permissible withdrawal

(2) Permissible withdrawal For purposes of this subsection— (A) In general The term “permissible withdrawal” means any withdrawal from an eligible automatic contribution arrangement meeting the requirements of this paragraph which— (i) is made pursuant to an election by an employee, and (ii) consists of elective contributions described in paragraph (3)(B) (and earnings attributable thereto). (B) Time for making election Subparagraph (A) shall not apply to an election by an employee unless the election is made no later than the date which is 90 days after the date of the first elective contribution with respect to the employee under the arrangement. (C) Amount of distribution Subparagraph (A) shall not apply to any election by an employee unless the amount of any distribution by reason of the election is equal to the amount of elective contributions made with respect to the first payroll period to which the eligible automatic contribution arrangement applies to the employee and any succeeding payroll period beginning before the effective date of the election (and earnings attributable thereto).


26 USC § 414(w)(2)

Scoping language

For purposes of this subsection
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