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Anyone left MQ and taken a 401K distribution, - Anon


Posted: Jul 14, 2010

either as a rollover to another retirement plan or a payout?  I am curious about how long this process takes, and whether there is much red tape. 

I know I can call the 401K custodian and hear what SHOULD happen, but I am more interested in hearing from someone who's already done it if there were any holdups.  Thank you in advance for any replies, and have a great day! 

401K - Sunflower

[ In Reply To ..]
I have not left MQ, but I did take a loan out on my 401K and it was as easy as pie. Had my check within a week.

My finance counselor did mine. All he did was call - sm

[ In Reply To ..]
and I think they did it over the phone. I think I had the money rolled over within 3 or 4 days (this was almost 3 years ago, so details are a little fuzzy).

Very quick. - mrs.krabs

[ In Reply To ..]
Did it on Merrill Lynch website. Check in mail within a week. I cashed out what little bit I had. They did take out most of taxes (except for 10%) which I will do on our yearly taxes.


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