Page 259 - DCAC February 2024 Files

Next Steps

• Determine the maximum account balance amount for force-out distributions -

$5,000 or $7,000.

• Establish a period for regular distributions (typically annually).

• Ensure that Empower will provide proper advance notification to force-out

participants.

• Select IRA Custodian to provide automatic IRA services.

• Complete required paperwork to establish arrangement.

• Work with Empower to process the automatic rollovers for eligible accounts.

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