QNPG Posted February 3, 2011 Posted February 3, 2011 Is the ability to take a distribution from your rollover account from a 401k Plan "at anyt time" a protected benefit? "Great thoughts reduced to practice become great acts." William Hazlitt CPC, QPA, QKA, ERPA, APA
401king Posted February 3, 2011 Posted February 3, 2011 I'm not positive about it, but I believe that because in-service distributions are protected benefits that the ability to take an inservice distribution from a rollover also falls under the protected benefits category. This is with the additional presumption that many individuals may not have rolled in the funds if there wasn't a provision allowing them to roll-out. R. Alexander
QNPG Posted February 3, 2011 Author Posted February 3, 2011 Thank you. I kind of felt that way but I was hoping for the best! "Great thoughts reduced to practice become great acts." William Hazlitt CPC, QPA, QKA, ERPA, APA
BG5150 Posted February 3, 2011 Posted February 3, 2011 Can always take it away prospectively, I think. Anything rolled in after amendment date must stay until a distributable event, for instance. QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
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