Written by attorney Adam Kielich | Jan 3, 2018

Can a company make exceptions to the 401k plan rules for distributions?

Generally no. ERISA requires 401k plans to strictly follow plan rules and treat employees fairly. The intended effect is for the plan to treat employees equally. To violate plan rules can result in as little as fines or as much as forfeiting the entire plan. Changing distribution rules requires amen

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