### Question
How does the law define permissible withdrawal?


### Answer
Under *26 U.S.C. § 414*, **permissible withdrawal** is defined as:

> 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)

#### Citation:
  - *26 U.S.C. § 414*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter D-Deferred Compensation, Etc. > PART I-PENSION, PROFIT-SHARING, STOCK BONUS PLANS, ETC. > Subpart B-Special Rules**

