Charles 401K Distribution Form – Fill Out and Use This PDF

The Charles 401K Distribution Form is a crucial document for individuals seeking to request a distribution from their Schwab Individual 401(k) Plan. It provides a structured way to specify the type of distribution—be it due to retirement, hardship, or other qualifying reasons—and outlines the methods for receiving the payment, whether through direct deposit, mail, or rollover into another account. Ready to take the next step in managing your retirement savings? Fill out the Charles 401K Distribution form by clicking the button below.

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Charles 401K Distribution Form PDF Details

The Charles 401K Distribution Request Form is a detailed document designed to streamline the process of distribution for account holders. It encompasses several crucial sections including Account Holder Information, Employer Information, and detailed reasons for distribution such as Normal Retirement Age, Termination of Employment, Disability, Hardship, Plan Termination, and others, ensuring a tailored approach to various individual needs and circumstances. Additionally, it outlines options for payment, from lump-sum, partial, to periodic distributions, and stipulates methods for receiving payments, highlighting the flexibility in managing retirement assets. The form also delves into specifics such as direct rollovers to Schwab or non-Schwab IRAs, qualified retirement plans, and the option for non-spouse beneficiaries to roll over to a Schwab Inherited IRA or convert to a Roth IRA, with emphasis on compliance and ease of transfer. Furthermore, it includes provisions for excess deferral rectifications and Qualified Domestic Relations Order (QDRO) distributions, covering a wide spectrum of possible user scenarios. Distinct instructions for investment advisors and clients without advisors on the sale of securities for cash distributions, alongside detailed payment instructions, ensure that account holders are well-informed on the steps required to complete their distribution requests effectively. By integrating a comprehensive array of distribution reasons, payment options, and recipient specifications, the Charles 401K Distribution Request Form embodies a thorough approach to catering to diverse client needs in managing their retirement funds.

Question	Answer
Form Name	Charles 401K Distribution Form
Form Length	11 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	2 min 45 sec
Other names	charles withdrawal form, charles 401k distribution form, schwab form to cash out a deceased ones retirement, charles schwab 401k withdrawal

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Individual 401(k) Distribution Request Form

Page 1 of 7

www.schwab.com 1-800-435-4000 (inside the U.S.) +1-415-667-8400 (outside the U.S.) 1-888-686-6916 (multilingual services)

Clients of Investment Advisors: Contact your advisor directly or call Schwab Alliance at 1-800-515-2157.

1.		Account Holder Information (Required)

	Name First		Middle		Last

	Schwab Account Number		Social Security Number		Telephone Number


2.		Employer Information (Required)

	Employer Name			Employer Identification Number (EIN)


3.		Distribution Reason
	Choose one.

Normal Retirement Age

Age 59½ or older

Termination of Employment

In-Service Withdrawal: Two-Year Rule

Select for a withdrawal of vested Employer contributions (not including Elective Salary Deferrals) that have been in the Plan for at least two full Plan years (24 months). See Section 5.01(C)(1) of the Basic Plan Document.

In-Service Withdrawal: Five-Year Rule

Select for a withdrawal of vested account balance (not including Elective Salary Deferrals and allocable income) if you have participated in the Plan for at least five years (60 months). See Section 5.01(C)(1) of the Basic Plan Document.

Disability

Permanent disability within the meaning of IRS Section 72(m)(7). Consult your tax advisor.

Hardship

Select for Distribution Due to Hardship as described in the Basic Plan Document, Section 5.01(C)(2). Available only if your plan’s Adoption Agreement permits hardship distributions. Note: Hardship distributions are not eligible for rollover.

Plan Termination

Distribution of Rollover Contribution

This distribution reason is only for rollover assets or transferred assets that were previously rolled into this account. Caution: This is only a distribution reason for previously rolled over assets or transferred assets from an outside plan and does not allow for distributions of employer or salary deferral contributions from this account.

Death

Attach the following documents and complete the recipient information requested below.

1.Certified copy of the death certificate

2.Individual 401(k) Account Application (You must first open an Individual 401(k) account in your name for tax reporting purposes.)

