They always say that it’s hard to say goodbye, I never had that issue as a former employee. I was never sentimental to former employers, but other former employees may think differently. As a 401(k) plan sponsor, you certainly want former employees to say goodbye and take their 401(k) account balance with them. One way you can eliminate the balances of former employees is the use of the involuntary cash-out provision, which is something that your plan has and should exercise.
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