MCO Eligible Participants

ABC SAMPLE PLAN D34730
  1. Step 1:Approve or Waive Participants.
  2. Step 2:Verify Vesting Percentages.
  3. Step 3:Confirm Participants.
  4. Complete.
1.

Select the participant(s) to approve for Mandatory Cashout from the following list.

2.

Select the participant(s) for whom Mandatory Cashout should be delayed from the following list.

3.

Click Next to continue to the next step in the process.

MCO Eligible Participants

Start MCO Process Participant SSN Active Loan
CERISE, MIRANDA ***-**-7533

Note: By approving a participant for Mandatory Cashout, the participant will receive the special tax notice and affirmative election documents in approximately 7 days.

Note: By waiving a participant for Mandatory Cashout, processing will be delayed approximately 30 days before the participant is reconsidered for Mandatory Cashout.

Note: If a participant has an active loan, the loan will be defaulted at the time the Mandatory Cashout occurs.

Note: It is important to review and approve participants who are eligible for Mandatory Cashout at least 45 days in advance of your plan year end to ensure processing.

Note: Participants listed above could have plan assets in other contracts or with other providers that will not be considered for Mandatory Cashout.