A withdrawal of an employee's contributions to a 401(k) plan prior to retirement at age 55 or attainment of age 591/2. A hardship withdrawal may be made only in cases of financial emergency provided there are no other sources available to meet the need the withdrawal is taxable as an early distribution and subject to a 10% excise tax.

The Top Machine Learning Skills in Demand in 2026
Read More
Emerging AI Skills in Demand in 2026
Read More
United States and Canada Minimum Wage Updates - July 2026
Read MoreWHITE PAPERS

National Compensation Forecast April 2026
Read More
Compensation Strategies for Remote Work and Organizational Culture – Fall 2025
Read More
Planning Global Compensation Budgets for 2026 - January 2026
Read More
Common Compensation Terms and Formulas - January 2026