I wondered what other TPA's out there are doing about force payouts above $1,000. We cannot find an institution willing to open an IRA without the IRA owner signature, so unfortunately if the amount is more than $1000, they've not been done. Many of our plans amended for force outs for < $1000, but those that didn't will continue to be a problem. What are you all doing?

We have generally recommended that nonconsensual cashouts above $1,000 be eliminated, but you may want to check out this website.

Many of our plans use platforms where the investment companies will handle the automatic rollover if they are already handling the plan assets. For plans that do not have such a platform, we have recommended that they reduce the cashout limit.