Get Nefit Distribution Request

The term "qualified distribution" refers to a withdrawal from a qualified retirement plan. These distributions are penalty-free and can be tax-free, depending on the retirement account. Eligible plans from which a qualified distribution can be made include 401(k)s, 403(b)s, and individual retirement accounts (IRAs).

Distribution Request means the order format that Distributor uses to record HIPAA compliant prescription and shipment information as set forth in the data file specifications (“DFS”) for each sale and shipment of Depot Product by Distributor under Exhibit F.

By age 59.5 (and in some cases, age 55), you will be eligible to begin withdrawing money from your 401(k) without having to pay a penalty tax. You'll simply need to contact your plan administrator or log into your account online and request a withdrawal.

Distribution Check means a check payable to a Class Member who does not opt-out of this Settlement, or who is not otherwise excluded by order of the Court, for the purpose of paying that Class Member's share of the Net Settlement Fund payable to such Class Member pursuant to the Class Distribution Order.

Simply put, a 401(k) distribution is a withdrawal of funds from your 401(k) account.

All distribution requests are sent for approval -- this action is typically completed by your Employer. Once the distribution is reviewed and approved, the payment will be processed. Payments are generally received within 7-10 business days for a check; 5-7 business days for direct deposit (if available).

This notice contains important information about the payment of your vested account balance in your employer's Individual 401(k) Plan.

All distribution requests are sent for approval -- this action is typically completed by your Employer. Once the distribution is reviewed and approved, the payment will be processed. Payments are generally received within 7-10 business days for a check; 5-7 business days for direct deposit (if available).