How do I re-contribute my Coronavirus-Related Distribution (CRD)?

The CARES Act, signed into law on March 27, 2020, provided the opportunity to recontribute the funds to an eligible retirement plan within three years without regard to that year’s cap on contributions.

The CARES Act permitted a CRD to be treated as an indirect rollover if returned within a three year period from the distribution date with no tax consequences. If you took a CRD you would have received a 1099R for the CRD amount from GuideStone. The distribution should have be reported as taxable income, but also reported as an indirect rollover if recontributed. If you took a CRD and elected for federal income tax to be withheld, in order to have avoided paying income tax on the withholding amount, you would have needed to re-contribute the gross amount of the CRD. We encourage you to contact a competent tax advisor with questions on filing your income tax return.

Please be aware the re-contribution deadline of December 31st, 2023 has passed, therefore re-contributions are no longer permitted.

If you have any questions, please contact a Customer Solutions Specialist at 1-888-98-GUIDE (1-888-984-8433). Our Customer Solutions Specialists are available Monday through Friday between 7 a.m. and 6 p.m. CST for your convenience.

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