Guest mom Posted December 21, 2003 Posted December 21, 2003 are involuntary cashouts allowed in 403b plans?
GBurns Posted December 22, 2003 Posted December 22, 2003 By "involuntary" do you mean that some other entity (other than yourself) wants to unilaterally cash out your account? George D. Burns Cost Reduction Strategies Burns and Associates, Inc www.costreductionstrategies.com(under construction) www.employeebenefitsstrategies.com(under construction)
pmacduff Posted December 22, 2003 Posted December 22, 2003 I think they mean if it is under $5000, can the Plan Administrator/Trustee do the automatic cash out with the appropriate withholding, isn't that right mom? (As a 401(k) Plan might allow.) I don't know the answer, but wanted to clarify the remark.
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