Potential 401(k) Distribution Options for Those Impacted by Recent Hurricanes

Date: November 22, 2022
Type: AFA Article

For those of us impacted by the recent hurricanes (Fiona, Ian & Nicole), it is undeniable that the damage has been devastating and may present financial challenges.  In an effort to assist in this recovery, you may have 401(k) distribution options available to you.

It is strongly recommended that anyone considering such a request take the time to review eligibility requirements, process and the paperwork required when requesting a distribution before taking any money from your retirement account.

Please note:  if you are requesting a withdrawal due to Hurricane Fiona in Puerto Rico, any distribution must be completed by December 31, 2022.  In order to accomplish this, Fidelity must receive your Disaster Distribution Form & Certification Statement in good order by December 16, 2022, to allow sufficient time for processing.

For more information on a hardship withdrawal, contact Fidelity at 800 245 9034 or visit www.netbenefits.com.

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