My company 401K plan states that for amounts rolled into the 401K from other retirement accounts, if those rollover amounts are requested to be withdrawn from the 401K, they can be withdrawn at any time, i.e. it is not a hardship withdrawal. Do you know why this is the case? And does this standard withdrawal hold regardless of the type of funds rolled in (pre-tax, post-tax, Roth)? And even though a standard withdrawal is allowed, for those under 59 1/2 does the 10% early withdrawal penalty still apply? Are both principal and earnings taxable income, or does that depend on the type of funds rolled into the 401K?
