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COMMON FORMS USED DURING THE PLAN YEAR

The forms provided below are used to initiate the most common transactions that occur during a plan year. Not all forms may apply to all plans; see your plan document to determine if a specific transaction is allowed. There are two versions available for most forms. Language in the plan document determines which version of the forms to use. Plans that permit distributions in the form of an annuity have additional legal requirements. If you are unsure which version of a form to use, please contact Sikich for guidance.

DISTRIBUTION

Use this form when a participant terminates employment for any reason, including disability or retirement.
Standard Distribution Package
Distribution Package – Plan Subject to Annuity Rules

HARDSHIP DISTRIBUTION

Use this form to request a withdrawal from the plan due to a financial hardship (subject to withdrawal provisions in the Plan.)
Standard Hardship Distribution
Hardship Distribution – Plan Subject to Annuity Rules

IN-SERVICE WITHDRAWAL

Use this form to request a withdrawal while still employed (subject to withdrawal provisions in the Plan).
Standard In-Service Withdrawal
In-Service Withdrawal – Plan Subject to Annuity Rules

DEATH/BENEFICIARY DISTRIBUTION REQUEST

A beneficiary will use this form to request a withdrawal from the plan due to a participant’s death.
Standard Beneficiary Distribution Request
Beneficiary Distribution Request – Plan Subject to Annuity Rules

PARTICIPANT LOAN

Use this form to request a loan from the Plan (subject to loan provisions in the Plan).
Standard Loan Request
Loan – Plan Subject to Annuity Rules

PARTICIPANT LOAN ADDENDUM

Use this addendum to the Participant Loan form if your plan only allows loans for financial hardship.
Standard Loan Addendum

ELECTRONIC FUND TRANSFER

Use this form along with a distribution, withdrawal or loan request to have funds transferred electronically.
Electronic Fund Transfer Request

BENEFICIARY DESIGNATION

Use this form to designate the beneficiary when an employee first becomes eligible for the plan and to change the beneficiary at any time.
Standard Beneficiary Designation
Beneficiary Designation – Plan Subject to Annuity Rules

WAIVER OF PRE-RETIREMENT SURVIVOR ANNUITY

Notice must be provided to the participant between the ages of 32 and 35 (or the first year of participation, if later). An election to waive the annuity may be made at age 35 or later. If an election is made, the spouse (if any) must consent to the waiver of annuity coverage. This form must be completed if a participant wants to name someone other than their spouse as a beneficiary.
Waiver of Pre-Retirement Survivor Annuity

ROLLOVER

This form is used when an employee or participant wishes to rollover a distribution from another qualified plan. This form should be completed and be accompanied by the rollover check, as well as other supporting documentation.
Rollover

OUTSTANDING LOAN ELECTION

This form is used along with the Distribution Package when an employee has terminated employment. This form allows an employee to make an election with respect to any outstanding loans prior to receiving a distribution.
Outstanding Loan Election

LIFE INSURANCE POLICY ELECTION

This form is used along with the Distribution Package when an employee has terminated employment. This form allows an employee to make an election with respect to any insurance policies they have in the plan.
Life Insurance

SAMPLE COVER LETTER TO TERMINATED PARTICIPANT

This cover letter may be used to send Distribution Packages to terminated participants that are due a distribution from the plan (modify as appropriate).
Sample Letter

Investment advisory services offered through Sikich Financial, an SEC Registered Investment Advisor.

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