Guest medinael Posted November 19, 2004 Posted November 19, 2004 Can a SIMPLE 401(k) be "merged" into a new SEP IRA or must the SIMPLE be terminated and the funds rolled over?
Bird Posted November 20, 2004 Posted November 20, 2004 Oops, started a lengthy reply about SIMPLE IRAs but then see it is a SIMPLE 401k. No, you can't merge a qualified plan into an IRA, so you'd have to terminate and let employees roll if desired. Ed Snyder
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