Rollover from SIMPLE 401(k) to SIMPLE IRA

[billfgrady]

Can funds from a SIMPLE 401(k) be rolled over into a SIMPLE IRA?

[GMK]

Try the pdf link here:

http://benefitslink.com/boards/index.php?s...c=43681&hl=

hope it helps.

[billfgrady]

Thanks, I checked the attached rollover chart this morning before I posted, but SIMPLE 401(k) is not included. Is a SIMPLE 401(k) a qualified plan, a SIMPLE IRA or something else for rollover purposes?

[GMK]

My understanding is that a simple 401k is a qualified plan.

http://www.simple401k.com/simple_401k.html

[Gary Lesser]

No. A simple 401(k) can not be rolled over to a SIMPLE-IRA. No rollover to a SIMPLE IRA is permitted from a qualified plan of any type.