Medallion Signature Guarantee

[David C.]

I'm attempting to move my i401k from one financial institution to another.

I'll be adopting the 'prototype plan' for the receiving institution. To comply with their demands, I must move the existing funds in this plan from the old insititution.

The 'old institution' requires a Medallion Signature guarantee on the 'Plan Administrator' signature on the 'asset transfer form(s)'.

I am the Plan Administrator for the plan.

I'm having trouble getting my 'medallion' - I do most of my banking at a credit union, my balances are too high for their medallion. They suggested I go to a regular bank.

I have an account at PNC bank, but they are wrapped around the axle on the fact that I am: 1. participant 2. plan administrator and 3. officer of the sponsoring employer.

Because I have no business accounts with them, they think they cannot do the medallion - its only for customers. However, I'm not signing as an 'officer of the corporate employer' - I'm signing as 'plan administrator' which is me the individual, who is an account holder.

Any ideas of where else I can go for a medallion?

Does anyone have experience with this?