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Showing results for tags 'distributions payable'.
Found 2 results
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I am the AP on a Separate Interest QDRO. The( ex-spouse)participant is 54years young, employed at Chrysler. According to the plan, I can start receiving my portion of the funds on the participant’s earliest retirement age. I was told, by the representatives at Benefits Express, I would receive a kit in the mail, with instructions so that I can commence payment. The next day I received a call saying I can not start receiving the funds until 01/15/2027, when the participant is 62 years young, Chrysler’s normal retirement age. The QDRO has the following: I am confused as to why I can’t start receiving my portion. Please help me understand what is going on.
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Distribution Requested in 2012; Paid in 2013
Guest posted a topic in Distributions and Loans, Other than QDROs
If a participant made a distribution request from their 401(k) account on 12/27/12 but the distribution was not processed and paid until 1/3/13 is it correct to record it as a payable on the plan's financial statements or should distributions only be recorded when paid?
