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Utah Retirement Systems PO Box 1590 Salt Lake City, Utah 84110-1590 (801) 366-7720 or (800) 688-4015 Fax (801) 366-7445 or (800) 753-7445 www.urs.org 457 EMERGENCY WITHDRAWAL INSTRUCTIONS: 1. 2. 3.

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What is 457 emergency withdrawal?

A 457 emergency withdrawal is a provision that allows individuals to take out money from their 457 retirement plan before reaching the age of retirement in cases of emergencies or unforeseen financial hardships.

Who is required to file 457 emergency withdrawal?

Any individual who is a participant in a 457 retirement plan and is facing a qualified financial emergency is eligible to file for a 457 emergency withdrawal.

How to fill out 457 emergency withdrawal?

To fill out a 457 emergency withdrawal, individuals must contact their plan administrator or financial institution and request the necessary forms. They will need to provide documentation supporting their financial emergency and may be required to meet certain eligibility criteria set by their plan.

What is the purpose of 457 emergency withdrawal?

The purpose of a 457 emergency withdrawal is to provide individuals with access to funds from their retirement plan in times of financial crisis or unexpected expenses. It is designed to help individuals meet immediate financial needs while maintaining the long-term savings aspect of their retirement plan.

What information must be reported on 457 emergency withdrawal?

The information that must be reported on a 457 emergency withdrawal typically includes personal details of the participant, details of the financial emergency, supporting documentation, and any additional information required by the plan administrator or financial institution.

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