Christopher

Hello everyone, A client has an existing SIMPLE 401(k) plan and wants to switch to a traditional 401(k) plan. My understanding is that because a traditional 401(k) is considered to be a successor plan (a.k.a. alternative defined contribution plan) under 401(k)(10)(A), the deferrals from the SIMPLE 401(k) cannot be distributed when switching to a traditional 401(k). I appreciate your input. Thank you. Christopher Wilson

Hello everyone. If a participant needs and obtains spousal consent for an in-service distribution, does that spousal consent remain in effect for subsequent distributions? If so, for how long does the spousal consent remain in effect if they want to take a second distribution after the first distribution?