Taking money from your retirement account may not have been in your plans in 2020. But with the new year comes a new start — and we want to help you move forward.
If you took a coronavirus-related distribution (CRD) from your plan in 2020, you can avoid a potential tax hit by putting some or all of the CRD back in your account within three years from the date you took the distribution. We’ve added a CRD repayment form to your retirement account. Just log in and click Forms on the left side of your account overview page. If you have trouble, call our Customer Care team at 800-755-5801.
As a reminder, if you requested a suspension of your loan repayments, those will resume in January 2021. Additional information will be sent separately.