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Annuity Distribution Rollover from Break in Service

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I left my employer sponsored ERISA plan over 2 years ago and left my annuity balance there.  I decided in December of 2019 to roll over my annuity into my 401-k plan at my current place of employment and the check sent to my 401-k was dated /7/2020.   I took the balance as of 12/31/18 because the accounts are valued on an annual basis .  The valuations take place in April and I was expecting to receive earnings for the plan year 2019.  When I called the Fund office today I was told I am not eligible for any investment earning because I had to have an annuity balance on the valuation date of April 2020.  I feel I am being robbed a full year of interest and we know that 2019 was a good year for investments.  Does this seem legal?

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In addition, please edit your original post to correct the faulty date.

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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