Featured Jobs
Mineral |
EPIC Retirement Plan Services
|
Documents and Operations Coordinator Jordan & Associates Retirement Services
|
In-house Counsel, Legislative and Regulatory Advisor Cheiron, Inc.
|
Retirement Plan Administrative Specialist Mueller Financial Services
|
Blue Ridge ESOP Associates
|
Retirement Plan Consultants
|
EPIC Retirement Plan Services
|
Experienced Retirement Plan Administrator Karel-Gordon & Associates
|
Nicholas Pension Consultants
|
The Ryding Company
|
The Nolan Company
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
 |    |
<< Previous news item | Next news item >>
| Plan Sponsors Should Ensure that Small Benefits are Cashed Out Before the March 28th Deadline Ice Miller  Jan. 14, 2005 Excerpt: Many plans provide that if the vested benefit of a terminated participant does not exceed $5,000 ... [it] will be paid in a lump sum payment as soon as administratively feasible after the participant terminates employment.... [V]endors rarely cash out these small benefits without the direction of the plan administrator.... [Such] benefits for terminated vested employees need to be distributed before the March 28th deadline to avoid being subject to the new mandatory rollover rule. |
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above). |
| An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified). |
