Solo 401k Distributions
Generally, Solo 401k distributions cannot be made until one of the following occurs.
To learn more visit Tax Treatment of Solo 401k Distributions
- The employee retires, dies, becomes disabled, or otherwise severs employment.
- The plan ends and no other defined contribution plan is established or continued.
- In the case of a 401(k) plan that is part of a profit-sharing plan, the employee reaches age 59½ or suffers financial hardship. For the rules on hardship distributions, including the limits on them, see Regulations section 1.401(k)-1(d).
To learn more visit Tax Treatment of Solo 401k Distributions