DB distribution

[retbenser]

A one-person DB plan. Participant, age 55, wants to take distribution and roll it over to a Roth IRA.

What are his options?

(a) in-service distribution? (not possible since he is less than NRA)

(b) terminate plan? (is it possible to establish a new plan in the future?)

Any other options?

Thanks.

[ScottR]

I don't see how he could take an in-service distribution, since he's not 62 and not beyond NRD. I suppose you could amend the NRA to 55, but that would seem foolhardy in light of recent IRS position on NRA's below 62.

Plan termination would be a viable option. Can he later set up a new DBP? I don't see any problem.

.. Scott