401k payout

[jimmyc]

What is the name of your state? Kansas

I was let go from a small comapany in May of 2004. I had a small amount of money in a 401k there that I'd like to either cash out or move into something else. According to our plan, the plan can be accessed and money withdrawn at year end, which would have been around Dec. 31, 2004. I've been dealing with the adminitrators of the 401k, and they have been telling me that my former employer's payroll company, which is a large, nation wide payroll and benefit administration company, has been unable to get the proper information to the 401k administrator for them to proceed with paying out any monies. Do I have any options in this to speed up the resolution? I've been dealing with the 401k administrators who tell me there's nothing I can do but wait, so I'm not sure what else I could do, if anything. Thanks in advance.

James

 

[cbg]

You can file a complaint with the US DOL.

 

[jimmyc]

Ok, I'll call them on Monday. Am I right in thinking that this is taking way too long? Initially, this was supposed to have been taken care of by March.

 

[cbg]

Yes, you are right that this is taking too long. Even on a plan with only an annual distribution, if you left in May we've come full circle to April again - you HAVE to have either passed or be right on top of the distribution time at some point during that time.