Madison Schmitt
Madison is the current Distribution Specialist with Retirement Plan Solutions. She focuses on the processing and submission of withdrawals, direct rollovers, and loans for plan participants with retirement accounts.
She graduated from The Pennsylvania State University in 2022 with a B.S. in Human-Centered Design and Development. She has over two years of experience with custom services and has experience in communications and technological services. She has been with the business for two years now and plans to stay for even more.
At Modern Private Wealth
A Distribution Specialist’s main focus is to manage the process of withdrawals, rollovers, and loans from retirement accounts according to the IRS regulations. This includes 401(k)s, 403(b)s, Employer Sponsored Plans, and Individual Retirement Plans (IRAs).
A Distributions Specialist also handles the processing of Required Minimum Distributions (RMDs), Hardship Distributions, and In-Service Request. This includes attaining the required documents needed and ensuring all requirements are met by both IRS regulations and Plan Documents rules.
A Distributions Specialist also advises plan participants on distributions options. This includes communication with participants, both by phone and email, and communication with plan advisors.
A Note From
Madison Schmitt
“The future depends on what you do today.”
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