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Asked 3/3/2010

Plant closure and 401k rules

I work for Nummi in Calif. they will be closing the doors on March 31, 2010. Do I receive a check from the plan. I will be rolling it over. How long does the company have to send you the check. If I want to keep some of it for a downpayment on a house, will I be able to do that right away, before I roll it over? when I roll it over. I realize there are penaltys and taxes .

 
 
 
 
 
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