Request a Hardship
 Hardship Calculator
 
Gross Hardship Distribution :    
Federal Tax Withholding :   20%
Massachusetts State Withholding :   5.3%
Net Payment to You :    
Federal Penalty Due at Tax Time :   10%
   
In general, you may take a Hardship Distribution from your plan. If your plan allows loans, you must use the loan feature before you request a Hardship Distribution.
In order to request a Hardship Distribution you must provide documentation of one of the following financial hardships.
  1. Home Purchase
  2. Foreclosure/Eviction
  3. Healthcare
  4. Education
Currently, all distributions from retirement plans are subject to taxes and, if you are younger than 59 ½, penalties.
These are general rules regarding Hardship Distribution for specific rules please request an SPD.
 Request a Hardship
 
Employer :  
Participant Name : 
Participant Address :  
City :  
State :  
Zipcode :  
Amount :    or Maximum Allowed
Hardship :    
  Home Purchase
  Foreclosure/Eviction
  Healthcare
  Education
If you Submit your Hardship request you will be charged a $75.00 Hardship Application fee. Please do not Submit your request unless you are absolutely ready to take a Hardship Distribution. Thank you.
 
   
Beacon Benefits, Inc. will process your request for either the amount requested or the maximum allowed, if less than your request.

Please remember your employer must authorize any plan distribution.

Please remember to provide documentation of your hardship when you submit your forms.
 
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Beacon Benefits, Inc. Willowdale
205B Willow Street South Hamilton, MA 01982
phone 978.468.1555 fax 978.468.2221 email: info@beacon-benefits.com
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