Arethere any laws or regulations requiring a 401k company to send out a distribution within a certain amount of time after a distribution is requested?
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Arethere any laws or regulations requiring a 401k company to send out a distribution within a certain amount of time after a distribution is requested?
i requested a distribution of my 401k after my last job and have not received it. The 401k company keeps giving me the run around when I call. I was wondering: is there any legal obligation that they are under to send my distribution within a certain amount of time?
Asked on June 22, 2009 under Business Law, Pennsylvania
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 14 years ago | Contributor
You need to contact your state's atty general for help in pursuading the payout.
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