Distributions

Beneficiaries

If you have a plan participant that is deceased, their account is typically awarded to their beneficiary that they designated. Beneficiaries can be anyone of the participant's choosing, but there are…

Chandler Julian
Updated 9 months ago by Chandler Julian

How Distributions Work on our Platform

Employees that have a distributable event that's authorized by your plan document may request a withdrawal (distribution) from their retirement plan account by logging into their account and accessin…

Chandler Julian
Updated 9 months ago by Chandler Julian

Required Minimum Distributions

Required minimum distributions (RMDs) are distributions that are required by the IRS once a participant reaches age 72 (previously age 70.5 until the enactment of the Secure Act on January 1, 2020).…

Chandler Julian
Updated 9 months ago by Chandler Julian

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