[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-304334-105":3,"detail-sidebar-cat-1-en-105":80,"doc-detail-304334-en":126},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":73,"head_meta":75,"extra_data":77,"updated_unix":79},105,"en","withdrawals-and-distributions-frequently-asked-questions","Withdrawals and Distributions - Frequently Asked Questions","","Withdrawals and Distributions provides answers on when and how participants can withdraw or distribute funds, including age 59½ rules and situations that may allow earlier withdrawals with a potential 10% early withdrawal penalty. It explains hardship withdrawal eligibility, the online request process through the Retirement Service CenterSM, and the available alternatives such as dipping into a 401(k) and related loans or hardship FAQ references. It also covers processing fees, retirement effects, leaving money in the plan options, and mandatory distribution (RMD) timing, taxes, and withholding.",{"@graph":14,"@context":72},[15,34,55],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/letters/","Letters",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/withdrawals-and-distributions-frequently-asked-questions/304334/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/withdrawals-and-distributions-frequently-asked-questions/304334.png","ImageObject",442,249,{"name":42,"@type":43},"Cart","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-01","2026-09-19",true,{"@type":52,"interactionType":53,"userInteractionCount":30},"InteractionCounter",{"@type":54},"ViewAction",{"@type":56,"mainEntity":57},"FAQPage",[58,64,68],{"name":59,"@type":60,"acceptedAnswer":61},"When can I withdraw money from my plan account?","Question",{"text":62,"@type":63},"You may withdraw any amount without penalty when you reach age 59½, even if you have not terminated employment. Before 59½, withdrawals may be allowed in specific instances but could be subject to a 10% early withdrawal penalty.","Answer",{"name":65,"@type":60,"acceptedAnswer":66},"How do I withdraw money from my plan account?",{"text":67,"@type":63},"Unless you are applying for a hardship withdrawal, use the online form on the Distributions tab of the Retirement Service CenterSM to request a withdrawal. You can also request instructions for using the form for a withdrawal and a rollover.",{"name":69,"@type":60,"acceptedAnswer":70},"Are there mandatory distributions (RMDs), and when must they be taken?",{"text":71,"@type":63},"Yes, RMD timing depends on circumstances. If retired or you own 5% or more of the company, the first RMD is due by April 1 of the year after turning 73, and subsequent RMDs are due by December 31 each year. If you are 73 or older and still actively employed without owning 5% or more, you generally do not need to start RMDs until you retire or own more than 5%.","https://schema.org",{"og:url":32,"og:type":74,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":76,"canonical":32},"index,follow",{"doc_id":78,"site_id":7},304334,1790497732,{"code":4,"msg":81,"data":82},"success",[83,88,93,98,103,108,113,117,122],{"id":84,"doc_module":22,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},11,"Presentations",90,"presentations",{"id":89,"doc_module":22,"doc_module_name":25,"category_name":90,"show_sort_weight":91,"slug":92},12,"Resumes",80,"resumes",{"id":94,"doc_module":22,"doc_module_name":25,"category_name":95,"show_sort_weight":96,"slug":97},14,"Invoices",70,"invoices",{"id":99,"doc_module":22,"doc_module_name":25,"category_name":100,"show_sort_weight":101,"slug":102},15,"Posters",60,"posters",{"id":104,"doc_module":22,"doc_module_name":25,"category_name":105,"show_sort_weight":106,"slug":107},16,"Social Media",50,"social-media",{"id":109,"doc_module":22,"doc_module_name":25,"category_name":110,"show_sort_weight":111,"slug":112},17,"Forms",40,"forms",{"id":114,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":115,"slug":116},18,30,"letters",{"id":118,"doc_module":22,"doc_module_name":25,"category_name":119,"show_sort_weight":120,"slug":121},21,"Paper Templates",5,"papers-templates",{"id":123,"doc_module":22,"doc_module_name":25,"category_name":124,"show_sort_weight":4,"slug":125},158,"General","general-158",{"code":4,"msg":81,"data":127},{"doc_id":78,"user_id":128,"nickname":42,"user_avatar":129,"doc_module":22,"category_id":114,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":30,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":26,"language":135,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":12,"update_tm":139,"read_time":22},18829141979164,"https://eur-avatar.wpscdn.com/davatar_6f874abed73319feea01a86fa6f0fab8","Withdrawals and Distributions – Frequently Asked Questions  \nWhen can I withdraw money from my plan  \naccount?  \nYou may withdraw any amount from your account without penalty when you reach age 59½, even if you have not terminated employment.  \nIf you are not yet 59½, you can withdraw money in the following  \ninstances, but you may be subject to a 10% early withdrawal penalty:  \n• If you rolled in money to your account – you can withdraw rollover amounts at any time  \n• If you terminate employment with your employer  \n• If you have a financial hardship  \nOther Options  \nIf you’re not yet 59½, then a withdrawal may not be the most ideal way to access the money in your 401(k) account. Be sure to review all the options you have available.  \n• Dipping into your 401(k)  \n• Loans FAQ  \n• Hardship Withdrawals FAQ  \nHow do I withdraw money from my plan account?  \nUnless you are applying for a hardship withdrawal, you can use the online form on the Distributions tab of the Retirement Service CenterSM to request a withdrawal.  \n•  Instructions for using the online form to request a withdrawal  \n•  Instructions for using the online form to request a withdrawal and a rollover  \nCan I withdraw money from my account before reaching age 59½ if I have a financial hardship?  \nYes, under certain circumstances. If you have an immediate financial need created by severe hardship and you lack other reasonably available resources to meet that need, then you may be eligible to take a hardship withdrawal in the amount necessary to satisfy your financial need. Review the Hardship Withdrawals FAQ for more information.  \nAre there any fees when I take a withdrawal or distribution?  \nYes. Insperity charges a $50 processing fee for each withdrawal and distribution made from an account.  \nWhat happens to my account when I retire?  \nYour retirement is considered a termination of employment. The three options you have are leaving the  \nmoney in the plan, rolling the money to another qualified plan or taking a lump sum (or a partial distribution if  \nthe plan allows) . If your account has less than $1,000 in it, you may not have the option to leave your money in the plan. Call the help center at 866.715.3552 to find out more.  \nMust I take mandatory distributions when I reach a certain age?  \nIt depends on your circumstances:  \n• If you are retired or own 5% or more of the company, your first RMD must be taken by April 1 of the year after which you turn 73. After that, your RMDs must be taken by December 31 of each year.  \n• If you are 73 or older but are still actively employed and do not own 5% or more of the company, you don’t need to start taking an RMD until you retire or own more than 5% of the company.  \nIf you voluntarily elect to take a distribution of all or a portion of your account in the Plan at any time, the RMD portion will be subject to the standard federal income tax of 10% . To opt out of federal income tax withholding, please complete and submit Insperity’s 401(k) Distribution Withholding form, which is available via the help center at 866.715.3552. If you would prefer a higher tax withholding amount on the RMD, please complete IRS Form W-4P.  \nOnce you become RMD eligible, Insperity will annually issue the RMD amount.","cbCaivB705qGn9PY","https://ap.wps.com/l/cbCaivB705qGn9PY","pdf",102656,"English","# Withdrawals and Distributions FAQ\n## When you can withdraw\n## How to withdraw\n## Hardship withdrawals eligibility\n## Fees and account handling at retirement\n## Mandatory distributions (RMD) and tax withholding","[{\"question\":\"When can I withdraw money from my plan account?\",\"answer\":\"You may withdraw any amount without penalty when you reach age 59½, even if you have not terminated employment. Before 59½, withdrawals may be allowed in specific instances but could be subject to a 10% early withdrawal penalty.\"},{\"question\":\"How do I withdraw money from my plan account?\",\"answer\":\"Unless you are applying for a hardship withdrawal, use the online form on the Distributions tab of the Retirement Service CenterSM to request a withdrawal. You can also request instructions for using the form for a withdrawal and a rollover.\"},{\"question\":\"Are there mandatory distributions (RMDs), and when must they be taken?\",\"answer\":\"Yes, RMD timing depends on circumstances. If retired or you own 5% or more of the company, the first RMD is due by April 1 of the year after turning 73, and subsequent RMDs are due by December 31 each year. If you are 73 or older and still actively employed without owning 5% or more, you generally do not need to start RMDs until you retire or own more than 5%.\"}]","Withdrawals and Distributions - Frequently Asked Questions | PDF",1789812038]