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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75839  
Subject: Re: How does 401k work? Date: 11/26/1997 4:52 PM
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Yo, Drbear.

<<A follow-up question: Getting your money transferred out of your old 401(k) to another employer or IRA has never been a speedy process. In the past I think they had 60 days to process the request. Is this still the case? If not, what's the current rule?>>

Plans have a "reasonable" time to comply provided the request meets plan provisions for withdrawal. That can be up to 90 days assuming the request is administratively correct. And it can be even longer. Some plans have quarterly or semi-annual limitations on when money may be transferred between plan options or withdrawn. The "reasonable" period doesn't commence until that window is reached.

Regards....Pixy
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