Retirement

Withdrawal Request

To make complex pension concepts simple, we have a dedicated Distribution Department to process and communicate loans, withdrawals, and distributions for an employee’s 401(k) Retirement Plan.

Welcome to Trinity Pension Consultants Withdrawal Request Page.

To begin the withdrawal process from your retirement plan, please choose from the options below:
Participant Distribution Request Contact Information
Please include First, Middle Initial and Last Name
Postal Address


This is your former employer who sponsored the plan from which you are making a withdrawal
Please choose between Loan or Withdrawl

Loan:

  • Must be paid back to the Plan based on selected payment schedule
  • The total amount you may take as a loan from the Plan may not exceed 50% of your vested Account Balance
  • Generally, the minimum loan amount is $1,000
  • Your Plan must allow for a loan (please verify with your employer first)

Withdrawl:

  • One time taxable removal of money from your Plan
  • Does not need to be paid back
  • Hardship or In-service withdrawal options
  • Your Plan must allow for a withdrawal (please verify with your employer first)



Please choose between Hardship or In-service

Hardship:

  • Hardship withdrawals are a taxable event
  • If your Plan allows for loans, you must take your maximum loan amount before you are eligible for Hardship Withdrawal. To qualify for a hardship withdrawal you must meet one of the following conditions:
    • Deductible medical expenses incurred by me, my spouse or one or more of my dependents.
    • Purchase of a principal residence for me, excluding mortgage payments.
    • Payment of post-secondary education tuition, room and board and related educational fees for the next 12 months, for me, my spouse, or one or more of my dependents.
    • Prevention of eviction from my principal residence or to prevent the foreclosure of the mortgage on my principal residence.
    • Payment of funeral or burial expenses for my deceased parent, spouse, child or dependent.
    • Payment of expenses to repair damage to my principal residence (provided the expenses would qualify for a casualty loss deduction on my tax return, without regard to 10% adjusted gross income limit).

In-service:

  • In-service withdrawals generally have age requirements; typically you must be 59 1/2 years of age to qualify.
  • If you have money in your Plan that was rolled over from an outside plan the 59 1/2 age restriction may not apply.



Loan Application Request Contact Information
Please include First, Middle Initial and Last Name
Postal Address


This is your former employer who sponsored the plan from which you are making a withdrawal
Hardship Withdrawal Request Contact Information
Please include First, Middle Initial and Last Name
Postal Address


This is your former employer who sponsored the plan from which you are making a withdrawal
In-Service Withdrawal Request Contact Information
Please include First, Middle Initial and Last Name
Postal Address


This is your former employer who sponsored the plan from which you are making a withdrawal

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