How can you make a corporation payoff a profit sharing check when you elect to take cash instead of rollover?

i have quit my job and i have elected to take the cash from my profit sharing account instead of rolling it over into an investment firm. how long can they make me wait for my money to be issued to me? they say they are processing it but it has been 68 days since. Can someone help me with this?

can interest be added on as long as they hold it?

The Plans "Summary Plan Description" (SPD) should outline these things. Worst case, contact the DOL which governs corporate retirement plans, and/or threaten your ex-company to comply or you will have your attorney contact the DOL.

LOL! No, they won't be adding any interest!

The Profit-sharing Plan Contract (which you signed when you joined the company) probably stipulates how long they have to pay you, and it might be a long, long time. Don't hold your breath! 'There is also the possibility (unfortunately) that since you quit (rather than being laid off or fired) that you have relinquished your entitlement to any 'profit-sharing.

Good luck!

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