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Making Sense of the Uncashed Retirement Plan Check Dilemma (PDF)
Inspira 
May 14, 2014
"The [DOL] holds that each distribution remains a plan asset until the check is cashed or a wire transfer is successfully made. If the funds for these checks are held in an interest-bearing account, this 'Float' arrangement is subject to scrutiny by the DOL. To make matters worse, the DOL and [IRS] have not clearly defined a resolution to this problem."
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