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Author: GaFool One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75383  
Subject: Re: Thorny 401k rollover problem Date: 10/9/1997 9:24 PM
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I am not the expert here, but assuming that you can get the check re-cut(and it was not made payable to you in the first place), you may want to check local banks to find someone willing to accept the funds by setting up an IRA account using a, say, 3-month CD. This must be a new account marked "Qualified Pension Plan Rollover" (very important) and you cannot add any other monies to it, either as contributions or from other IRA accounts.
->BE SURE IT IS MARKED AS A "QUALIFIED PENSION PLAN ROLLOVER" AFTER IT IS SETUP.<-
When the CD matures, request a rollover to your new employer's plan. You can only rollover accounts marked as above. Your new plan administrator should not have a problem with this since the money will be coming from a "qualified trustee".
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