abanky Posted March 21, 2007 Posted March 21, 2007 I have a db plan where each participant (all plan participants are HCEs) has a separate rollover account in the plan. The plan sponsor wishes to continue the db plan but allow everyone to take their rollovers to IRAs or cash out... Does anyone see any problems with this? Is this allowable? Do they have to wait until NRA? Figured it out... but i can't figure out how to delete
david rigby Posted March 21, 2007 Posted March 21, 2007 Don't delete. Please show your answer, and references. Leaving it here will make it a reference for others in the future. 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 March 21, 2007 Posted March 21, 2007 May not be a complete reference, but Relius's checklists allow for rollovers (and rollover account money) only to be distributed at any time. Assume that the IRS has vetted this over the last few cycles...
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