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Full Version: Payout prior to distribution date
BenefitsLink Message Boards > Retirement Plans > Distributions and Loans, Other than QDROs
eilano
Distribution date is the August 1st of the plan year following a participant's separation from service. Can the plan sponsor payout earlier than the distribution date as long as they do this on a consistent basis?
pax
If you pay out at a different time, do you know how much to pay?
Would it violate the terms of the plan?
Would the participant receive a distribution prior to separation of employment?
Is there potential discrimination in favor of HCEs?
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