Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Distribution Reviewer

Nova 401(k) Associates
(Remote)

Nova 401(k) Associates logo

Retirement Plan Consultant

Retirement Plan Solutions, Inc.
(Remote)

Retirement Plan Solutions, Inc. logo

Defined Contributions Consultant

LDSCO
(Remote)

LDSCO logo

DC Plan Administrator

Plan Design Consultants, Inc.
(Remote)

Plan Design Consultants, Inc. logo

Healthcare Actuarial Consultant

BPAS
(Remote / Houston TX)

BPAS logo

Administrator

Pentegra
(Remote / West Harrison NY)

Pentegra logo

Retirement Plan Sales Consultant

Primark Benefits
(Remote / San Mateo CA)

Primark Benefits logo

Benefits Production Manager

IUOE Local No. 478 Employee Benefit Funds
(Hamden CT)

IUOE Local No. 478 Employee Benefit Funds logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>



Recordkeeper Change from TIAA
BenefitsLink Message BoardsLink to more items from this source
June 14, 2021

"I am looking for guidance on navigating transferring a 401k plan from TIAA. The plan was set to be transferred to another record keeper, however the new record keeper backed out of the process when they learned that the 15 outstanding loans in the plan are collateralized loans with TIAA. They are now saying they will not take the plan until all 15 loans have been retired, which will take 5 years and require shutting of new loans for existing participants. Unfortunately other record keepers have now taken the same stance. Is there a creative solution to this? Has anybody successfully navigated this hurdle in the past?"

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).
© 2023 BenefitsLink.com, Inc.