Golgi Posted April 5, 2011 Posted April 5, 2011 Company A and Company B are controlled. Company A Sponsors Plan A and Company B sponsors Plan B. Both are 401k plans. Participant is leaving Company A and going to work for Company B. Can she request a distribution? Can she roll over her funds from Plan A to Plan B? Note the plans will be merging into one plan in September.
QDROphile Posted April 5, 2011 Posted April 5, 2011 Single employer, no severance from employment, no distribution, no rollover. If the participant is entitled to an in-service distribution, that could be rolled over depending on plan terms for accepting rollovers. Plan to plan transfer is possible if plan terms provide for it.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now