This is the same thing I have been hearing since 3/16/15, they promised to get me my distribution by the time my rent was do on the 1st which is Friday. I am on disability right now going through a hardship, and they can't even tell me where the check is, they told me 3 weeks over a month ago. This is my money not theirs, and that is what my complaint is all about, their mis-leading me and this money is set aside for retirement and at my request due to hardship I am asking them to release it. Please ask them for an exact day of distribution so I can have It in writing for my Landlord to avoid eviction.
This is the same thing I have been hearing since 3/16/15, they promised to get me my distribution by the time my rent was do on the 1st which is Friday. I am on disability right now going through a hardship, and they can't even tell me where the check is, they told me weeks over a month agoThis is my money not theirs, and that is what my complaint is all about, their mis-leading me and this money is set aside for retirement and at my request due to hardship I am asking them to release itPlease ask them for an exact day of distribution so I can have It in writing for my Landlord to avoid eviction
Ms*** does indeed have funds in a retirement plan sponsored by her former employer, *** ***. Retirement plans have very specific rules, and it is unfortunate that Ms*** does not fully understand these rules and the provisions. As the Third Party Administrator hired by ***
***, we are committed to helping Ms*** with her request. I appreciate the opportunity to address her concerns here one at at time:STATEMENTS. Participant statements are generated for the *** *** plan annually. We provide all statements to the employer for distribution to the employees. When she asked, we provided Ms*** with a copy of her most recent statement which was dated 12/31/2013. The 12/31/statements are in process. They will be completed with the annual work that has a Federal due date of July 31, with extensions available through October 15, VESTING. Our records indicate that when she terminated service, Ms*** was 40% vested in her account. The statement that she has dated 12/31/indicates that as of that date she was 20% vested. This statement is correctDISTRIBUTIONSThe plan calls for distributions to be processed as soon as possible after the end of the year in which the participant terminates service. Since Ms*** terminated service in her distribution will be processed in after the work is complete. As an accommodation to her, *** *** is willing to distribute a partial payment to her in advance; the balance will be paid in when the work is completePLAN ACCOUNTS. The plan's investments are held in trust in registered mutual funds. As the TPA, we are fully aware of where the funds are held, and will be working with the Plan Trustee to liquidate assets sufficient to process Ms***'s distribution claim.We pride ourselves in helping our clients operate their plans within the parameters of their plan documents and the legal requirements. It is unfortunate that sometimes these rules preclude participants from receiving distributions immediately.*** *** ***tBenefit Resources, Inc
In our role as Third Party Administrator, we can only advise our clients in steps to take with their retirement plan. In this case, the client has elected to follow the terms of his document and process Ms***' distribution based on the valuation at the end of the year of her termination from service
I am rejecting this response because: They stated via mail on march and on other ocassions that they would infact be releasing funds through They also stated that the employer agreedAlso the state department Fair Employment has agreed that I was wrongfully terminatedI find their decision to be completly unprofessional and in retaliation for filing this complait when in fact I do not want these people handling my retirement for one more minuteI am going to go forward to protect my funds and rights
This is the same thing I have been hearing since 3/16/15, they promised to get me my distribution by the time my rent was do on the 1st which is Friday. I am on disability right now going through a hardship, and they can't even tell me where the check is, they told me 3 weeks over a month ago. This is my money not theirs, and that is what my complaint is all about, their mis-leading me and this money is set aside for retirement and at my request due to hardship I am asking them to release it. Please ask them for an exact day of distribution so I can have It in writing for my Landlord to avoid eviction.
This is the same thing I have been hearing since 3/16/15, they promised to get me my distribution by the time my rent was do on the 1st which is Friday. I am on disability right now going through a hardship, and they can't even tell me where the check is, they told me weeks over a month agoThis is my money not theirs, and that is what my complaint is all about, their mis-leading me and this money is set aside for retirement and at my request due to hardship I am asking them to release itPlease ask them for an exact day of distribution so I can have It in writing for my Landlord to avoid eviction
Ms*** does indeed have funds in a retirement plan sponsored by her former employer, *** ***. Retirement plans have very specific rules, and it is unfortunate that Ms*** does not fully understand these rules and the provisions. As the Third Party Administrator hired by ***
***, we are committed to helping Ms*** with her request. I appreciate the opportunity to address her concerns here one at at time:STATEMENTS. Participant statements are generated for the *** *** plan annually. We provide all statements to the employer for distribution to the employees. When she asked, we provided Ms*** with a copy of her most recent statement which was dated 12/31/2013. The 12/31/statements are in process. They will be completed with the annual work that has a Federal due date of July 31, with extensions available through October 15, VESTING. Our records indicate that when she terminated service, Ms*** was 40% vested in her account. The statement that she has dated 12/31/indicates that as of that date she was 20% vested. This statement is correctDISTRIBUTIONSThe plan calls for distributions to be processed as soon as possible after the end of the year in which the participant terminates service. Since Ms*** terminated service in her distribution will be processed in after the work is complete. As an accommodation to her, *** *** is willing to distribute a partial payment to her in advance; the balance will be paid in when the work is completePLAN ACCOUNTS. The plan's investments are held in trust in registered mutual funds. As the TPA, we are fully aware of where the funds are held, and will be working with the Plan Trustee to liquidate assets sufficient to process Ms***'s distribution claim.We pride ourselves in helping our clients operate their plans within the parameters of their plan documents and the legal requirements. It is unfortunate that sometimes these rules preclude participants from receiving distributions immediately.*** *** ***tBenefit Resources, Inc
In our role as Third Party Administrator, we can only advise our clients in steps to take with their retirement plan. In this case, the client has elected to follow the terms of his document and process Ms***' distribution based on the valuation at the end of the year of her termination from service
I am rejecting this response because: They stated via mail on march and on other ocassions that they would infact be releasing funds through They also stated that the employer agreedAlso the state department Fair Employment has agreed that I was wrongfully terminatedI find their decision to be completly unprofessional and in retaliation for filing this complait when in fact I do not want these people handling my retirement for one more minuteI am going to go forward to protect my funds and rights