3.Inherited IRA Account Application (required if rolling over to a Schwab Inherited IRA)

4.If there are multiple beneficiaries, each beneficiary must complete a separate Individual 401(k) Distribution Request Form.

Note: Other documents may be required. Call Schwab Estate Distribution Services at 1-888-297-0244 to discuss your individual situation.

Individual 401(k) Distribution Request Form

Page 2 of 7

Name of Recipient First		Middle		Last

Home/Legal Street Address (no P.O. boxes)

City		State		Zip Code

Telephone Number	Work Number		Mobile Number

Date of Birth (mm/dd/yyyy)Social Security Number

Country(ies) of Citizenship (Must list each separated by a comma.)

USA

Other:

Relationship to Participant Country of Legal Residence (Select only one.)

USA Other:

Qualified Domestic Relations Order (QDRO)

Attach the following documents and complete the recipient information requested below.

1.Final QDRO

2.Individual 401(k) Account Application (The recipient must first open an Individual 401(k) account in their name for tax reporting purposes.)

3.Schwab IRA Account Application (if assets are to be rolled over to a new IRA at Schwab)

Note: Other documents may be required. Call Schwab Estate Distribution Services at 1-888-297-0244 to discuss your individual situation.

Name First		Middle			Last

Street Address (no P.O. boxes)

City		State			Zip Code

Telephone Number	Date of Birth (mm/dd/yyyy)			Social Security Number

Relationship to Participant			Country of Citizenship (If other than U.S.A.)
			Country of Citizenship (If other than U.S.A.)

Country of Legal Residence (If other than U.S.A.)

Excess Deferral

Choose appropriate reason and enter deferral, earnings, and total amount to be distributed.

Prior Year

Code P—Deferral/Code 8—Earnings

Current Year

Code 8—Deferral/Code 8—Earnings

Enter excess deferral amount $

+ Earnings $

= Total $

Individual 401(k) Distribution Request Form

Page 3 of 7

4. Payment Options

You may request a lump-sum, partial, or periodic distribution from your Schwab Individual 401(k). If you need to sell securities to complete a cash distribution, please do so before submitting this distribution form. If you have an Investment Advisor (IA), contact your Advisor to make your trade(s). All other clients may place your trades on Schwab.com at a discounted commission rate or call us at 1-800-435-4000 to place your trades with a broker.

Are you requesting a direct rollover distribution from your Schwab Individual 401(k) account?

Yes

Choose one.

Partial Payment $

Periodic Payment

This option is available only for distributions of cash when the vested account balance is more than $1,000.

Complete the following information:

I would like to schedule a periodic payment in the amount of $	to begin on
and continue until I instruct otherwise.		(mm/dd/yyyy)

Frequency Monthly

Quarterly

Semiannually

Annually

Lump-Sum Payment (distribute entire balance)

Note: Your account will be closed upon distribution of your entire balance.

Investment Advisor Information Access (Optional)

Complete this section if you want your IA to have access to information about your account after you remove the account from your IA's management ("delink") or close it.

After delinking or closing the account, I authorize my IA to receive the information specified below, at IA's request (select all that apply):

Tax reporting information produced for my account while my account was under IA's management through the end of the calendar year (yyyy)

Account statements, beginning with the month that the IA began to manage my account, through the end of the calendar month (mm/dd/yyyy)

Trade confirmations, beginning with the date that the IA began to manage my account, through (mm/dd/yyyy)

Individual 401(k) Distribution Request Form

Page 4 of 7

5. Payment Instructions

If you need to sell securities to complete a cash distribution, please do so before submitting this distribution form. If you have an Investment Advisor, contact your Advisor to make your trade(s). All other clients may place your trades on www.schwab.com at a discounted commission rate or call us at 1-800-435-4000 to place your trades with a broker.

Choose one.

Distribute from my sweep money market fund balance.

Transfer specific shares of securities.

List securities in the boxes below. Additional securities should be listed on a separate sheet of paper. Please allow approximately two weeks to process these distributions.

1. Name of Security		2. Name of Security
	# of Shares		# of Shares

	or $ Amount		or $ Amount

3. Name of Security		4. Name of Security
	# of Shares		# of Shares

	or $ Amount		or $ Amount

5. Name of Security		6. Name of Security
	# of Shares		# of Shares

	or $ Amount		or $ Amount

Note: The value of the distribution (including securities) will be determined using the most recent market price received by Schwab when this form is processed.

