Distribution Services

Often retirement plan sponsors are frustrated with the amount of time they spend on communicating with terminated participants. At some point every plan will need to make a distribution to a participant who no longer works with the firm. Let’s face it -- the distribution process is a complex task that can be costly and time consuming.

YHB has the knowledge to give you the right advice. Click here to contact us.

YHB Retirement Services will help take the hassles away by:

• Contacting your terminated participants
• Provide all required distribution and tax notices
• Process distributions as instructed
• Assist and manage the rollover process
• Advise on the tax implications of taking a withdrawal
• Have disbursement checks sent out as instructed
• Have the withholding tax transmitted to the IRS
• Distribute Forms 1099-R