How long does a Voya 401K withdrawal take?
A cash withdrawal or rollover distribution from a John Hancock retirement plan or investment account generally takes between 3 to 7 business days to complete. Once the transaction request is submitted online or via customer service and passes required plan sponsor reviews and tax compliance checks, funds are released. Electronic funds transfers to a pre-established bank account clear within 2 to 3 days after release, while physical checks mailed to participants require additional time depending on postal delivery speeds.
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