Guest DWoodard Posted December 1, 2005 Posted December 1, 2005 If it is possible, where can I find information on migrating/converting a DB plan to a DC plan?
AndyH Posted December 1, 2005 Posted December 1, 2005 "migrating"??? Maybe that could be useful some day. "Converting" cannot be done. You must terminate the DB and establish a DC.
david rigby Posted December 2, 2005 Posted December 2, 2005 Not quite, but the net effect is about the same. I suggest your best source of information is your friendly neighborhood Enrolled Actuary. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
mwyatt Posted December 2, 2005 Posted December 2, 2005 In a nutshell: 1) Terminate the DB plan 2) Lump sums, if so elected, rollover to the DC plan. There is no other way...
AndyH Posted December 2, 2005 Posted December 2, 2005 mike, I do like the thought of migrating this time of year.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now