ATTENTION: Important information for checks issued with a date of 9/21/18 or after.
Please be advised that pursuant to the Plan of Distribution, the check reissuance and check cashing period is soon coming to a close. Please note the following cut-off dates.
- 1/21/19 – Last date to request a check reissuance. Please submit all necessary documentation in good order by 1/21/19.
- 3/15/19 – Last date a check will be honored by the Fair Fund disbursement bank for cashing. You should present your check immediately to make sure you do not forfeit your payment.
Warning: The Fair Fund bank account will be closed after 3/15/19 and checks will be bounced if not presented timely. Your bank will likely charge your account a bounce fee for presenting a check after the stale date. You will be solely responsible for any fees your bank charges you for presenting a stale dated check(s).
NOTE: There are no exceptions to the above procedural dates. If you have a check and need to have it replaced or reissued please contact us immediately. If you do not need assistance please cash or otherwise negotiate your payment immediately.
Tax Information
The Tax Administrator has issued a "Statement to Eligible Investors", a document that provides tax information related to this settlement. A copy of the Statement to Eligible Investors can be found below:
Mellon Securities Statement to Eligible Investors
As always, you should consult your financial advisor or tax professional to determine the potential tax consequences and appropriate tax treatment for your situation.
Reissue Forms
These forms are to be used should you wish to have your retirement check made payable to yourself. In the event of a beneficial owner, the beneficiary form would apply and will need to be completed by each beneficiary of record.
Reissue IRA Distribution Form: Mellon Reissue IRA Distribution Form
For use by individuals who received a check written to their IRA and no longer maintain an IRA.
Beneficiary Reissue IRA Distribution Form: Mellon Beneficiary Reissue IRA Distribution Form
For use by beneficiaries or guardians who received a check written to an individual's IRA and it should be reissued to the beneficiary or guardian.
Reissue Non-IRA Distribution Form: Mellon Reissue Non-IRA Distribution Form
For use by individuals who received a check as part of a Retirement Plan or a Defined Benefit Plan and the Plan or employer no longer exists.
Beneficiary Non-IRA Distribution Form: Mellon Beneficiary Non-IRA Distribution Form
For use by beneficiaries or guardians who received a check written to an individual as part of a Retirement or a Defined Benefit Plan and it should be reissued to the beneficiary or guardian.
Abandoned Plan Affidavit: Mellon Abandoned Plan Affidavit
This form must be submitted when an individual requests to have an ERISA Plan (401(k), 403(b)) check reissued to their own name. This form will be submitted with the letter of instruction, the correct reissue form (see above), and the IRS Form 5500, which can be obtained from the www.freeerisa.com website.
When opening the form attachments on this page for the first time, you may encounter delays. If you are unable to open the attachment, please contact the Fund Administrator.
You should consult your financial advisor or tax professional to determine the potential tax consequences and appropriate tax treatment for your situation.