6. Payment Method

Please tell us how you want to receive your payment. Choose one option.

Directly deposit my distribution to my Schwab non-retirement account number:

Mail my distribution

To the address listed on my account

To the address indicated in the "Distribution Reason" section

To the address indicated below:

Street Address (no P.O. boxes)

City

State

Zip Code

Direct Rollover

Choose one option from subsection A or B below and provide the information, as applicable.

If you choose a Direct Rollover option below, Section 7 does not apply.

A. Participant and Spouse Beneficiary only:

Direct Rollover of an eligible distribution to my existing Schwab Traditional IRA or Qualified Retirement Plan

Account Number

Direct Rollover of an eligible distribution to a new Schwab Traditional IRA

Complete and attach the Schwab IRA Account Application.

Direct Rollover of an eligible distribution to my non-Schwab Traditional IRA or Qualified Retirement Plan account

Individual 401(k) Distribution Request Form

Page 5 of 7

Type of Account
	IRA	Qualified Retirement Plan
	IRA	Qualified Retirement Plan

Name on Account				Account Number

Institution Name				Phone Number of Institution

Institution Mailing Address (no P.O. boxes)

City			State		Zip Code

ABA Number				Name of Plan (if applicable)

B. Non-Spouse Beneficiary only:

Direct Rollover of an eligible distribution to a Schwab Inherited IRA

Complete and attach the Schwab Inherited IRA Application.

Direct conversion of an eligible distribution to my Schwab Roth IRA

Select One

Convert to my existing Schwab Roth IRA account number:

Convert to a new Schwab Roth IRA

Complete and attach the Schwab IRA Account Application.

Wire Transfer

You may be charged a wire transfer fee. Call 1-800-435-4000 for details.

For clients of Investment Advisors, speak to your IA.

Type of Account
	IRA	Qualified Retirement Plan
	IRA	Qualified Retirement Plan

Name on Account				Account Number

Institution Name				Phone Number of Institution

Institution Mailing Address (no P.O. boxes)

City			State		Zip Code

ABA Number				Name of Plan (if applicable)

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Step 1: To begin with, click on the orange "Get form now" button.

Step 2: Now it's easy to update your charles withdrawal form pdf. The multifunctional toolbar permits you to insert, remove, transform, and highlight content or carry out several other commands.

Make sure you type in the next details to complete the charles withdrawal form pdf PDF:

filling in charles individual form step 1

Fill in the Distribution Reason Choose one, Normal Retirement Age Age or older, Termination of Employment, InService Withdrawal TwoYear Rule, InService Withdrawal FiveYear Rule, Disability Permanent disability, Hardship Select for Distribution, Plan Termination, Distribution of Rollover, Attach the following documents and, Certified copy of the death, Individual k Account Application, Inherited IRA Account Application, and If there are multiple field with the particulars required by the system.

part 2 to finishing charles individual form

You're going to be asked to write down the data to help the program fill out the area Charles Schwab Co Inc All rights.

part 3 to filling out charles individual form

The Name of Recipient First, Middle, Last, HomeLegal Street Address no PO, City, State, Zip Code, Telephone Number, Work Number, Mobile Number, Date of Birth mmddyyyy, Social Security Number, Relationship to Participant, Countryies of Citizenship Must, and Country of Legal Residence Select field is the place to add the rights and responsibilities of both sides.

part 4 to completing charles individual form

Finish by looking at the following areas and completing them as required: Note Other documents may be, Name First, Middle, Last, Street Address no PO boxes, City, State, Zip Code, Telephone Number, Date of Birth mmddyyyy, Social Security Number, Relationship to Participant, Country of Citizenship If other, Country of Legal Residence If, and Excess Deferral.

charles individual form Note Other documents may be, Name First, Middle, Last, Street Address no PO boxes, City, State, Zip Code, Telephone Number, Date of Birth mmddyyyy, Social Security Number, Relationship to Participant, Country of Citizenship If other, Country of Legal Residence If, and Excess Deferral blanks to fill

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