Small Account Balances. Distribution requests less than $5,000 will be made in the form of a lump sum payment to the Participant. If distribution requests for amounts less thant $5,000 are submitted requesting periodic payments, the Employer or Plan TPA has the right to send Instructions to the Custodian to process the distribution as a lump sum without the consent of the Participant or Beneficiary.
Appears in 4 contracts
Samples: Custodial Account Agreement, Custodial Account Agreement, Custodial Account Agreement
Small Account Balances. Distribution requests less than $5,000 will be made in the form of a lump sum payment to the Participant. If distribution requests for amounts less thant than $5,000 are submitted requesting periodic payments, the Employer or Plan TPA has the right to send Instructions to the Custodian to process the distribution as a lump sum without the consent of the Participant or Beneficiarybeneficiary.
Appears in 4 contracts
Samples: Custodial Account Agreement, Custodial Account Agreement, Custodial Account Agreement
