What is considered an unforeseeable emergency (hardship withdrawal)?
For the purpose of this Plan, the term “unforeseeable emergency” means a severe financial hardship to the Participant resulting from a sudden and unexpected illness or accident of the Participant or of a dependent of the Participant, or loss of the Participant`s property due to casualty or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant. The circumstances that constitute an unforeseeable emergency will depend on the facts of each case. Back to Top Investment options offered through a retirement plan are long-term investments designed for retirement purposes. Money distributed will be taxed as ordinary income in the year the money is received. Account values fluctuate with market conditions, and when surrendered the principal may be worth more or less than its original amount invested. Prospectuses that contain additional information are available through your local SBA representative. Third Party Administra
