Get the free 457b Plan Distribution Request Form - Nationwide Retirement

Nationwide Retirement Solutions Distribution Request for 457(b) Governmental Plans Personal Information Participant Name: Participant SSN or Account #: Mailing Address: City, State, & Zip Code: Date

How to fill out 457b plan distribution request

How to fill out a 457b plan distribution request:

1. Begin by obtaining a copy of the 457b plan distribution request form from your employer or the plan administrator. This form is typically available online or can be requested from the human resources department.
2. Fill in your personal information accurately and completely. This includes your name, address, social security number, and contact information. Make sure to double-check for any errors or typos.
3. Indicate the reason for your distribution request. Common reasons include retirement, termination of employment, financial hardship, or reaching the required age for penalty-free withdrawals.
4. Specify the type of distribution you are requesting. This may include a lump-sum payment, partial distribution, or systematic withdrawals. Select the option that aligns with your financial goals and needs.
5. Provide details about the distribution amounts. If you are requesting a specific dollar amount, write it clearly. If you prefer a percentage of your account balance, indicate the percentage you wish to withdraw.
6. Determine the tax withholding amount. This refers to the percentage of your distribution that will be withheld for federal and state income taxes. Generally, you can choose a default rate or specify a different percentage if desired.
7. If applicable, indicate whether you would like to directly roll over any portion of the distribution to an eligible retirement account. This can enable you to defer taxes on the amount you transfer.
8. Review the form thoroughly to ensure all sections are completed accurately and legibly. Make sure to sign and date the document according to the provided instructions.
9. If required by your employer or plan administrator, submit any supporting documentation along with the completed request form. This may include proof of age, proof of financial hardship, or other relevant documents.
10. Keep a copy of the filled-out form for your records before submitting it to your employer or plan administrator.

Who needs a 457b plan distribution request:

1. Employees who have a 457b retirement savings plan as part of their employment benefits may need a distribution request form.
2. Individuals who have reached the age at which they are eligible to make penalty-free withdrawals from their 457b plan.
3. Employees who are retiring or terminating their employment and wish to access the funds in their 457b account.
4. Individuals facing financial hardships or emergencies that meet the specific criteria outlined by the plan may require a distribution request form.
5. Anyone considering rolling over a portion of their 457b plan balance into another eligible retirement account may need to fill out a distribution request form.
6. Participants who want to take out systematic withdrawals or regular payments from their 457b plan may need to complete the necessary form to facilitate this process.
7. Any individual who wishes to request a lump-sum payment from their 457b plan will typically be required to submit a distribution request form.

For pdfFiller’s FAQs

What is 457b plan distribution request?

A 457b plan distribution request is a formal request made by a participant in a 457b retirement plan to withdraw money from their account.

Who is required to file 457b plan distribution request?

Participants in a 457b retirement plan are required to file a 457b plan distribution request if they wish to make a withdrawal.

How to fill out 457b plan distribution request?

To fill out a 457b plan distribution request, the participant must contact their plan administrator and complete the necessary forms with details of the requested withdrawal.

What is the purpose of 457b plan distribution request?

The purpose of a 457b plan distribution request is to allow participants to access the funds in their retirement account for various reasons, such as retirement, financial hardship, or separation from service.

What information must be reported on 457b plan distribution request?

The 457b plan distribution request must include details such as the amount to be withdrawn, the reason for the withdrawal, and any applicable tax withholding elections.

How do I modify my 457b plan distribution request in Gmail?

457b plan distribution request and other documents can be changed, filled out, and signed right in your Gmail inbox. You can use pdfFiller's add-on to do this, as well as other things. When you go to Google Workspace, you can find pdfFiller for Gmail. You should use the time you spend dealing with your documents and eSignatures for more important things, like going to the gym or going to the dentist.

How do I make changes in 457b plan distribution request?

pdfFiller not only allows you to edit the content of your files but fully rearrange them by changing the number and sequence of pages. Upload your 457b plan distribution request to the editor and make any required adjustments in a couple of clicks. The editor enables you to blackout, type, and erase text in PDFs, add images, sticky notes and text boxes, and much more.

How do I complete 457b plan distribution request on an Android device?

On Android, use the pdfFiller mobile app to finish your 457b plan distribution request. Adding, editing, deleting text, signing, annotating, and more are all available with the app. All you need is a smartphone and internet.