Rolling assets from a Simple IRA into a 401k

[Guest LSULLIVAN]

I know the holding period for moving simple IRA assets into a 401k is 2 years starting the calendar year contributions start. Can someone clarify if this period is on the plan level or the participant level? In other words, if the plan started contributions in 2005 yet there were new participants that joined in 2007, can everyone's assets transfer into to the 401k or does everyone's period start in the year in which they started to contribute?

Thank you for your help

[Appleby]

It’s on the participant level.

The two-year period starts the day the first contribution is made to the individual’s SIMPLE IRA