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What is a De Minimis Distribution and how do I qualify?

April 26, 2017distribution minimis qualify

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What is a De Minimis Distribution and how do I qualify?

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A De Minimis Distribution means that you are eligible to receive an in-service distribution if your account balance is $5,000.00 or less and there has been no deferral activity in the account for two or more years. This type of distribution can only be made to a participant one time.