HOw long does an employer have once received the Rollover info from their 401 to my own IRA | 401k Questions

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Asked 6/7/2009

HOw long does an employer have once received the Rollover info from their 401 to my own IRA

I have already an IRA and filled out forms and was told to send to the employer.
Last day of employment 4/30/09 and forms sent filled out with Qualified Pretax IRA information for them to rollover the 401k to.

How long do they have? I have checked my IRA and it is not there yet.

Thank you.

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Answer 1/1 - Submitted 10/2/2009

Depends on the plan document.
Does it say "as soon as administratively feasible"? Some employers will only process after you have been separated from employer for so long, (6month, 2 yrs, ) Some only at the end or a quarter.
Even the administratively feasible, leaves a lot of wiggle room for them.
You can call for a status on the rollover to the current administrator to see.

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