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Author: TMFExRO Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19412  
Subject: Re: one 401k to multiple banks Date: 5/23/2000 1:21 PM
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<< 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.

TMF ExRO
Phil Marti
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