Fill out Empower Retirement forms
with AI.

These forms are essential documents used to manage your 401(k) or other retirement accounts handled by Empower. They facilitate various financial transactions such as withdrawing funds, authorizing payments to service providers, or managing account transitions during a recordkeeper change.

Your choice depends on your specific goal: use the Withdrawal Request Form if you are taking money out of your plan, and use the Payment Request Form if you are an authorized representative paying a service provider from plan assets. For those transitioning an existing 401(k) to Empower, reviewing the conversion FAQ is the best first step to understand the process.

Yes, AI tools like Instafill.ai can be used to fill out these forms in under 30 seconds by accurately extracting data from your source documents. These tools can also convert static, non-fillable PDFs into interactive forms, making the process much more efficient than manual entry.

This form is required whenever a participant needs to access their retirement savings, whether for a hardship withdrawal, a loan, or a distribution after leaving an employer. It ensures that the payout method and tax withholdings are handled according to federal regulations and specific plan rules.

This form typically requires the signature of an authorized plan representative to confirm that the expense is legitimate and reasonable. It is used to pay third-party administrators, auditors, or legal counsel directly from the plan's assets rather than the employer's general funds.

Processing times vary depending on the complexity of the request and the specific rules of your employer's retirement plan. While filling the forms takes less than a minute with AI tools, Empower generally processes distributions and payments within a few business days to a few weeks after receiving all required documentation.

You will generally need your personal identification details, your plan or account number, and specific instructions regarding the transaction amount or payout method. If you are requesting a payment to a third party, you will also need the payee's contact and banking information.

Yes, most retirement plan distributions are subject to federal and sometimes state income tax withholding. The withdrawal forms include sections where you must specify your withholding preferences to ensure compliance with IRS regulations and avoid unexpected tax liabilities.

During a recordkeeper conversion, you should review the conversion FAQ document provided to understand the 'blackout period' and how to set up your new online account. You may also need to fill out updated beneficiary or contribution forms once the transition is complete to ensure your account settings remain accurate.

Many Empower forms can be uploaded through their participant portal or submitted via secure email once they have been filled out and signed. Using digital tools to prepare the documents ensures that they are legible and complete, which helps prevent administrative delays in processing your request.

Automation is possible through AI-powered services like Instafill.ai, which can map data from your existing records directly into the correct fields on the PDF. This reduces the risk of manual errors and significantly speeds up the time it takes to prepare documents like payment or withdrawal requests.