ICMA-RC Ready to Assist Plan Sponsors and Participants Affected by Natural Disasters
June 25, 2008
While thousands of people in the Midwest and in California begin the difficult task of rebuilding their lives and their homes following devastating floods and wildfires, ICMA-RC is working with plan sponsors to make emergency relief available to plan participants through their retirement plans.
Participants in 457 deferred compensation plans may apply for an emergency withdrawal of their funds to use in restoring property damaged by the recent natural disasters. Participants in 401(k) plans may also apply for a hardship withdrawal. Participants in 401(a) plans may take loans if their plans have a loan provision.
To discuss your plan's withdrawal options or to approve withdrawals for your participants, you can contact our Client Services team at 800-326-7272. To apply for a 457 emergency withdrawal, your participants may download and complete an emergency withdrawal form and fax it to our office at 202-682-6439. Participants can contact our Investor Services team at InvestorServices@icmarc.org or 800-669-7400 to request a 401(k) hardship withdrawal form, a 401(a) loan application form, or for assistance completing the withdrawal form. We will work with participants to expedite their requests.
ICMA-RC stands ready to assist plan sponsors and participants during this difficult time.
ICMA-RC Resources
- Contact ICMA-RC:
- Midwest Territory Office in Libertyville, IL
- Northern California Territory Office in San Jose, CA
- Headquarters in Washington, DC
- ICMA-RC 457 Emergency Withdrawal Packet (191K PDF)
- Plan Sponsors: Contact Client Services at 800-326-7272 to discuss your plan's withdrawal options.
- Participants: Contact Investor Services at 800-669-7400 for a 401 Withdrawal Packet.