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leighl

Mandatory Cash-out for a participant living outside the US

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Is there any restriction in completing a mandatory cash-out for a participant with less than $5,000 in vested account if he does not live iin the US anymore?

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You might have trouble opening an IRA for him but that's would be an issue with the custodian of the IRA and not an issue with the plan cashing him/her out.

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