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Subject:  Re: one 401k to multiple banks Date:  5/23/2000  1:21 PM
Author:  TMFExRO Number:  4027 of 20628

<< WHen the total of your 401k is greater than the FDIC insurance, how do you get a lump sum distribution into multiple banks? >>

Check with the plan administrator to see if they will cut the number of checks you need. If they won't, you'll have to move it yourself after the distribution. It's not clear from your post whether you're taking a distribution or rolling it into an IRA, but the process would be basically the same for either.

Phil Marti
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