stephen Posted September 4, 1998 Posted September 4, 1998 The two plans involved are sponsored by the same employer (daily 401(k) plan and a money purchase plan). The former employee (Terminated June 1997) would like to roll their Money Purchase balance into the 401(k) Plan. The 401(k) plan allows for rollovers from other qualified plans. Is there any reason not to allow for the rollover?
Larry M Posted September 4, 1998 Posted September 4, 1998 does document accept rollovers from non-participants? if so, on what basis? [This message has been edited by Larry M (edited 09-03-98).]
stephen Posted September 5, 1998 Author Posted September 5, 1998 They have a balance, therefore they are a participant, albeit inactive.
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