Instructions
If CCC is the Third Party Administrator for your 403(b) plan, CCC is required to approve any hardship distribution request. Please review and follow the processing instructions in the attached CCC Hardship Distribution Request Form.
Additional Hardship Distribution Information
Your Employer's 403(b) Plan Document will specify whether or not hardship distributions are allowed under your 403(b) Plan. If allowed under your 403(b) plan, you will also need to confirm that hardship distributions are available under your individual 403(b) annuity contract or custodial account. Prior to January 1, 2009, hardship distributions were transactions that were handled directly between participants and their investment companies. After December 31, 2008, hardship distribution requests under CCC Client Employer 403(b) Plans are processed by CCC. Keep in mind that hardship distributions are not allowed under the 403(b) plans for CCC Plan Document Service Only Clients.
Please be aware that hardship distribution requests must be accompanied by documentation of the expenses associated with the hardship. Please read the Hardship Distribution Information Supplement included with the CCC Hardship Distribution Request Form for a list of eligible circumstances for a hardship distribution and the acceptable documentation.
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