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Posted

I apologize if this has been posted but I haven't been able to find consistent information regarding all of my questions. I have a Plan with both a traditional and roth 401k feature. Participant Age 50 wants to move money into a Roth account (either 401k or IRA).

1) Can someone move money from Traditional 401k to Roth 401k in the same Plan?

2a) Can someone under age 59.5 (assuming the Doc allows for 59.5 withdrawal) transfer money to a Roth IRA?

2b) Is there any way to make an amendment to allow for the above?

Thank you, in advance, for your assistance.

ERPA, QPA, QKA

Posted


Pre-tax deferrals in a 401(k) plan cannot be recharacterized as Roth deferrals.

In-service withdrawal of salary deferrals is not permitted before age 59 1/2.

The document could be amended to permit in-service withdrawal of some (but not all) employer money types before age 59 1/2.

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