Information about hardship distributions, early withdrawals and loans from retirement plans. Who is eligible for a Plan loan?Any employee who is in active status on payroll who is participating in either the pre-tax 457 or pre-tax. How to understand City of Philadelphia judgment and lien numbers in order to submit a payoff request. ✓ A copy of the Uniform Residential Loan Application (dated within 45 days) containing the "Estimated Costs Due at Closing. You can withdraw funds from your 401(k) to avoid filing for bankruptcy if you want to. The questions on this web page are about the Treasury Offset Program, the program that withholds money to pay for a debt. It is not a deemed loan. Please note the following important information: Make your request at least 30 days before a property settlement. Reach out if you have questions about your workplace retirement plan.