1

I have a 401(k) plan from my previous employer with a little over $5k in it and I have decided to withdraw the full amount.

How long should I expect this process take?

The plan administrator is the owner of the company where I was formerly employed and relations were 'a little strained' when I left, so I am concerned that he is (once again) playing games and messing me about...

  • how long since you submitted the request? – JTP - Apologise to Monica Nov 12 '15 at 23:36
  • Are you retirement age, are you rolling over into an IRA, or are you taking an early withdrawal? – Ben Miller - Reinstate Monica Nov 12 '15 at 23:37
  • @JoeTaxpayer 1 month – brhans Nov 14 '15 at 13:08
  • @BenMiller Early withdrawal – brhans Nov 14 '15 at 13:08
2

1 month seems like too long.

Legally, if you request a distribution the process should be completed "as soon as administratively feasible". 1 month seems out of bounds for administratively feasible, but it's a vague terminology anyway.

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