Illiquidity. The circumstances in which account assets may be withdrawn without an additional 10 percent federal tax penalty on earnings or other adverse tax consequences are limited. This reduces the liquidity of an investment in the account.
Appears in 2 contracts
Sources: Plan Description and Participation Agreement, Supplement to the Plan Description and Participation Agreement
Illiquidity. The circumstances in which account assets may be withdrawn without an additional 10 percent federal tax penalty on earnings or other adverse tax consequences are limited. This reduces re- duces the liquidity of an investment in the account.
Appears in 1 contract