Acronyms /
Definitions
Definitions
Status Received when we have everything, we need in order to process.
What is IGO?
This is located in the lower right-hand corner of the Distribution Request Form.
What is the form Version and Date?
Participant residing in this type of state will have their state taxes systematically withheld.
What is a Mandatory State?
Plan Level (PM687) in which Vesting is required on the distribution request form when a participant has funds in ER sources, listed in the vesting schedule.
What is PM687 = P (PFRK)?
This should always be completed in PI to verify there are no duplicate forms or additional forms needed.
What is SSN search?
When there is missing information that is required for processing, the status of the task is considered to be...
What is NIGO?
Aside from participant address, this piece of information is optional in the participant information section.
What is Date of Birth?
This is the default Federal Tax Withholding Percentage on Non-Top Hat funds.
What is 20%?
If no "VEST", "SERVICE", or "RETIRE" Exception help note, the participant is 100% if their participant status is either of these two.
What is 20 or 32?
This Plan will require each money type to be processed in separate folders.
What is a Combo Plan (PM722 = Y)?
Third Party Administrator
What is TPA?
Selection must be made to determine what transaction will be processed (i.e. T404, T444)
What is the Type of Distribution?
This is the default Federal Tax withholding for Top Hat 457 money for distributions up to and including $1 Million.
What is 22%?
This is where to go in OMNI to review current available balance and current vesting percentages.
What is the PFI screen?
This will be completed and inserted into a PI task prior to setting up the transaction folders and/or completing the task.
What is PI Checklist?
The authorized person that can sign for forms and make decisions regarding the plan
What is ER or Employer Representative?
One Distribution Method must be selected for a request.
What is Full or Partial Withdrawal?
This box on the Main Tab of a transaction folder is selected when overriding the Federal Tax Withholding.
What is the Mandatory withhold does Not apply box?
This is where the ER sources are listed for vesting updates when applicable.
What is the vesting schedule?
All Termination, Retirement, or Disability distributions requested on a Distribution Request form will need to be sent through Unusual Activity for this amount.
What is $100,000.00? (One hundred thousand dollars)
Rollover of funds NOT allowed
What is NERD (Non-Eligible Rollover Distribution)?
When PM387 = P, this is not required on the form.
What is Participant's signature.
On a W4R withholding form, if line 2 is not completed we...
What is proceed with applying the default withholding?
This is where the Vesting Hierarchy can be found.
What is the Vesting Job Aid?
This is the transaction type for Termination/Retirement and Disability requests.
What is a T404?