Pension Panda Posted March 22, 2007 Posted March 22, 2007 The EGRRA amendment allows a traditional IRA rollover into the plan. I have researched everything I could find & it looks like we are just supposed to treat this IRA rollover like any other unrelated rollover from a qualified plan. Other than requiring the participant to certify there are only pre-tax contributions and earnings in this rollover, is there anything else to watch out for? This really looks too easy to be true. What's the catch?
JanetM Posted March 22, 2007 Posted March 22, 2007 It is that easy, ask participant and IRA custodian for statement that the funds and earnings are pretax and you are covered. Also make sure the plan is amended so that it allows IRA rollovers to the plan. JanetM CPA, MBA
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