Can I take an in-service withdrawal from my plan account?
Subject to the terms of your employer’s plan, you may able to take an in-service withdrawal under certain conditions. For example, if you become disabled, have a financial hardship (403(b) plans only), or have an unforeseeable emergency (457(b) plans only).
To find out if your plan permits in-service withdrawals and to initiate a request, log on to your account or call the PlanConnect® Service Center at (800) 923-6669. You will also need to contact your investment provider to confirm what, if any, documentation your investment provider requires to process the transaction.
Consult with a tax professional regarding the taxation of any withdrawal you make or distribution you receive from the plan.
Salary Reduction Forms
Please be advised that this web content is not intended as legal or tax advice. Accordingly, any tax information provided in this web content is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. The tax information was written to support the promotion or marketing of the transactions(s) or matter(s) addressed, and you should seek advice based on your particular circumstances from an independent tax advisor.
