Yes, if allowed in the plan document your SDA assets may be transferred in-kind. To receive a distribution upon termination, you will complete a Distribution Form supplied by your employer. You may select the option on the form to transfer your SDA in-kind to an IRA or successor plan (if allowed). You will also provide instructions on the Distribution Form as to where your entire account balance should be transferred. If your account will not be transferred in-kind, you must liquidate your SDA account and transfer the money back into your plan account to be distributed. See the section "How do I transfer money from SDA assets to the core funds" for additional information on the transfer process If you are not 100% vested, it may be necessary to liquidate and transfer a portion of your SDA account back into your plan account prior to Alerus processing your distribution request.
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