Money Purchase Pension portion of your account and from other employer contributions that are made to this Plan, you may request a hardship withdrawal only if you have had 401(k) contributions since the plan was converted to a profit sharing/401(k) plan at the beginning of 2007. The rules further prohibit the withdrawal of earnings on your 401(k) account, so your maximum hardship withdrawal will be limited to the lesser of 1) the amount of 401(k) contributions reported since January 1, 2007, plus any rollovers you have made to the Plan since January 1, 2007, and 2) the amount needed to satisfy the hardship. Click here for a summary of the “Hardshi
