Paychex distribution request form 2026

1. Click ‘Get Form’ to open the paychex distribution request form in our platform's editor.
2. Begin by entering the company name, office/client number, and plan number at the top of the form. This information is essential for identifying your request.
3. In the section for employees subject to involuntary distribution, list each employee's name and ensure you provide their current address. Remember, account balances over $5,000 require participant consent for distribution.
4. For balances of $1,000 or less, indicate your instruction regarding issuing a check to the employee after withholding taxes. For balances between $1,000 and $5,000, specify the IRA company for automatic rollover.
5. If you wish to set up a Rollover IRA with Paychex’s assistance, check the corresponding box. Ensure you understand that this authorizes sharing necessary participant information.
6. Complete the participant details including name, social security number, and address. This is crucial for processing distributions accurately.
7. Finally, sign and date the form as the Plan Administrator before submitting it via mail or fax as indicated at the bottom of the document.

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