Selection Assistant

Please Note: The list below is for general reference only. Your organization’s 403(b)/457(b) Plan(s) may not permit all transaction types listed.

I am seeking to withdraw funds from my 403(b) plan

I am seeking to obtain a cash distribution

You have selected a DISTRIBUTION transaction. IRS regulations allow for any individual who is 59 1/2 years of age and/or separated from service to withdraw funds from their 403(b) plan as a DISTRIBUTION.

I am seeking to move 403(b) funds to an IRA

You have selected a DISTRIBUTION transaction. IRS regulations allow for any individual who is 59 1/2 years of age and/or separated from service to withdraw funds from their 403(b) plan as a DISTRIBUTION.

I am facing a financial hardship, and need an emergency distribution

You have selected a HARDSHIP transaction. A hardship distribution is a distribution of funds from your 403(b) account due to an immediate and heavy financial need. Six circumstances are deemed by the IRS to constitute an immediate and heavy financial need:

  • Medical expenses for the employee or his/her spouse or dependents
  • Costs for the purchase of a principal residence
  • Tuition and related educational expenses for the employee or his/her spouse or dependents
  • Payments necessary to prevent eviction from or foreclosure on a primary residence
  • Burial or funeral expenses for the employee’s parent, spouse, or dependents
  • Repair of damage to the employee’s principal residence
  • Proof of one or more of the above circumstances must be provided before a hardsip can be approved.


I wish to obtain a 403(b) loan

You have selected a LOAN transaction. Please ensure you have spoken with your Service Provider before proceeding to ensure that you are eligible for a loan and agree to the terms of repayment.

I am disabled, and wish to take funds from my 403(b)

You have selected a DISABILITY transaction. Early 403(b) withdrawals are sometimes permissible in the event that you become permanently disabled.

I am seeking to obtain a Service Credit, or to buy-back time

You have selected a SERVICE CREDIT transaction. A SERVICE CREDIT transaction is a transfer of funds from a 403(b) account to purchase service credit in a tax-qualified defined benefit governmental plan.

I am seeking to move my money (to an IRA, 401(k), etc)

I am seeking to move my funds to an IRA

You have selected a DISTRIBUTION transaction. IRS regulations allow for any individual who is 59 1/2 years of age and/or separated from service to withdraw funds from their 403(b) plan as a DISTRIBUTION.

I am seeking to withdraw money from my current/former employer’s 403(b) and move it to a 457 plan

You have selected a DISTRIBUTION transaction. IRS regulations allow for any individual who is 59 1/2 years of age and/or separated from service to withdraw funds from their 403(b) plan as a DISTRIBUTION.

I am seeking to withdraw money from my current/former employer’s 403(b) and move it to another plan type

You have selected a DISTRIBUTION transaction. IRS regulations allow for any individual who is 59 1/2 years of age and/or separated from service to withdraw funds from their 403(b) plan as a DISTRIBUTION.

I have not switched employers, but wish to move money from my current 403(b) Service Provider to another 403(b) Service Provider

I am seeking to move funds from one 403(b) fund company to another fund company under my current employer’s plan

You have selected an EXCHANGE transaction. An EXCHANGE is defined the transfer of your 403(b) assets from one 403(b) Service Provider to another of your employer’s participating 403(b) Service Providers.

I am seeking to move funds from one 403(b) fund company to another fund company under my previous employer’s plan

You have selected an EXCHANGE transaction. An EXCHANGE is defined the transfer of your 403(b) assets from one 403(b) Service Provider to another of your employer’s participating 403(b) Service Providers.

I am seeking to move money from another plan type (IRA, 457, or 401(a), etc) into my current employer’s 403(b) Plan
You have selected a ROLLOVER transaction. A ROLLOVER is defined as moving funds from another form of tax sheltered retirement savings account, such as a 401(k) or IRA, into your 403(b) plan your with one of your employer’s participating 403(b) Service Providers.Please note that the acceptance of Rollover funds into a 403(b) Plan is an option item under an employer’s plan. Please call our Service team at 1-877-544-6664 to verify if your employer allows this transaction.
I am seeking to move money from my former employer’s 403(b) Plan to my current employer’s 403(b) Plan
You have selected a TRANSFER transaction. A TRANSFER is defined as the moving of your 403(b) assets from a plan under a former employer to that of your current employer. Please note that acceptance of a transfer in or out of a 403(b) is an optional item under an employer’s plan. The ability to submit a transfer request does not guarantee approval. You will be notified if this transaction is not allowed by your previous or current employer’s plan.
As part of a divorce, I am to receive/distribute 403(b) assets
You have selected a QDRO transaction. Please mail or fax us your signed Qualified Domestic Relations Order (QDRO) for review and approval and click the link below to fill out the QDRO Request Form.

Address:

U.S. OMNI
220 Alexander Street, Suite 400
Rochester, NY 14607
Fax : 585-756-5557
Attn: Service Provider Team

The Plan Participant has died and I am seeking a distribution from his/her 403(b) account
You have selected a DEATH CLAIM transaction. Please be aware that an original Death Certificate will be required in order to process this transaction. If you have not, send a certified copy or the original Death Certificate to the service provider team.

Address:

U.S. OMNI
220 Alexander Street, Suite 400
Rochester, NY 14607
Attn: Service Provider Team

I am seeking to take my Required Minimum Distribution
You have selected a RMD transaction. The IRS requires participants to make minimum withdrawals each year once they turn age 73 to avoid penalties. Once approved, please hold on to your certificate as it will not expire and can be used for future Required Minimum Distributions without the need to complete the form each year.