A withdrawal from retirement savings plans by a participant who remains employed. In-service withdrawals are severely restricted by law and most plans.
In-service withdrawals of elective deferrals (employee salary reduction contributions) or safe harbor contributions are prohibited by law before age 59 1/2. While allowed by law after that age, most plans do not allow it.
In-service withdrawals of employer contributions are allowed under some circumstances before age 59 1/2, but most plans prohibit it.