Money Type

[Guest jkhan]

I got this money type from one of my plan list. They have asked for a participant distribution who has money in "ER Non Qualified Deferral Comp". What type of money is it? Employer or Employee? I need to determine the vesting depending on the money type.

[ETA Consulting LLC]

The Plan Document 'should' define exactly what it is and the vesting rules that apply.

Good Luck!

[401king]

ER will generally imply that it is employER money. It appears to be funds from a deferred compensation plan, which is usually 100% vested. But, like ERISAtoolkit said, this should be defined in the plan documents.

Who asked for the distribution? Is it possible they would have more knowledge about the source of those funds?

[mbozek]

I got this money type from one of my plan list. They have asked for a participant distribution who has money in "ER Non Qualified Deferral Comp". What type of money is it? Employer or Employee? I need to determine the vesting depending on the money type.

I dont understand what you are trying to describe. What is "this money type from one of my plan list"?

Who is asking for a distribution? A financial advisor?

[Guest jkhan]

I got this money type from one of my plan list. They have asked for a participant distribution who has money in "ER Non Qualified Deferral Comp". What type of money is it? Employer or Employee? I need to determine the vesting depending on the money type.

I dont understand what you are trying to describe. What is "this money type from one of my plan list"?

Who is asking for a distribution? A financial advisor?

Got it. It is ER Money. It was asked by a participant from one of the plans that I provide service for.