PATA
Feb 23 2006, 06:16 PM
Is it allowed for a participant to take an inservice distribution from plan A (as long as plan As document allows) and roll it into another qualified plan (plan B) of which the participant of Plan A is also a participant? The reason is that the investment choices of plan B are better than plan A's choices.
This "rollover" can only be employer contributed $, not deferral correct? age issues? and finally, if the account is not 100% vested, how is that issue addressed?
Thanks!
PATA
Feb 28 2006, 08:55 PM
Anybody?...
saabraa
Mar 1 2006, 12:30 AM
Sounds ok to me, as long as it's a profit sharing plan.
RJMOB
Mar 14 2006, 06:35 PM
Plan A has to be either a PSP or an ESOP where the participant qualifies for a diversification distribution.
namealreadyinuse
Mar 14 2006, 08:03 PM
You mentioned vesting in the original post. Only vested money can ever be distributed. It would take a spin-off or merger to get nonvested money moved.
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please
click here.