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Go Back   Law Forums at Onlypunjab.com > BUSINESS AND FINANCIAL LAW > Finance Brokers and Investments

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  #1  
Old 01-02-2007, 05:12 AM
Carol Carol is offline
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Join Date: May 2006
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Default time limit in transferring funds!!

Hello,
After changing my job, i am looking to transfer my 401k funds to my private IRA with a different brokerage firm. but find it difficult to get my former employer's HR to send me the necessary distribution forms. Brokerage company said that I must request it from my former employer. So, i need to know if there is any legal timeframe in which my former employer is required to carry out my requests to transfer my 401K funds? Hope someone will help me out.
Thanks!
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Old 01-02-2007, 07:06 AM
contactme contactme is offline
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Join Date: Apr 2006
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There is no time limit how quickly 401(k) funds need to be moved if still in the old 401(k). But if or when they issue a check to you, it would have to be rolled over to an IRA or other 401(k) within 60 days,
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