401a requests

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Do these things

Here's how you do that with a link. 

Here's how you do that with a link. 

A loan lets you borrow money from your 401A and pay it back to yourself over time, with interest—the loan payments and interest go back into your account. Loans generally do not incur tax or withdrawal penalties.   

Loans must be initiated through OneAmerica’s participant service center at 1-800-249-6269. 

•  Up to 50% of your vested account balance, with a minimum loan amount of $1,000, up to $50,000 (employee accounts are 100% vested at time of contribution).  
• Employees may only have one active loan at a time.  

•  Loans are paid back through a payroll deduction until the loan is paid off, between 1 – 5 years. The amount of the deduction will depend on the amount of the loan, the interest rate, and the duration of the loan.  
• If employment is ended either voluntarily or involuntarily before the loan is paid off, the remaining balance of the loan is considered a disbursement and may be considered taxable income. Taxes and early withdrawal penalties may apply.  

Please request a distribution by calling OneAmerica at 1-800-249-6269 or use this form: https://oneamerica-prod.na21.smartcommunications.cloud/produce/wizard/ef05aa45-0814-4076-ba5a-9ab6e3a7411b/  

•  Current employees must be at least 59.5 years old.  
• Former employees can rollover their funds at any age.  

•  OneAmerica’s retirement account guidelines no longer allow current employees under 59.5 to rollover their funds while employed with Navarre. Former employees may rollover their funds at any age.   

•  For full rollover distributions: You can rollover all your funds to a qualified retirement account. 
• Partial rollover distributions: Some of your funds are rolled over, with the rest being distributed to a checking or savings account, or as a mailed check.   

 If you are a current employee, and at least age 59.5, please request a distribution by calling OneAmerica at 1-800-249-6269 or use this form: https://oneamerica-prod.na21.smartcommunications.cloud/produce/wizard/ef05aa45-0814-4076-ba5a-9ab6e3a7411b/  

 If you are a former employee, please request a distribution by calling OneAmerica at 1-800-249-6269 or use this form: https://oneamerica-prod.na21.smartcommunications.cloud/produce/wizard/ef05aa45-0814-4076-ba5a-9ab6e3a7411b/  

•  Please request a distribution by calling OneAmerica at 1-800-249-6269 or use this form: https://oneamerica-prod.na21.smartcommunications.cloud/produce/wizard/ef05aa45-0814-4076-ba5a-9ab6e3a7411b/ 
• All requests must be submitted using one of the methods above.  

 Qualifying hardships fall into any of the categories below. Documentation of the hardship is required.  

• Costs related to the purchase of a principal residence (excluding mortgage payments)  
• Payments to prevent eviction from or foreclosure on your principal residence 
• Payment of post high-school education 
• Payment for burial and/or funeral expenses 
• Medical and dental expenses 
• Expenses for repair of casualty damage to a principal residence 
• Expenses for qualified federally declared disaster 

 Up to the amount of your documented financial hardship, not to exceed your account balance.  

• Example 1: You have unpaid medical bills totaling $5,000. You have a vested account balance of $10,000. You may request $5,000.  
• Example 2: You are purchasing a home and need a down payment of $25,000. You have an account balance of $22,000. For a full distribution, you may request $22,000.