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Rollover Assistance
Many participants are undecided as to how or where to rollover
their 401(k) assets. Click on
Rollover Assistance, complete the form and a representative
from Lincoln Financial Advisors will contact you to help establish
your rollover account.
Standard Distributions
401(k) and other types of retirement plans have specific laws and
regulations detailing who may receive a distribution of their assets
in the plan. To receive a distribution from a 401(k) plan, a participant
must have incurred a "distributable event". Distributable events
include:
- Termination of employment
- Retirement
- Attainment of age 59½,
- Disability as defined in the plan document
- Death of the participant
If you are a worksite employee of a Professional Employer Organization
(employee leasing company), you must also terminate employment with
your worksite employer to be eligible for a distribution.
Click on Standard Distribution
to obtain the required forms and notices to receive a distribution
of your account balance.
Hardship Distributions
401(k) plans have specific laws that govern when a participant
can obtain a hardship distribution. Click
on Hardship Distribution to review the laws and obtain forms
to apply for a hardship distribution.
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