Qualified Reservist Distribution. When a Participant is eligible for a qualified reservist distribution as provided under Code section 72(t)(2)(G) and applicable guidance thereunder.
Qualified Reservist Distribution. A Qualified Reservist Distribution is a distribution (1) from an IRA or attributable to elective deferrals under a 401(k) plan, 403(b) annuity, or certain similar arrangements, (2) made to an individual who (by reason of being a member of a reserve component as defined in section 101 of title 37 of the U.S. Code) was ordered or called to active duty for a period in excess of 179 days or for an indefinite period, and (3) that is made during the period beginning on the date of such order or call to duty and ending at the close of the active duty period. A 401(k) plan or 403(b) annuity does not violate the distribution restrictions applicable to such plans by reason of making a Qualified Reservist Distribution.
Qualified Reservist Distribution. 10.1 401(k)
Qualified Reservist Distribution. A “qualified reservist distribution” may be made from a qualified plan or an IRA by an individual ordered or called into active duty for a period of more than 179 days of active duty or for an indefinite period of time after September 11, 2001. The amount distributed may be recontributed to an IRA at any time during a two-year period after the end of active duty. The distribution is not subject to the 10% early withdrawal penalty if taken prior to age 59½.
Qualified Reservist Distribution. A Qualified Reservist Distribution shall be allowed in accordance with Section 10.09 of the Basic Plan Document.
Qualified Reservist Distribution. For purposes of this subsection (d), a Qualified Reservist Distribution means any distribution to an individual if:
(i) such distribution is from amounts attributable to elective deferrals described in Code §402(g)(3)(A) or
(ii) such individual was (by reason of being a member of a reserve component (as defined in §101 of Title 37 of the United States Code)) ordered or called to active duty for a period in excess of 179 days or for an indefinite period, and
(iii) such distribution is made during the period beginning on the date of such order or call, and ending at the close of the active duty period.
Qualified Reservist Distribution. A Participant called to active duty after September 11, 2001 for a period that is either indefinite or to exceed 179 days and the Participant takes the distribution between the date of the call to active duty and the close of the active duty period. The distribution may be made only from amounts attributable to 401(k) deferrals and is exempt from the 10% income tax penalty that would otherwise apply if the Participant has not yet attained age 59 1/ 2. The PPA would further permit the Participant to repay the distribution to an XXX only (not to the plan) within two years after the end of the active duty period. This subsection (g) shall be effective to permit such distributions after the following date: (can be no earlier than September 11, 2001).
Qualified Reservist Distribution. Effective August 17, 2006, a Participant who is ordered or called to active duty after September 11, 2001 may take a Qualified Reservist Distribution if the following are satisfied:
Qualified Reservist Distribution. The term “Qualified Reservist Distribution” means a distribution of Elective Deferrals to a Qualified Reservist that is made during the period beginning on the date that the Qualified Reservist is ordered or called to duty and ending on the last day of active duty.
Qualified Reservist Distribution. See Section 6.01(C)(4)(b)(iii). (may only be selected with 401(k) plans) N/A [ ] N/A N/A N/A N/A N/A (8) [ ] Deemed Severance Distribution. See Section 6.11. [ ] [ ] [ ] [ ] [ ] [ ] [ ] [Note for Money Purchase Pension Plans: Elections (4) through (8) do not apply.]
