PSP terminated April 2018. PSP assets were directly rolled over to a Individual 401k created April 2018.
I401k Summary Plan Description states:
"Can I withdraw money from the Plan while I am still employed? You will be able to take certain distributions from the Plan while you are still working for your Employer, as indicated below.
In-Service Distributions
You may request a distribution of your rollover and transfer contributions at any time."
Can I do a direct rollover of a portion of the assets in the I401k to my SEP IRA? Will this trigger the 10% tax penalty? Anything I should be aware of?
Thanks for your help.