If your employer offers hardship distributions, you may be able to start the application through Fidelity NetBenefits. Follow these steps to request a hardship withdrawal from Fidelity 401k. Step 1: Log In to Fidelity NetBenefits Visit the official Fidelity NetBenefits website at https://nb.fidelity.com. Sign in using your username and password. If you have not registered, follow the instructions to establish online access. Step 2: Select Your 401(k) Retirement Plan After logging in, find your employer-sponsored retirement account. Review your account balance and available withdrawal options. Remember that your total retirement balance may be different from the amount eligible for hardship withdrawal. Step 3: Find the Withdrawal Section Look for a section labeled "Loans or Withdrawals" or a similar option. The exact wording may vary by employer and plan. Choose the withdrawal feature and review available distribution types. Step 4: Select Hardship Withdrawal If your plan offers hardship distributions, select the appropriate option. You may need to identify the qualifying reason for your request. Provide accurate information about your financial circumstances. Step 5: Enter Your Withdrawal Amount Enter the amount necessary to meet your qualifying financial need. For example, if you have $5,000 in eligible medical expenses, your requested withdrawal should generally reflect that need. Applicable rules may permit additional amounts for reasonably anticipated taxes and penalties. Step 6: Upload Required Documents Depending on your plan, supporting documents may include: Medical bills Foreclosure or eviction notices Tuition statements Funeral invoices Eligible home repair estimates Some retirement plans permit participant certifications instead of requiring every supporting document with the initial application. Step 7: Review and Submit Your Request Check your withdrawal amount, financial details, payment information, and tax notices.
