ST Alpha - "We took over a trio of plans last November. The prior admin had not maintained current trustees for the 3 accounts. With one dead and another having" (Reading a Post)

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In response to "An HOA we picked up earlier this year has yet to receive their $ from the previous (very large) management company. Like, a *lot* of money." by Spawn

We took over a trio of plans last November. The prior admin had not maintained current trustees for the 3 accounts. With one dead and another having

Posted by decline (aka Decline) May 22 '24, 08:39

left the company it took us over 4 months to get all the accounts updated with actual living and working executives in the company. And we just now have been able to move the assets to a different custodian and process things.

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Yeah, that is a nightmare. This one, all they have to do is close the account and send or transfer the funds to 5/3 Bank. -- nm - LFG May 22, 09:06 2
- suckin' up that sweet, sweet interest -- nm - decline May 22, 09:11 1
  - It is actually in an account in the name of the HOA, so they are not *using* the funds. Just being dicks. -- nm - LFG May 22, 09:13
My group's 501(c)3 has a Wells Fargo bank account and every time I want to add an officer to the account, it's fucking torture. -- nm - Mop🧹 May 22, 08:42

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We took over a trio of plans last November. The prior admin had not maintained current trustees for the 3 accounts. With one dead and another having

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