Plan 3 Member Withdrawal 401(A) Plan - Washington

Plan 3 Member Withdrawal 401(A) Plan is a legal document that was released by the Washington State Department of Retirement Systems - a government authority operating within Washington.

FAQ

Q: What is a 401(a) plan?A: A 401(a) plan is a type of employer-sponsored retirement plan.

Q: What is Plan 3 Member Withdrawal?A: Plan 3 Member Withdrawal is a specific type of withdrawal option available to participants in the 401(a) Plan in Washington.

Q: Who is eligible for Plan 3 Member Withdrawal?A: Participants in the 401(a) Plan in Washington who meet the eligibility criteria are eligible for Plan 3 Member Withdrawal.

Q: What are the eligibility criteria for Plan 3 Member Withdrawal?A: The eligibility criteria for Plan 3 Member Withdrawal are determined by the Washington State Department of Retirement Systems. It is recommended to contact them directly for specific details.

Q: How does Plan 3 Member Withdrawal work?A: Plan 3 Member Withdrawal allows participants to withdraw funds from their 401(a) Plan account under certain circumstances, such as termination of employment or retirement.

Q: Are there any tax implications for Plan 3 Member Withdrawal?A: Yes, there may be tax implications for Plan 3 Member Withdrawal. It is advisable to consult a tax professional for specific guidance.

Q: Can I roll over the funds from Plan 3 Member Withdrawal to another retirement account?A: Yes, it may be possible to roll over the funds from Plan 3 Member Withdrawal to another eligible retirement account. Contact the Washington State Department of Retirement Systems for more information.