Guest bigred Posted July 10, 2013 Share Posted July 10, 2013 Does anyone know if there are any requirement to track in-service rollovers to IRA's? It seems I remember something about this from a long time ago. Link to comment Share on other sites More sharing options...
ETA Consulting LLC Posted July 10, 2013 Share Posted July 10, 2013 There is a requirement to track inservice distributions (for at least five years) for Top Heavy determinations. It wouldn't matter if the distribution is rolled over. Also, under the bankruptcy rules, all IRA funds that were rolled over from qualified plans would be exempted from the bankruptcy estate (in addition to the $1 million in IRA assets). I cannot think of anything else, off-hand, that would necessitate tracking. Good Luck! CPC, QPA, QKA, TGPC, ERPA Link to comment Share on other sites More sharing options...
masteff Posted July 10, 2013 Share Posted July 10, 2013 Also depends on what you mean by "track"? As for once the money is outside the plan, EGTRRA made rollovers nearly universal so no longer need to use a conduit IRA to keep a QP rollover separate from other IRA funds. ETA Consulting LLC 1 Kurt Vonnegut: 'To be is to do'-Socrates 'To do is to be'-Jean-Paul Sartre 'Do be do be do'-Frank Sinatra Link to comment Share on other sites More sharing options...
Guest bigred Posted July 10, 2013 Share Posted July 10, 2013 Thanks guys. I didn't think it mattered in a non erisa 403b. Link to comment Share on other sites More sharing options...
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