Transaction Department Procedures
Processing Cover Sheets/Distributions On a daily basis we receive new distribution requests that need to be reviewed by our Transactions department a...
Wed, Apr 9, 2025 at 8:31 AM
Rejected Distributions Due to Name/SSN Mismatch Disbursement Rejections due to Name/SSN Mismatch The custodian Charles Schwab verifies a participant&...
Wed, Apr 9, 2025 at 8:42 AM
Researching Vesting Discrepancies Participants will always be fully vested in their own contributions but the employer's contributions will be subjec...
Wed, Apr 9, 2025 at 8:49 AM
Review Reports The objective of the Review Reports is to catch distributions that are stalled. By reviewing different scenarios in the distribution task ...
Wed, Apr 9, 2025 at 8:35 AM
Security Verification Requirements Normal Distributions (in-service, lump sum, etc.): Web requests: DL needed only if the amount is over $20k DL not n...
Wed, Apr 9, 2025 at 8:40 AM
Stale Dated Checks & Returned Checks Stale Dated Checks Recordkeeping will notify Transactions of any outstanding distribution checks that have sta...
Wed, Apr 9, 2025 at 8:34 AM