Distributions can be processed in the Compliance module using the Distribution tool found by hovering over Transactions in the Compliance Menu. To be able to use the Distribution tool you will need to have transaction batches posted and run a transaction report such as the Detail Participant Account Report.
To create a new distribution click the Add New Distribution link which will open up a pop-up box. In this box select the participant, enter a description (ex. Smith Inservice), and click the Add Record button. In the Enter Distribution Data for Participant window choose the Type of distribution, regular vs. inservice, set the process date, and select whether or not the distribution fee is waived or not. If the Waive Fee option is set to No a field will appear in the Fee Amount section where you can enter the necessary distribution fee.
Next click the Review/Edit link which will open the Amounts Available for Distribution window where you will see the balances of the different sources. At the top of the window you can set the distribution amount to a lower dollar or percentage as necessary. Once the amounts are set click the Approve button and once the pop-up window refreshes click the Add Transactions link.
The software will create the distribution batch (and forfeiture batch if applicable) on the Transactions screen. There you can review and post the batch.