Rollover Dist.

[Guest moltengater]

Participant A's plan terminates in 12-04. Participant A fills out distributions forms indicating he wants to roll money into Company B's plan - provides address and account number and everything required to roll over money except Participant A does not sign the form. Participant A's distribution is processed by investment company and money is rolled into Company B's plan.

Participant A provides rollover ceertification form to company B indicating this is valid rollover. Company B accepts and deposits funds into it's plan. Participant A now decides he did not want to roll money over - he wants cash - however, Company B's plan only allows for inservice withdrawals for those reaching 59 1/2 and no available options exist in prototype document to allow immediate withdrawal of rollover funds.

Is the initial rollover done by prior investment company invalid becuase the participant did properly execute the form? Rollover amount is approx. $3000.

Could company B distribute the funds without violating the plan document under the assumption that it was an ineligible rollover as Employee A never signed the forms.