Rollover of Funds

[Ellie Lowder]

Michael is exactly right under current law. Many of us believe we will get new legislation (eventually) that will permit rollover of eligible r/o distributions interchangably, even including the ability to rollover 457 eligible deferred compensation assets to an IRA. Watch for that new pension portability which is a popular "item" with most.

[Guest Ann Thompson]

Can a participant roll a distribution from profit sharing plan into a 403(B) plan?

[Michael Devault]

Not under current law. The profit sharing distribution can be rolled to an IRA or to another retirement plan described in section 401(a) or an annuity plan described in section 403(a). Only distributions from another 403(B) plan can currently be rolled into a 403(B) plan.

Hope this helps.