Address
1375 Virginia Drive, Suite 245 Ft. Washington, PA 19034
Generally, the money that accumulates in your account should be used to help you throughout your retirement years. However, there may be times when you need to access your account balance before then. You will have to pay taxes and penalties for early withdrawal.
The following types of withdrawals are permitted by the plan while you are under covered employment:
You must withdraw a minimum of $500. The maximum amount you may withdraw depends on the type of withdrawal you are making.
A $25 administrative fee will be deducted from your withdrawal amount for each withdrawal you make.
If you separate from covered employment and take your account balance in a lump sum, then later return to covered employment, your return date will be used to calculate your allowable withdrawal.
You may withdraw the following contributions and amounts as an in-service withdrawal at any time for any reason. You may make up to 2 in-service withdrawals per year, with the total maximum sum being 50% of your January 1st Account Balance.
| Your spouse must sign your request for withdrawal in the presence of a notary, attesting to the fact that the withdrawal may reduce or entirely eliminate the amount available for retirement. The form must include the notary’s seal and signature. |