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403(b) Transaction
Processing
All transactions require a Transaction
Routing Request form. The Transaction Routing
Request Form provides important information
regarding your request and is vital to ensuring
proper processing.
Distributions
Distribution transactions may include any of the
following: loan, transfer/exchange, rollover,
hardship withdrawal or cash distributions. Each
investment provider requires their own form to be
submitted. You may request distributions by
completing the necessary forms obtained from
your investment product provider, other
necessary documentation as indicated below and
submitting all completed documents to TSACG for
processing.
|
Transaction
Requested |
Forms
needed for Processing |
| Contract Exchanges, Rollovers
- incoming
and outgoing |
Submit
complete investment provider paperwork for
transaction and the following form:
*Completed
Transaction
Routing Request form
(including Box B)
|
| 403(b)
Hardship Withdrawals |
Submit
complete investment provider paperwork for
transaction and the following forms and/or
documentation:
*Completed
Transaction
Routing Request form
*Completed
Hardship
Withdrawal Disclosure form
*Evidence of expenses
equal or more than amount
requesting
Click
here to download the Rules for Hardship
Withdrawal.
Please verify that you have completed Box A
on the form if you are submitting a
transaction for a Financial Hardship
Withdrawal.
Please note that evidence of
expenses MUST be provided for approval of
request
|
| 457(b)
Unforeseen Emergency Withdrawals |
Submit
complete investment provider paperwork for
transaction and the following forms and/or
documentation:
*Completed
Transaction
Routing Request form
*Completed
457
Unforeseen Emergency Disclosure form
*Evidence of expenses
equal or more than amount
requesting
Please verify that you have
completed Box A on the form if you are
submitting a transaction for a 457(b)
Unforeseen Emergency Withdrawal.
Please note that evidence of
expenses MUST be provided for approval of
request
|
| 403(b)
and 457(b) Loans |
Submit
complete investment provider paperwork for
transaction and the following form:
*Completed
Transaction
Routing Request form
(including Box C)
|
|
403(b)
and 457(b) Cash Withdrawal (due to
qualifying event only,
i.e., age 59 1/2 or separation from
service) |
Submit
complete investment provider paperwork for
transaction and the following form:
*Completed
Transaction
Routing Request form
(including Box A) |
Important:
If your rollover or withdrawal request is due to
the qualifying
event
of separation from service your termination date
must be
verified
by your employer.
Contract
Exchanges
As of January 1, 2009, participants may only exchange
their accounts among the Authorized Investment Providers in
the employer’s 403(b) Plan.
After
verifying that the selected new provider is a
current authorized provider, you must complete
any forms required by the provider (usually
supplied by the new provider), as well as a
Transaction Routing Request form. All completed
forms should be submitted to TSACG for
processing.
Return Method
Participants should submit to TSACG all provider
paperwork and the TSACG Transaction Routing
Request form. All paperwork, upon approval, will
be mailed or faxed as directed on the form.
Submitting
Transaction Requests
All transaction requests must be submitted to TSACG via fax or mail
including all necessary forms together.
TSA
Consulting Group, Inc.
Attn: Participant Transaction Department
28 Ferry Rd. SE
Fort Walton Beach, FL 32548
Fax Numbers: 1-866-741-0645 or 1-866-814-0622
TSACG is not responsible for transaction
requests submitted to a misdialed fax number
resulting in personal and private information
being sent to a wrong location. Please check
the fax number carefully before sending
transactions to TSACG.
TSACG
wants to assist you in the most efficient manner
possible. Carefully reviewing all documentation,
verifying that you have signed all necessary
forms, and verifying that you have included any
necessary evidence will help us to reach this
goal and avoid delays that are caused by
incomplete documentation.
Our customer service representatives are
available to assist you at 1-888-796-3786 or recordkeeping@tsacg.com
Participation in the 403(b) plan is
voluntary and should be based on your financial
objectives and resources. Individual investment
strategies should reflect your personal savings
goals and tolerance for financial risk. You may
want to consult a tax advisor or financial
planner before enrolling. Your Employer and
TSACG are not liable for any loss that may
result from your investment decisions.
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