Guest milehighheel Posted March 15, 2010 Posted March 15, 2010 If we request that shares be sold today from a participant account so the ADP refund can be processed did we meet the March 15th deadline? Or does the check actually have to be issued on or before March 15th? In the first scenario the shares would be sold with today's market close but the actual check wouldn't be sent until Wednesday March 17th. Thanks!
rcline46 Posted March 15, 2010 Posted March 15, 2010 It is my considered opinion that the distribution is based on the check date, not the date the liquidation is ordered. A distribution is when the funds leave the account.
Bill Presson Posted March 15, 2010 Posted March 15, 2010 It is my considered opinion that the distribution is based on the check date, not the date the liquidation is ordered. A distribution is when the funds leave the account. Agreed. William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now