Yes! You can use AI to fill out Fidelity Advisor 403(b) Distribution Request Form

Applicants often overlook the requirement for a Medallion Signature Guarantee in Section 8. This is mandatory for distributions of $100,000 or more, if the payment address differs from the address of record, or if the address was recently changed. A common error is obtaining a notary stamp, which is not a valid substitute and will lead to the form's rejection. To avoid this, carefully review the conditions and visit a qualified financial institution like a bank or broker-dealer to obtain the correct guarantee, informing them of the transaction value.

Unless the distribution reason is 'Attainment of age 59½', the form requires a signature from an authorized person at the employer or Third-Party Administrator (TPA) in Section 7. People frequently forget to get this signature or have an unauthorized manager sign it, causing the request to be rejected and significantly delayed. Before submitting, confirm if your distribution reason requires this approval and ensure the signature is from an official benefits or HR representative. AI-powered tools like Instafill.ai can highlight required signature fields based on your selections to prevent this oversight.

When selecting a partial rollover or withdrawal in Section 5, users often provide unclear or conflicting instructions for which funds to draw from. For example, they might specify a dollar amount and also check the '100%' box for the same fund. If instructions are not provided, Fidelity will take the distribution proportionally, which may not align with the applicant's financial strategy. To prevent delays for clarification, be precise, specifying either a clear dollar amount or a percentage for each fund, but not both.

In Section 5, Option 1, applicants may enter an incorrect or incomplete name for the receiving custodian/trustee or select the wrong destination account type (e.g., IRA vs. 403(b)). They also may fail to confirm that the new plan will accept the rollover assets as instructed. These errors can cause the rollover to fail, resulting in processing delays or an unintended taxable distribution. Always verify the exact custodian name and account details and confirm the receiving plan's rollover acceptance policy before completing this section.

The form explicitly states in Section 4 that it cannot be used for financial hardship withdrawals. Applicants under stress may miss this note, complete the entire multi-page document, and submit it, only to have it rejected. This wastes significant time and effort, as they must then request and complete the separate 'Fidelity Advisor 403(b) Financial Hardship Distribution Form'. Always read the form's purpose carefully to ensure it matches your needs before filling it out.

In Section 6, some individuals elect not to have federal or state taxes withheld to maximize their immediate cash payment. They often don't realize this decision does not eliminate the tax liability; it merely defers it, potentially leading to a large, unexpected tax bill and underpayment penalties from the IRS. It is crucial to understand that distributions are typically taxable income and to consult the 'Special Tax Notice' or a tax advisor before making a withholding election.

When choosing a Systematic Withdrawal Plan in Section 5, Option 4, applicants may select payment by Electronic Funds Transfer (EFT) but fail to complete and enclose the required separate 'EFT Application'. Checking the box alone is insufficient to set up electronic payments. This oversight results in the payment defaulting to a paper check sent via mail, delaying access to funds. To ensure timely electronic payments, you must submit both the distribution request and the completed EFT form together.

A simple but surprisingly frequent mistake is forgetting to sign and date the form in Section 8. An unsigned or undated application is legally invalid and cannot be processed by Fidelity. This results in an automatic rejection of the request, forcing the applicant to complete and resubmit the form, thereby restarting the entire process. Using a form-filling tool like Instafill.ai can help by flagging mandatory fields like signatures to ensure they are not missed before printing.

Several options in Section 5 allow for depositing funds into a Fidelity Advisor non-retirement account. The instructions note that a new account must be established by completing and attaching a separate application. Applicants sometimes assume the account will be created automatically as part of the distribution, but it is not. This leads to processing delays while Fidelity waits for the new account application. Always ensure the destination account exists or that a completed new account application is attached.

The form instructs users to print clearly in all capital letters. People often ignore this and use mixed or lower-case handwriting. While it may not cause an automatic rejection, it increases the risk of data entry errors by optical character recognition (OCR) systems or manual processors, which can lead to misspelled names, incorrect addresses, or wrong account numbers. Using a tool like Instafill.ai, which can convert flat PDFs into fillable versions, ensures all data is entered in a clean, legible, and standardized format, minimizing processing errors.