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| Does Your Public Agency’s Plan Have Dormant Accounts That Should Be Paid Out? Best Best & Krieger LLP  Aug. 19, 2021 "Many holders of dormant accounts would at least consider a rollover or voluntary cash-out if they are told they would have to pay a more substantial recordkeeping fee for the maintenance of their accounts.... Although ... a lot of governmental 401(a) plans seem to require written consent to distributions in excess of $5,000, it appears that this rule does not apply to governmental plans generally and could be amended out of the document if warranted." |
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