Are DB plan assets rollable to a qualified plan?

[Guest Why]

We have a client who is spinning out a new non-profit and their existing employer (United Way) has a DB plan, can those assets be rolled into a qualified plan?

Also this new group will only be 4 participants, what is their best option for a new retirement vehicle?

Thanks

Why

[SoCalActuary]

Does your firm have an actuary who can explain DB spinoffs? The subject has some subtleties that are fact driven and require on-site expertise,

Generally, a db plan like United Way will give instruction on how benefits can be spun off. They are in control of the rules. Your new non-profit needs to decide if they want to keep a db or not. If not, UW will keep the plan benefits in their plan with no future accruals.

[david rigby]

Yeah, and please remember there is a significant difference between "spinoff" and "rollover".