ARTICLE TAKEAWAYS
Employers with 403(b) plans may need to confirm that a participant is eligible to take a distribution from the plan.
Employer confirmation is required for the following distribution types:
*Employer confirmation may not be required if:
An employer can confirm the participant’s or plan’s status by:
For plan terminations, the 403(b) Plan Termination form is required.
All types of employer confirmation require certification of the employer’s signature.
Long term:
The following documents can certify employer confirmation and remain on file for future distributions:
Short term:
You may also provide a signature guarantee of the employer’s signature on a distribution request. This type of confirmation is for a single use only. It does not remain on file for future distributions.
For financial professionals only. Not for use with the public.
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Use of this website is intended for U.S. residents only.
The guidelines and procedures provided in the Account Resource Center may not apply to networked accounts or accounts not directly held by American Funds. The guidelines and procedures provided also apply only to those retirement accounts or Coverdell ESAs invested in American Funds with Capital Bank and Trust Company (CB&T) as custodian. The guidelines and procedures provided in the Account Resource Center do not apply to plans held in our retirement plan solutions — PlanPremier, PlanPremier-TPA or RecordkeeperDirect. Information on the Account Resource Center may change periodically, and previously printed information may not be current. Please refer to capitalgroup.com for the most current information available.
Financial professionals should always contact their back office to determine if there are any restrictions on the use of American Funds products, tools, services, websites and literature.