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In-service Withdrawal Request 403(b) Plan Princeton Community Hospital Defined Contribution 403(b) Plan 9579101 When would I use this form? When I am requesting a withdrawal and I am still employed

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What is in-service withdrawal request 403b?

An in-service withdrawal request 403b is a request made by an employee to withdraw funds from their 403b retirement plan while they are still employed.

Who is required to file in-service withdrawal request 403b?

Employees who participate in a 403b retirement plan and meet the requirements set by the plan administrator may file an in-service withdrawal request.

How to fill out in-service withdrawal request 403b?

To fill out an in-service withdrawal request 403b, employees typically need to complete a form provided by their plan administrator, providing details such as the amount to be withdrawn and the reason for the withdrawal.

What is the purpose of in-service withdrawal request 403b?

The purpose of an in-service withdrawal request 403b is to allow employees to access a portion of their retirement savings before they actually retire, to address financial needs or emergencies.

What information must be reported on in-service withdrawal request 403b?

Information such as the amount to be withdrawn, the reason for the withdrawal, and any applicable taxes or penalties must be reported on an in-service withdrawal request 403b.

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