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Does Your Public Agency’s Plan Have Dormant Accounts That Should Be Paid Out?
Best Best & Krieger LLPLink to more items from this source
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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