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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
product 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.
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Transaction
Requested |
Forms
needed for Processing |
| Contract Exchanges, Rollovers
- incoming
and outgoing |
Submit
complete provider paperwork for
transaction and the following form:
*Completed
Transaction
Routing Request form
(Original forms may be required by the
provider.) |
| Transfers |
Submit
complete provider paperwork for
transaction and the following form:
*Completed
Transaction
Routing Request form
(Original forms may be required by the
provider.) |
| 403(b)
Hardship Withdrawals |
Submit
complete 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 note that evidence of
expenses MUST be provided for approval of
request
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| 457(b)
Unforeseen Emergency Withdrawals |
Submit
complete 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 note that evidence of
expenses MUST be provided for approval of
request
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| 403(b)
and 457(b) Loans |
Submit
complete provider paperwork for
transaction and the following form:
*Completed
Transaction
Routing Request form
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|
403(b)
and 457(b) Cash Withdrawal (due to
qualifying event only,
i.e., age 59 1/2 or separation from
service) |
Submit
complete provider paperwork for
transaction and the following form:
*Completed
Transaction
Routing Request form |
| Transfer -
Purchase of Service Credit |
Submit
complete provider paperwork for
transaction and the following forms:
*Completed
Provider Paperwork
*Completed State Retirement System Documents
*Completed Transaction
Routing Request form
(Original forms may be required by the
provider and/or retirement system.)
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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.
Including a copy of a termination
letter
from your employer that verifies the date and
will help to
expedite
your request. Failure to include this
information may
result
in delays in processing, as TSACG will have to
request
termination
date verification from the employer and await
response
in order to process your request.
Transfers
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.
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: 1-866-741-0645
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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