Eligible Participants who are vested in the Motion Picture Industry Individual Account Plan (“IAP” or “Plan”) as of the year ending December 2023 will be able to apply for a one-time special early withdrawal of up to 20% of their 2023 IAP account balance. This amount is not to exceed a maximum dollar limit of $20,000. This is a one-time hardship withdrawal provision. Applications must be submitted by December 31, 2024.
More details about IAP Hardship Withdrawal relief can be found here.
The IAP Hardship Withdrawal application form can be found on the MPI website under Forms.