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Posted on Jul 14, 2024

Many employer-sponsored retirement plans include a provision that requires former employees with vested balances in the plan to take their money out of the plan.

Many employer-sponsored retirement plans include a provision that requires former employees with vested balances in the plan to take their money out of the plan. If the participant does not voluntarily withdraw their balance, the account may be cashed out without prior notification if the balance is less than:

A. $200

B. $500

C. $1,000

D. $5,000

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