Force payouts above $1000

[TPAnnie]

I wondered what other TPA's out there are doing about force payouts above $1,000. We cannot find an institution willing to open an IRA without the IRA owner signature, so unfortunately if the amount is more than $1000, they've not been done. Many of our plans amended for force outs for < $1000, but those that didn't will continue to be a problem. What are you all doing?

[WDIK]

We have generally recommended that nonconsensual cashouts above $1,000 be eliminated, but you may want to check out this website.

[R. Butler]

Many of our plans use platforms where the investment companies will handle the automatic rollover if they are already handling the plan assets. For plans that do not have such a platform, we have recommended that they reduce the cashout limit.