Tried to make a withdrawal (over 59.5 so no issues of penalty) from a small 401(k) from a (relatively) short employer.
Was informed it was "the law" that would have to withhold 25%.
When informed other firms didn't require that, of course, the telephone robot couldn't do other than read the supplied script and claim infallibility.
This is internal procedure and subterfuge of using a convenient whipping boy of the IRS as an excuse rather than reality, correct?
--