The terms of the Custodial Agreement require written notice of retirement, disability (as defined by the Code), attainment of age 59½, financial hardship, or termination of employment before assets may be distributed. To redeem all or part of a Traditional 403(b) account, please submit the following:
Traditional 403(b) Distribution Request Form
Signature Guarantee Standards and Procedures
IRS Form W-4P (if applicable)
In addition, please note the following:
For a Plan-to-Plan Transfer or a Contract Exchange, your employer or Third Party Administrator (“TPA”) (if applicable) is required to sign the Traditional 403(b) Distribution Request form. You may wish to contact your employer before proceeding with your request to determine whose certification is required.
For a Financial Hardship distribution, please also complete:
403(b) Financial Hardship Acknowledgment Form
Certain other distributions may require your employer’s or TPA’s certification on the Traditional 403(b) Distribution Request form. You may wish to contact your employer before proceeding with your request to determine if certification is required.
If you are currently contributing to your Foresters Financial Services, Inc. 403(b) account and are redeeming your account in full and no longer wish to have payroll deductions allocated to your Foresters Financial Services, Inc. 403(b) account, please contact your employer or TPA regarding discontinuing payroll deductions.