Distribution of Rollover Contribution

[Stash026]

I have an active participant who has previously had a rollover into the Plan. She doesn't want to take a loan and the plan does not allow for in-service distributions. I don't see anything specific in the document, but would she be allowed to take a distribution out of her rollover account balance?

Thanks for everyone's help.

[Guest Sieve]

If the Plan doesn't provide for an in-service distribution--or at a minimum, an in-service distribution specifically from the rollover account--then you cannot distribute her rollover account until she meets some other plan distributable event (such as reaching age 59-1/2, disability, hardship, etc.).

[buckaroo]

Not the answer that you are looking for, but I would do throught the plan document again. My recollection is that some documents state that if a participant makes a rollover contribution into a plan that they can take a distribution of that rollover account at any time. My guess is that it may be addressed in the rollover section and not the disttribution section.

[Guest Sieve]

. . . of course, if the Plan doesn't have the appropriate language somewhere in the doucment, just amend it.