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401(k) payable is a general ledger account that contains the amount of 401(k) plan pension payments that an employer has an obligation to remit to a pension plan administrator. This account is classified as a payroll liability, since the amount owed should be paid within one year.
The Kentucky Public Pensions Authority (KPPA), formerly known as The Kentucky Retirement Systems (KRS), is the administrator of defined-benefit pension and insurance plans for most of Kentucky's state and county employees and retirees.
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Pension administration in the United States is the act of performing various types of yearly service on an organizational retirement plan, such as a 401(k), profit sharing plan, defined benefit plan, or cash balance plan. Increasingly, employers are also implementing these plan types in combination arrangements for greater contribution ...
Request a Direct Rollover From Your 401(k) Administrator. You can transfer your funds either through a direct rollover or an indirect rollover. An indirect rollover requires you to cash out your ...
Another way to track down your 401(k) administrator is to use the above-mentioned Form 5500 database from the Department of Labor—your administrator’s contact information should be on the form ...
Empower acquired the heritage SunTrust 401(k) recordkeeping business, which includes approximately 300 retirement plans consisting of more than 73,000 plan participants and $5 billion in plan assets. On September 29, 2020, Empower announced that it would acquire the retirement plan recordkeeping business of Fifth Third Bank.
First, you can either have your current 401(k) plan administrator send the funds directly to your new IRA or 401(k) administrator, which will then place the funds in your account.
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