MarkGAllen

The answer I received from the company managing the plan stated that they would "get a list of eligible employees and start sending notices on 12/31/18." So if someone leaves the company on 12/31/17 they will get the option to rollover on 12/31/18. If someone leaves the company on 1/1/18 they will need to wait until 12/31/19. I have never encountered this before so the reason for the questions.

I will request a copy. I have requested twice already and have not received yet.

Yes I can direct investments among the funds that are available.

Thank you. I spoke with the company that manages the plan and they shared it is the only plan they have that has this provision. So the provision can be written in for any length of time from leaving the company. It is a family run business and the family is involved in every aspect.

First let me say I am not a benefits manager, I am in operations. I left my employer in March of 2017. The company has well over 1000 employees and has locations in 3 states currently. When I started my with my new employer, I attempted to rollover my previous 401k. I was informed by the administrator that my 401K would not be available for me to rollover or do anything with the account outside of the plan until Dec. 31, 2018. Not sure why this is the case and was wondering if anyone has ever heard of this in any plans.