jkharvey Posted October 21, 2013 Share Posted October 21, 2013 Plan terminated and we have found that one participant is currently in prison serving a 34 year term for a sexual assault. Is the plan required to send distribution paperwork to the participant in prison? Link to comment Share on other sites More sharing options...
Lou S. Posted October 21, 2013 Share Posted October 21, 2013 Why not? I'm not sure he'll return it but wouldn't sending him a package to his last known address in prison with return receipt requested satisfy the reasonable seach requirements? I'm guessing most you'll wind up forcing him out via IRA but we had a similar situaton where a guy in prison with a small balance actually signed the forms and had his girl friend cash the check after he endorsed it. Link to comment Share on other sites More sharing options...
ESOP Guy Posted October 21, 2013 Share Posted October 21, 2013 Here are some other discussion that might help: http://benefitslink.com/boards/index.php?/topic/53352-convicted-felon-wants-to-take-a-distribution/?hl=prison http://benefitslink.com/boards/index.php?/topic/30012-life-in-prison/?hl=prison http://benefitslink.com/boards/index.php?/topic/25797-participant-entitled-to-distribution-is-incarcerated-do-we-send-a-notice-regarding-his-eligibility-for-a-distribution-to-the-prison/?hl=prison http://benefitslink.com/boards/index.php?/topic/2887-incarcerated-beneficiary-help/?hl=prison Link to comment Share on other sites More sharing options...
mbozek Posted October 25, 2013 Share Posted October 25, 2013 Stupid Q- How can plan terminate if it does not distribute all of its assets? mjb Link to comment Share on other sites More sharing options...
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