medinael
Nov 19 2004, 02:23 PM
Can a SIMPLE 401(k) be "merged" into a new SEP IRA or must the SIMPLE be terminated and the funds rolled over?
Bird
Nov 19 2004, 08:54 PM
Oops, started a lengthy reply about SIMPLE IRAs but then see it is a SIMPLE 401k. No, you can't merge a qualified plan into an IRA, so you'd have to terminate and let employees roll if desired.