Does McDonald's have a 401(k)?

McDonald’s Corporation and certain related entities are collectively referred to herein as the “Employer.” All balances in this Plan and all subsequent contributions and earnings are 100% vested and non-forfeitable at all times. The 401(k) feature allows you to contribute a portion of your compensation on a pre-tax basis.

When can I withdraw from my 401(k)?

Most Americans retire in their mid-60s, and the Internal Revenue Service (IRS) allows you to begin taking distributions from your 401 (k) without a 10% early withdrawal penalty as soon as you are 59½ years old. But you still have to pay taxes on your withdrawals.

What are 401(k) withdrawal rules?

401 (k) withdrawal rules affect when account holders can take withdrawals without penalty. If you retire after age 59½, you can start taking withdrawals without paying an early withdrawal penalty. The IRS allows for hardship withdrawals that usually are not subject to the 10% penalty.