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Pentagram Retirement Services Pentagram Defined Contribution Plan for Financial Institutions (formerly known as Financial Institutions Thrift Plan) REQUEST FOR HARDSHIP WITHDRAWAL IMPORTANT NOTICE:
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What is request for hardship withdrawal?
A request for hardship withdrawal is a formal application submitted by an individual to withdraw funds from their retirement account due to financial hardship.
Who is required to file request for hardship withdrawal?
Individuals who are facing financial hardship and meet the eligibility criteria set by their retirement plan are required to file a request for hardship withdrawal.
How to fill out request for hardship withdrawal?
To fill out a request for hardship withdrawal, individuals need to complete the necessary forms provided by their retirement plan provider and submit any required documentation to support their hardship claim.
What is the purpose of request for hardship withdrawal?
The purpose of a request for hardship withdrawal is to provide individuals with access to their retirement funds in cases of financial hardship, such as unexpected medical expenses or loss of income.
What information must be reported on request for hardship withdrawal?
Information that must be reported on a request for hardship withdrawal includes personal details, the reason for the hardship, and the amount of funds being requested for withdrawal.
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