Get Deferred Compensation Plan Redemption Form - Homestead Funds

Filling out the Deferred Compensation Plan Redemption Form for Homestead Funds online is an important task for employers seeking to request a distribution of assets. This guide provides a professional and supportive overview of each section of the form, ensuring a smooth completion process.

Follow the steps to successfully complete the form online.

1. Click ‘Get Form’ button to obtain the form and open it in your preferred online editor.
2. Complete the Account Registration section by providing necessary details such as NRECA Member/Employer Name, participant’s first and last names, middle initial, state, account number, tax identification number, and separation date.
3. In the Plan Type section, check one of the options that best describes the plan: Executive Compensation Plan, Top Hat Plan, Incentive 457(f) Plan, and others, based on your organization’s structure.
4. Provide a contact name and phone number for any potential follow-up questions regarding the distribution request.
5. Move on to the Distribution Instructions section. Indicate how to process the distribution by selecting either check or ACH transfer and specifying whether it is a single-sum payment, partial redemption, or installment payments.
6. If opting for installment payments, detail the frequency of payments (annual, quarterly, or monthly) and the starting date for the distribution.
7. For Transfer-in-kind, ensure a detailed letter of instruction is attached and a review call is made to Homestead Funds as instructed.
8. Proceed to the Employer Signature section where an authorized representative must sign in front of a notary. Ensure they certify all responsibilities and the correctness of the information provided.
9. Complete the Notary Acknowledgement section by having the notary fill in their details and affix their stamp.
10. Once the form is completed, save the changes and download or print a copy for your records. Ensure to send the original signed document to Homestead Funds using the appropriate mailing address.

Take the first step towards managing your deferred compensation plan by completing the form online today.