How Do I Request a Distribution After Termination?

Distributions can be requested online using the HowardSimon Retirement Portal. Distributions can be requested via:

1. Online Request - Details provided below

2. Via Paper Form - Paper forms can be obtained from your previous employer's Human Resources (HR) department. Return the completed form to your previous employer's HR department, and they will forward it to us for processing.

Be sure to review the Special Tax Notice Regarding Plan Payments which discloses the tax implications of each method of distribution.   The notice can be found under Annual Notices, Forms and Fee Disclosures and the Form Group: Distribution Forms.

To initiate your online distribution request from your participant dashboard, choose the Loans and Distributions menu.

Next, using the dropdown under Termination Distribution, select the termination type.

Once the termination type has been selected, the GET STARTED button will appear.  Select this button to move to the next step.

The Account Balance Summary will provide a detail of your balance by each contribution source (Pre-tax, Roth, Employer) and the amount that you are vested in each of those sources.  If you believe that your balances are not correct, please send an email to [e-mail] or phone us at 800-424-7526.  If you have an outstanding loan, please be sure to review the NOTE ABOUT LOANS.  Once you have reviewed your balances, select Next.

Review the address information we have on file for you.  If all address information is correct, please select Next. If the address information is not correct, please see How Do I Update My Name and/or Address? before proceeding.

Next, you will select how the funds should be distributed:

1. A lump sum cash payment to you - Note: applicable taxes will be withheld

2. Rollover to an Individual Retirement Account (IRA) or a qualified plan with another employer

3. A combination of 1 and 2

If you have both Pre-tax and Roth funds, you will need to enter payment details for both.

Next, select the payment method for the receipt of funds.   

Enter the mailing information for the check or the account numbers for electronic delivery via ACH.   Select Save and then Next.

Next, review the certification statements regarding your distribution.  Once you have reviewed, select the box and then choose Next.

You will have one final opportunity to review your distribution instructions.  Please be sure to review the details carefully and select Back if any changes are needed.  If everything looks correct, select Submit.

You will receive a confirmation page indicating your request has been submitted successfully.  

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