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Does the participant request the distribution check directly from the employer or from the financial institution where the IRA-based plan is invested?

April 26, 2017directly distribution employer financial institution ira-based participant Plan request

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Does the participant request the distribution check directly from the employer or from the financial institution where the IRA-based plan is invested?

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The participant will need to contact the financial institution holding the IRA assets. After the employer sends the IRA plan contributions to the financial institution, that institution will have control over the funds.