Force-Outs

It's been a long time, but I'm being asked to conduct mandatory distributions for a few termed participants with balances over $1,000.  In the past I've used Penchecks, but I'm wondering who else might be out there to take custody of the funds.  Tried to contact Millennium Trust but can't get a call back.  Anyone out there have ideas for other service providers?

PenChecks has been our go-to as well, unless the recordkeeper has their own option.  Just curious, are you having an issue with PenChecks?  Understandable if you care not to say.

Try a company called GroupIRA. Their website is GroupIRA.com - You may Google their name as well. I used them for some below $5,000 distributions and they moved them into IRAs. 

We have an auto rollover IRA product as well.

My understanding is that plans/sponsors with default IRA rollover provisions must have an agreement with an IRA provider, so there should be some agreement with some provider already in place. If not, that is the first step.