Automatic Rollover Requirements

[Guest cicday]

Client is non-gov, not for profit entity with a 457(b) Eligible Deferred Comp Plan.

Current plan document contains a "Involuntary Distributions" section that states: "The Administrator may establish a policy, in accordance with Code Section 457(e)(9)(A), for distribution of a Participant's account without the Participant's consent if the value of the account does not exceed $5,000."

Is this plan subject to the new automatic rollover requirements?

[R. Butler]

See IRS Notice 2005-5; particulary Q&A 6.

http://benefitslink.com/IRS/notice2005-5.pdf