Make a Withdrawal
You can make a withdrawal from your account two ways:
You may request a withdrawal from your account online that will be sent directly to your bank account via Automated Clearing House,* as long as your banking information has been on file with your account for at least 30 days and your address has not changed within the last 30 days. The Disclosure Booklet also contains a discussion of the tax implications, if any, of taking various types of withdrawals from the Plan.
Withdrawals from a Matching Grant account cannot be done online. A completed withdrawal request form must be filled out and mailed to the address on the form.
*Automated Clearing House payments may take several days to be deposited into your bank account.
Non-qualified withdrawals are subject to income taxes and the federal additional 10% tax.