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Plan Distributed Annuities, 403(b) Contracts and the Mandatory Cash-Out Rules
The Business of Benefits 
[Guidance Overview] June 1, 2010
Excerpt: It goes something like this: Code Section 401(a)(31) contains the direct rollover rules and applies to both 401(a) and 403(b) plans. Oddly enough, this section also contains the mandatory cash out rules which applies to account balances of less than $5,000 (I say 'oddly' because 411(a)(11) actually has the old rule, which still exists, which permits the distribution without consent of amounts less than $5,000 from a tax qualified plan) for terminated participants.
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