BenefitsLink Message Boards > Rollover from SIMPLE 401(k) to SIMPLE IRA

Help - Search - Members - Calendar

Full Version: Rollover from SIMPLE 401(k) to SIMPLE IRA

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

billfgrady

Oct 20 2009, 08:33 AM

Can funds from a SIMPLE 401(k) be rolled over into a SIMPLE IRA?

GMK

Oct 20 2009, 08:37 AM

Try the pdf link here:

http://benefitslink.com/boards/index.php?s...c=43681&hl=

hope it helps.

billfgrady

Oct 20 2009, 10:17 AM

Thanks, I checked the attached rollover chart this morning before I posted, but SIMPLE 401(k) is not included. Is a SIMPLE 401(k) a qualified plan, a SIMPLE IRA or something else for rollover purposes?

GMK

Oct 20 2009, 10:27 AM

My understanding is that a simple 401k is a qualified plan.

http://www.simple401k.com/simple_401k.html

Gary Lesser

Oct 20 2009, 10:46 AM

No. A simple 401(k) can not be rolled over to a SIMPLE-IRA. No rollover to a SIMPLE IRA is permitted from a qualified plan of any type.

This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.