Get Planmember Services 403b Distribution Form

Navigating the 403b distribution process can seem complex, but this guide simplifies the steps needed to complete the PlanMember Services 403b Distribution Form online. Following these instructions will ensure you accurately provide the required information for processing your distribution.

Follow the steps to fill out the PlanMember Services 403b Distribution Form online effectively.

1. Click the ‘Get Form’ button to obtain the form and open it in your editing device.
2. In Section One, complete the participant information by filling in your name, address, city, state, zip code, details of your employer, phone numbers, birthdate, social security number, and account number. Make sure to check the box if you have an outstanding 403(b) loan.
3. In Section Two, select the type of distribution you are requesting. Options include normal distribution, required minimum distribution, separated from service, financial hardship, disability, or divorce. Be aware that specific conditions apply to certain options.
4. Proceed to Section Three to elect your federal income tax withholding preferences. Choose whether you want federal and/or state income tax withheld from your distribution and understand that failing to make an election means a mandatory 20% withholding will apply.
5. In Section Four, decide on the amount and method of distribution. You can opt for a full distribution, a specific dollar amount, or systematic withdrawals, and indicate how you want the distributions to be configured, such as monthly or annually.
6. Complete Section Five by determining the recipient and method for receiving your funds. Specify if you want a check sent to your address, a direct rollover into another account, or direct deposit into your bank. Be sure to provide the necessary account details.
7. Sign and date the form in Section Six, confirming that you understand the IRS notices on tax withholdings and distribution options. Ensure that your signature meets any guarantee requirements if necessary.
8. If you are applying for a financial hardship distribution, complete Section Eight, having your employer certify the need for the distribution.
9. In Section Nine, include your employer's certification by having them sign and date the form, confirming the accuracy of the information.
10. Once all sections are completed, save your progress, and consider downloading or printing the form for your records. Finally, submit the completed form to the specified address provided by PlanMember Services Corporation.

Start filling out your PlanMember Services 403b Distribution Form online today and take control of your financial future.