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Showing results for tags 'cash out'.
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Hello, If an employee quits and gets rehired as a consultant with no benefits, do he/she have the ability to cash out their 401K? Thanks for your help!
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Our plan document allows us to set the threshold for automatic rollovers below $1,000. We are considering lowering the amount to reduce the number of cash-outs, which sometimes become unclaimed checks. Anyone else using a lower number? Results? Is there any number considered too low?
