Trailing Distributions

[Guest Beth Handrick]

A number of our clients have started receiving checks from a court settlement for a number of former participants who have been gone in most cases for more than 5 years. The question has come up as to whether we can "force" these out to a rollover vendor if the account balance at the time of distribution years ago was over $5,000 or will we have to treat these checks as if they were part of the original distribution, get consent to distribute or wait until the former PR is over age 62 to do a mandatory distribution?

[J Simmons]

You might begin with the discussion in this thread