Mandatory Distributions (less than $1000)

[jkharvey]

I've done some research and don't see any requirement that an employer who sponsors both a MPP and a PSP combine account balances for participants when determining if the account balance is less than $1000 for the mandatory cashout. Does anyone have information to the contrary?

[JanetM]

The wording in 401(a)(31)(A) reads "eligible retirement plan" as in singular. There is nothing that states you must aggregate plans in figuring balance.