blue Posted January 30, 2008 Posted January 30, 2008 Client is terminating their 401(k) plan and starting a 403(b) plan. 401(k) plan assets are being distributed to all participants. If a participant (over 70 1/2) is actively employed and intending to roll their 401(k) balance into the 403(b) plan, do we first have to take the RMD?
Kimberly S Posted January 30, 2008 Posted January 30, 2008 The RMD is not eligible to be rolled over.
Jim Chad Posted January 30, 2008 Posted January 30, 2008 If the Participant is not an owner and he is still employed, I don't think there is a Required Minimum Distribution. IMHO
Kimberly S Posted January 31, 2008 Posted January 31, 2008 That might be true. It depends on whether or not the document eliminates the non-owner's right to receive an RMD while still employed.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now