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Get Gp5479us 2016-2025
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How to fill out the GP5479US online
The GP5479US form is essential for individuals looking to withdraw funds from their retirement plans, such as a 401(k). This guide provides a comprehensive overview of the sections within the form and detailed guidance on completing it online.
Follow the steps to successfully complete the GP5479US form online.
- Click ‘Get Form’ button to obtain the GP5479US and open it in your editor.
- In Section 1, enter your general information, including the plan name, contractholder name, and your own details as displayed on your Social Security Card, including your full name, Social Security Number, date of birth, and address.
- In Section 2, indicate the reason for your withdrawal by selecting one option only from the provided list, such as termination, retirement, or disability.
- In Section 3, specify how much you wish to withdraw by selecting 100% of your vested account value or a portion, and detail the amount or percentage in the chart provided.
- In Section 4, clarify where you want your money sent by selecting a single or multiple distribution destinations, ensuring to complete the respective subsections based on your chosen options.
- In Section 5, provide your Electronic Fund Transfer details if applicable, including bank information for amounts over $50,000, and specify whether you prefer a direct deposit or wire transfer.
- In Section 6, indicate if you wish to waive the 30-day waiting period for considering your withdrawal request.
- Sign and date the form in Section 7 to certify all information is accurate before submission.
- Once completed, save your changes and download the form or print it for submission to your plan representative.
Complete your documents online today for a hassle-free experience.
Related links form
1. Avoid the 401(k) Early Withdrawal Penalty. If you withdraw money from your 401(k) account before age 59 1/2, you will need to pay a 10% early withdrawal penalty in addition to income tax on the distribution. For someone in the 24% tax bracket, a $5,000 early 401(k) withdrawal will cost $1,700 in taxes and penalties.
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