Distributions
Divorce and Retirement Accounts - Qualified Domestic Relations Order (QDRO)
What happens to my retirement account if I get divorced? Many divorce settlements, but not all, include the court awarding a portion of your retirement account to your former spouse, which is referre…
Hardship Withdrawals
What is a hardship withdrawal?. A hardship withdrawal is a withdrawal of funds from one’s retirement account due to an immediate and heavy financial need of the employee and the amount must be necess…
How do I request my distribution?
How do I request my distribution?. Online. You can click the " Withdrawals " menu link in your online account and completing the form request process, or you can request a distribution form by contac…
Involuntary Distributions
Can my account be forced out of the plan after I'm no longer working for the plan sponsor? It depends on your account balance. But generally, a plan may allow for involuntary distributions (aka force…
Required Minimum Distribution (RMD)
What is a Required Minimum Distribution?. A Required Minimum Distribution (RMD) is a government-required withdrawal from a retirement account that starts once you meet certain age, ownership, and wor…
