Associate completing the initial distribution review must flag the PC record by selecting "Yes" in the "Manager Approval Required" field for:

•         Cash distribution requests exceeding $75,000

•         Rollover requests exceeding $200,000

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Ready to Trade Review Phase

•         Associates shall highlight in yellow any cash distributions exceeding $75,000 or rollover requests exceeding $200,000.

•         Associate shall notify the on duty supervisor with participant details.

 

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 This highlights the requirement for management's additional review prior to processing authorization on the Ready to Trade file.

 

Management Approval Process

Upon review, the manager shall:

•         Enter the Ready to Trade date in the PC record

•         Document approval by adding a status note in the PC record that includes their initials

•         Verify the request meets all processing requirements

 

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This standardized procedure ensures proper oversight and documentation of high-value distribution requests through a consistent approval workflow.