Time period for contacting terminated employee

[Guest Kiel]

Is there any specific time period in which an employer has to contact a former employee about the status of his/her 401K plan? It has been over 90 days since I was terminated and have not been contacted by my former company as to what I'm going to do with my 401K money.

[LCARUSI]

Why are you waiting for your Employer to contact you? Why don't you contact them?

I think it would be a nice policy for your Employer to contact you shortly after termination and layout your distribution options for you, but I don't see it as a requirement. You are a continuing participant in the Plan, and you have an SPD which should should explain your options under the Plan now that you have terminated employment.

[Guest PWBAer]

It's a RETIREMENT PLAN. Some won't contact you until retirement age, or even 70-1/2. LCARUSI is right, contact them.

[This message has been edited by PWBAer (edited 11-23-98).]