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 11 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 11 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 11 months ago by Chandler Julian

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