K-t-F Posted February 23, 2006 Posted February 23, 2006 Is it allowed for a participant to take an inservice distribution from plan A (as long as plan As document allows) and roll it into another qualified plan (plan B) of which the participant of Plan A is also a participant? The reason is that the investment choices of plan B are better than plan A's choices. This "rollover" can only be employer contributed $, not deferral correct? age issues? and finally, if the account is not 100% vested, how is that issue addressed? Thanks! Its not easy being green
saabraa Posted March 1, 2006 Posted March 1, 2006 Sounds ok to me, as long as it's a profit sharing plan.
Guest RJMOB Posted March 14, 2006 Posted March 14, 2006 Plan A has to be either a PSP or an ESOP where the participant qualifies for a diversification distribution.
namealreadyinuse Posted March 15, 2006 Posted March 15, 2006 You mentioned vesting in the original post. Only vested money can ever be distributed. It would take a spin-off or merger to get nonvested money moved.
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