Distribution Procedures & Forms

Boulder Fire & Police MPPP distributions

The various types of distribution transactions available to Boulder Fire & Police participants are as follows.

  • Lump Sum Distribution, Installments and Rollovers out of the Plan upon Separation from Service

  • In-Service Distribution and Rollovers out of the Plan (upon attaining age 50 or greater)

  • Disability (permanent disability resulting from on-duty or off-duty injury or illness) - contact plan administration

  • Qualified Domestic Relations Order or QDRO (for divorce proceedings) - contact plan legal counsel

You are able to enter a request for most distributions on the Fidelity website at www.netbenefits.com or call plan administration for assistance.

Jared Martin jmartin@innovestinc.com 303-694-1900 x309

Cheryl Wilks cwilks@innovestinc.com 303-694-1900 x346

Plan Legal Counsel

Kevin Selzer KASelzer@hollandhart.com 303-295-8094

SEPARATED FROM SERVICE DISTRIBUTIONS

Note about taxation:

  • It is important to note that distributions taken prior to attaining age 59 ½ may be subject to an IRS early distribution penalty tax equal to 10% of the gross distribution. While exemptions to this rule exist (including divorce, early retirement, disability, and rollovers out of the Plan), participants are strongly encouraged to read the Special Tax Notice, contact the Plan Administrator, and/or consult a tax professional for guidance prior to taking a distribution from your Boulder Fire & Police account.

IN-SERVICE DISTRIBUTIONS

All in-service distributions require that you are informed regarding the tax implications and other issues regarding withdrawing funds from your retirement account while you are still an active employee. Jared Martin is a Certified Financial Planner and an investment consultant on the Boulder Fire & Police plan. You can reach Jared at 303-694-1900 x309 or jmartin@innovestinc.com