Rollover

[mlp0816]

An eligible employee (plan doc states that employee's are eligible to join the 401(k) plan after one hour of service) wants to roll his 401(k) from a previous employer into his current employers plan. However, enrollment dates for the current plan are Jan 1 and July 1. Can this employee set up the rollover account now, prior to the actual enrollment date of Jan 1?

[WDIK]

The plan document should also address who is eligible to rollover into the plan. Some documents limit such rollovers only to eligible participants, others allow it for all employees. If the plan language is the former, a rollover could only occur after the participant's entry date.