ClientMultiple U.S.-based 401(k) Third-Party Administration (TPA) firms
SkillsDistribution processing, tax withholding compliance, 1099-R preparation, QDRO and RMD handling, documentation, audit support
Websitehttps://speedway-solutions.com/

From request to payout — compliant, accurate, and stress-free distributions.

Before any transaction moves forward, we carefully review distribution requests for eligibility, proper documentation, and plan provision alignment. This prevents costly errors, reduces back-and-forth, and speeds up processing times for both TPAs and participants.

Compliance with Tax Withholding Rules

We apply the correct federal and state withholding rates for each distribution type, avoiding miscalculations that could cause penalties or participant complaints. Our process also ensures accurate reporting for year-end tax purposes.

1099-R Reporting Made Simple

We handle the preparation and verification of IRS Form 1099-R, ensuring every code, amount, and detail is correct before submission. This attention to detail safeguards both TPAs and plan sponsors from compliance missteps.

Specialized Distributions Expertise

From Qualified Domestic Relations Orders (QDROs) to Required Minimum Distributions (RMDs), hardship withdrawals, and loan payoffs, we navigate the unique requirements of each scenario. Our expertise helps TPAs process even the most complex payouts with confidence.

Fast Turnaround Without Sacrificing Accuracy

We understand that participants expect their payouts quickly. That’s why our workflow is designed to deliver fast turnaround times without compromising on documentation, verification, or compliance checks.

Thorough Documentation & Recordkeeping

Every step of the distribution process is fully documented, from request intake to payout confirmation. We maintain clear records for audit purposes, ensuring TPAs and plan sponsors are always prepared for regulatory review.