401k Rules

There are 401K rules for your contributions and withdrawals. The 401K rules for contributions are based on a maximum issued by the IRS. the 401K rules also limit your contributions which are based on your salary and number of hours worked. The 401k plan summary issued by your employers has 401K rules in it that describe restrictions such as loan, hardship withdrawals, early retirement distributions and matching contributions levels. Refer to the 401K rules in your summary plan description first before you make a decision about your plan.