Get the free Hardship Distribution Request Form

Print Clear Hardship Distribution Request Form for active employees who have a qualifying hardship event Use this form if you want to: request a distribution due to financial hardship Do not use this

How to fill out hardship distribution request form

1. Start by obtaining a hardship distribution request form from your employer or retirement account administrator. This form may also be available online on the respective website or portal.
2. Carefully read through the instructions provided with the form. Make sure you understand the eligibility criteria and requirements for requesting a hardship distribution, as well as any documentation you may need to provide.
3. Begin by filling out the personal information section of the form. This typically includes your name, contact information, social security number, and account information.
4. Next, indicate the reason for your hardship distribution request. Common reasons may include medical expenses, purchase of a primary residence, tuition and educational expenses, and prevention of foreclosure or eviction. Be prepared to provide additional documentation or evidence supporting your reason, such as medical bills or a letter from your landlord.
5. Calculate the amount you are requesting to withdraw as a hardship distribution. Typically, you can only withdraw the amount necessary to cover the hardship, not exceeding the maximum allowed by law. Consult the instructions or contact your employer or retirement account administrator for guidance on calculating this amount.
6. Review the form to ensure all sections are completed accurately and legibly. Double-check for any missing information or errors that could delay the processing of your request.
7. After completing the form, sign and date it. Some forms may require a witness or notary public, so be sure to follow the instructions provided.
8. Make copies of the completed form and any supporting documentation for your records. It's always a good idea to retain copies of all paperwork related to financial transactions.
9. Submit the completed hardship distribution request form to your employer or retirement account administrator according to their specified instructions. This may involve mailing or hand-delivery, or submitting the form electronically through a designated portal.

Who needs a hardship distribution request form?

1. Employees who participate in an employer-sponsored retirement plan such as a 401(k), 403(b), or similar plan may need a hardship distribution request form. These forms are typically required to request a withdrawal from the retirement account on the grounds of financial hardship.
2. Individuals who have their retirement savings in an individual retirement account (IRA) may also need a hardship distribution request form, depending on the specific requirements of their IRA account provider. Some IRA custodians may have their own forms or procedures for requesting hardship distributions.
3. It is important to note that hardship distributions are generally considered a last resort option, and individuals should explore other options, such as loans or other types of financial assistance, before considering a hardship distribution. Additionally, certain limitations and tax implications may apply to hardship distributions, so it is wise to consult with a financial advisor or tax professional before proceeding.

For pdfFiller’s FAQs

What is hardship distribution request form?

A hardship distribution request form is a form used to request a withdrawal from a retirement account before the age of retirement due to financial hardship.

Who is required to file hardship distribution request form?

Individuals facing financial hardships who need to make an early withdrawal from their retirement account are required to file a hardship distribution request form.

How to fill out hardship distribution request form?

To fill out a hardship distribution request form, one needs to provide personal information, details of the financial hardship, and supporting documentation.

What is the purpose of hardship distribution request form?

The purpose of a hardship distribution request form is to request a withdrawal from a retirement account due to financial hardship.

What information must be reported on hardship distribution request form?

Information such as personal details, financial hardship details, and supporting documentation must be reported on a hardship distribution request form.

How can I manage my hardship distribution request form directly from Gmail?

pdfFiller’s add-on for Gmail enables you to create, edit, fill out and eSign your hardship distribution request form and any other documents you receive right in your inbox. Visit Google Workspace Marketplace and install pdfFiller for Gmail. Get rid of time-consuming steps and manage your documents and eSignatures effortlessly.

Can I edit hardship distribution request form on an iOS device?

No, you can't. With the pdfFiller app for iOS, you can edit, share, and sign hardship distribution request form right away. At the Apple Store, you can buy and install it in a matter of seconds. The app is free, but you will need to set up an account if you want to buy a subscription or start a free trial.

How do I fill out hardship distribution request form on an Android device?

Use the pdfFiller mobile app and complete your hardship distribution request form and other documents on your Android device. The app provides you with all essential document management features, such as editing content, eSigning, annotating, sharing files, etc. You will have access to your documents at any time, as long as there is an internet connection.