If you take a distribution from a Roth Rollover Account or Roth Contribution Account before the account is at least five years old and before you have attained age 59-1/2 (or on account of your death or disability, if sooner) earnings on the amounts in the Roth Rollover Account or Roth Contribution Account will be includible in your taxable income. If you make an in-Plan Roth conversion and take a distribution of such amount before the Roth Contribution Account is at least five years old, the earnings on the amounts distributed are taxable. In addition, if the withdrawal is made before you reach 59-1/2, the converted amounts and earnings will be subject to a 10% penalty tax. Further, if a participant loan is taken with respect to Roth After-Tax Contributions, and the loan is defaulted, the taxable portion of the deemed distribution will be includible in your taxable income and you may be subject to a 10% penalty if you are under age 59-1/2.