Making Full or Partial
Withdrawals

Your balance in the 403(b) Savings Plan is always vested, and completely portable. That means that after leaving Y employment at any age and any balance, you can roll your savings into another eligible retirement plan or IRA. While you’re working at a participating Y, you may also be able to take a hardship withdrawal or a loan from your balance. Click the buttons below for more information on each option. 

The ability to withdraw your savings in the 401(a) Retirement Plan depends heavily on the type of account, its balance, its vesting status, and your age.  

First things first, you are always able to withdraw savings from the following accounts regardless of employment status, age, and balance. These accounts represent savings that you personally contributed to the Plan, and you are vested in those contributions and the interest earned on them.

• After-Tax Account
• Rollover Account (rollovers made before 3/1/2003)

To withdraw your savings from the other accounts in the 401(a) Retirement Plan, you must no longer be working for a Y, amounts in the account must be vested, and you must satisfy any criteria listed below.  

Personal Account

• Always 100% vested and eligible for withdrawal after you leave the Y.

YMCA Account

• If you’re under age 55, you can only withdraw from this account if your vested balance in the account is $5,000 or less.
• If you turned age 55 on or after July 1, 2022, you can withdraw from this account if your vested balance is $100,000 or less

YMCA Account (Legacy)

• At any age, you can only withdraw from this account if your vested balance is $25,000 or less at the time you leave the Y
• If you turned age 55 on or after July 1, 2022, you can withdraw from this account if your vested balance is $100,000 or less when you request the withdrawal, provided you do not have a YMCA Account as well

Both the YMCA Account and YMCA Account (Legacy)

• If you turned age 55 on or after July 1, 2022, you can with from these accounts if your combined vested balance in both accounts is $100,000 or less  

Did you turn age 55 on or before June 30, 2022? You may withdraw from any of your vested 401(a) Retirement Plan accounts regardless of balance after you leave the Y.

What about Unvested Balances?

You cannot withdraw unvested savings from your 401(a) Retirement Plan at any time. If you leave Y employment, that savings will continue to grow with daily compounding interest until you return to work at a participating Y or enough time has passed that it forfeits. Learn more about what happens to your savings when you leave Y employment.  

Are Partial Withdrawals Available?

Yes. You may be able to take a partial withdrawal from your account(s) after you leave the Y if you meet the requirements above for taking a full withdrawal, and:  

• You have a vested balance of more than $10,000 in the Plan,
• The withdrawal is at least $5,000, and
• The withdrawal does not result in your vested balance dropping to $5,000 or below.

Only one partial withdrawal per Plan is allowed in a three-month period, and you may take up to four partial withdrawals from the same Plan in a 12-month period. There is no cost for the first and second partial withdrawal, however, a $50 processing fee will be charged for the third and fourth partial withdrawal within a 12-month period.