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Full Version: SEP rollover to 401(k) - 2 year requirement?

BenefitsLink Message Boards > Retirement Plans > SEP, SARSEP and SIMPLE Plans

FundeK

Oct 21 2004, 07:24 AM

Is there anything that requires a SEP IRA to be in existense for at least two years before you can roll it into a 401(k) plan?

Thanks

Appleby

Oct 21 2004, 08:23 AM

No.
That rule applies to the SIMPLE IRAs, where the SIMPLE IRA cannot be transferred or rolled to an eligible retirement plan until two years after the first contribution was made to the account.

...and as Gary Lesser says about SARSEPs

QUOTE

Keep in ind that elective contributions from this traditionl IRA (SEP) may not be rolled over to another traditional IRA until after a determination has been made that the 125% test has not been exceeded, or if earlier, March 15, following the end of the plan year.

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