401(k) Penalty Relief Act of 2005
Last action on Nov 1, 2005Referred to the House Committee on Ways and Means.
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Summary
401(k) Penalty Relief Act of 2005 - Amends the Internal Revenue Code to waive the penalty for premature distributions from a 401(k) retirement plan for employee hardship distributions due to the bankruptcy of an employer, the termination of a retirement plan, or the closure of a facility of the employer.
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