When can I distribute my account?

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When can I distribute my account?

A participant is entitled to a distribution from their account upon the occurrence of certain events, technically known as distributable events. Some common distributable events are:

  • termination of employment (including death or disability of the participant)
  • normal or early retirement
  • meeting the requirements for a hardship distribution (if the plan allows)
  • attainment of age 70½