Compliance Questionnaire Help Guide
Fidelity Bonds for Your Retirement Plan
Fixing Common Plan Mistakes
What if I own multiple companies?
Changing Bank Accounts
Funding Contributions from Multiple Bank Accounts
Viewing Employee Contribution Rates
What if my payroll provider doesn't transmit my data to ERISA for me?
Which payroll providers does ERISA support?
Getting Started as a Plan Administrator
Plan Setup Guide for New Defined Contribution Plans
Terminating a Plan
Who do I contact for support?
Divorce and Retirement Accounts - Qualified Domestic Relations Order (QDRO)
How do I request my distribution?
Required Minimum Distribution (RMD)
How do I know how much is available for a loan?
How to Make Extra Payments on Your Retirement Plan Loan
How to Pay Off Your Retirement Plan Loan
How to Request a Loan
How to Take a Loan from Your Retirement Account
Loan Repayment Requirements
Managing Your Account
Adding a Beneficiary
How do I roll money from another retirement account into my retirement account with ERISA?
Retirement Plan Security Enhancements
Understanding Your Plan's Expenses
Saving for Retirement
Book a Retirement Planning Session
Updated by Chandler Julian
Can my account be forced out of the plan after I'm no longer working for the plan sponsor?
It depends on your account balance. But generally, a plan may allow for involuntary distributions (aka force-out distributions).
- Balances Less than $1,000
- Your account balance can be forced out of the plan as a cash distribution or rolled over to an IRA without notice
- Balances $1,000 - $5,000
- Your account balance can be forced out of the plan as a rollover to an IRA but requires notice
- Balances $5,000 or more
- Your account balance cannot be forced out of the plan unless the plan is terminating. In these circumstances, most plan sponsors will elect to roll your balance to an IRA on your behalf if you take no action before the plan is closed.
Penchecks Trust IRA Contact Information -