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Showing content with the highest reputation on 03/18/2014 in all forums
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When a rollover isn't a rollover
Bill Presson and one other reacted to K2retire for a topic
Did the record keeper require a form along with the funds? If so, it is likely to include language certifying that the funds are from a source that are eligible to be rolled into the plan. A participant signature on that form should end the issue.2 points -
From the original post... ---Document calls for any employer allocation to be reduced so as not to cause "the annual additions to exceed the maximum permissible amount". Put another way... if the plan is a 401k, and at least $5,500 has been deferred, isn't the "maximum permissible amount" for a catch-up eligible participant $56,500?1 point
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