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Plan deposits and withdrawals - turnaround times


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Guest bmurphy
Posted

Is anyone aware of any research/surveys that track the average lenght of time that it takes for pension administration firms to:

1. Remit plan deposits once received

2. Send out participant distribution forms.

3. Pay out participants once distribution forms are returned.

I know what our timeframes are & am curious as to what the "industry" numbers are. If anyone could share their own experiences that would be great also. Thanks!

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