Accounting, Payroll & Pension Issues/profit sharing payout

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Expert: - 6/28/2008


Question
I resigned my position from my previous employer but have never received my profit sharing pay-out, do i need to send a letter to them in order to receive it?

Answer
The procedure will be specific to your plan. The timing of distributions will also be specific to the plan. Sending a letter or e-mail to the Plan Administrator will probably work. However, I would call or check the Summary Plan Description to find out the exact procedure. If you're not certain who the Plan Administrator is or how to contact, you should check with the HR department.

Accounting, Payroll & Pension Issues

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Allen

Expertise

Pension questions ONLY. Pension, profit sharing, and 401(k) plan design, installation, administration and actuarial services; rollovers to Individual Retirement Accounts; taxation of retirement plan distributions

Experience

Over 35years experience in the pension field

Organizations
Various actuarial organizations

Education/Credentials
MBA and various professional certifications

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