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Are there any special di minimus rules concerning distributing small account balances of terminated employees?

April 26, 2017account balances di distributing minimus rules small special terminated

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Are there any special di minimus rules concerning distributing small account balances of terminated employees?

1 Answer

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Unfortunately, no. Even for balances under $15, the employer must still go through the standard procedure of sending distribution forms, etc. to terminated participants to allow them to elect their method of payout.