k man Posted April 10, 2003 Share Posted April 10, 2003 Does anyone have a sample letter they use when they issue two checks to the same participant? Link to comment Share on other sites More sharing options...
Blinky the 3-eyed Fish Posted April 10, 2003 Share Posted April 10, 2003 I know a guy named Vito who breaks arms. Does that help? "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs." Link to comment Share on other sites More sharing options...
Guest JoeMud Posted April 13, 2003 Share Posted April 13, 2003 I'll get your money back for 60%. Provide name address and phone. Yabba dabba doo. Link to comment Share on other sites More sharing options...
bzorc Posted April 14, 2003 Share Posted April 14, 2003 I use something to the effect of "A review of your account indicates that you have been paid in excess of your account balance in the plan. If you have rolled over these amounts, your IRA has a non-qualifed contribution subject to excise taxes...." If the person takes it in cash, we request the money be returned within XXX days. Hopefully you get the money back. My success rate with the above is 2 for 2 in 16 years in the business. However, I did see an instance late last year where the employer actually sued the employee for the double distribution. Unpleasant to say the least... Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now