Benefits Human Resources

Hardship (contributions only, no earnings)

If age 59 1/2 and qualify for hardship; (medical expenses, purchase of principal residence, secondary ed expenses, prevent eviction/foreclosure)

Medical expenses; purchase a principal residence; tuition, room and board for secondary ed; prevent eviction or foreclosure. Includes 10% penalty if taken before age 59 1/2

Sudden and unexpected illness or accident expenses; other extraordinary and unforeseeable circumstances beyond employee's control (Fill out University Hardship Certification after initiated, Fidelity only)

Emergency Expense (Fidelity only)

May withdraw up to $1,000 once every 3 years (every 1 year if recontributed) for personal or family emergency expenses. Limit applies across all University plans combined. Employee's signed forms must be submitted to HR for processing

Same as 401a (fully vested*)

Same as 401a (fully vested*)

Domestic Abuse (Fidelity only)

Available to victims of domestic abuse. Maximum withdrawal: the lesser of $10,500 (subject to change due to inflation) or 50% of the eligible account balance. Limit applies across all University plans combined. Available once every 12 months or until the maximum amount is reached. Employee's signed forms must be submitted to HR for processing

Same as 401a (fully vested*)

Same as 401a (fully vested*)

Qualified Disaster Recovery (Fidelity only)

Available if primary residence was in a federally declared disaster area and incurred an economic loss. Withdrawal limit: the lesser of $22,000 or the documented loss amount. Limit applies across all University plans combined. Must be taken within 179 days after the later of: The start of the disaster incident period, or The federal disaster declaration date. Employee's signed forms must be submitted to HR for processing

Same as 401a (fully vested*)

Same as 401a (fully vested*)