COVID-19 Distribution Request Form - ABA Retirement Funds: Fill out & sign online

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Click ‘Get Form’ to open the COVID-19 Distribution Request Form in the editor.
Begin by filling out your Account Information. Include your Plan Name, Plan ID, and contact details such as phone numbers and Social Security Number.
In Section 2, indicate your Qualification for Distribution by checking the appropriate box that applies to your situation, such as Termination of Employment or Financial Hardship.
If claiming an inheritance, complete Section 3 with the Beneficiary's information, including their relationship to the participant and necessary documentation like a death certificate.
Proceed to Section 4 for Required Minimum Distributions (RMD). Select whether you want to satisfy the RMD now or defer it.
In Section 5, make your Distribution Elections. Choose between total rollover or cash distribution options based on your needs.
Review Sections 8 and 9 regarding Income Tax Withholding and Qualified Joint and Survivor Annuity requirements before signing at the end of the form.

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Versions	Form popularity	Fillable & printable
2021	4.6 Satisfied (53 Votes)
2020	4.3 Satisfied (56 Votes)
2019	4.2 Satisfied (65 Votes)

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What is a retirement distribution request?

A retirement plan distribution occurs when you withdraw money from the plan. There are several different types of distributions, including early distributions, rollover distributions and Required Minimum Distributions.

What is the COVID relief for IRA distributions?

The CARES Act waives required minimum distributions (RMDs) during 2020 for IRAs and retirement plans, including for beneficiaries with inherited IRAs and accounts inherited in a retirement plan. This waiver also includes RMDs if you turned age 70 in 2019 and took your first RMD in 2020.

Can I still take a COVID hardship withdrawal from my 401k?

For example, under section 2202 of the CARES Act, a section 401(k) plan may permit a coronavirus-related distribution, even if it would occur before an otherwise permitted distributable event (such as severance from employment, disability, or attainment of age 59).

Can I take money out of my 401k during COVID?

Normally, any withdrawals from a 401(k), IRA or another retirement plan have to be approved by the plan sponsor, and they carry a hefty 10% penalty. Any COVID-related withdrawals made in 2020, though, are penalty-free. You will have to pay taxes on those funds, though the income can be spread over three tax years.

Who are qualified individuals for coronavirus-related distributions?

Qualified individuals were defined as individuals (1) who tested positive for COVID-19 or those with a spouse or dependent who tested positive for COVID-19; (2) facing financial difficulties due to being quarantined, furloughed, laid off, or unable to work due to lack of child care or reduced work hours as a result of