Rollover contributions by retirees

[Guest Bosco108]

I don't believe it can be done, but can a retiree (no longer working for the employer) make a rollover contribution of their account from another qualified plan of the employer to their 403(b) custodial account? For example: employer sponsors DB and 403(b) Participant retires with an accrued benefit in the DB and wants to roll over the lump sum value into the 403(b) (both plans are sponsored by their former employer)

[QDROphile]

Plan terms issue. Most 403(b) providers like money any way they can get it.

[masteff]

As QDRO said, it's a plan doc issue of how the receiving plan accepts rollovers. Usually no restriction in the plan that limits roll-ins to the window of employment... they're still a participant if they have a balance and generally any participant can do a roll-in.

I saw this several times a year at my former job... one of our DB plans had lump sums so EEs would roll to the k plan in order to use that plan's flexible w/drl options. Also on deminimis cashouts... we even designed our DB cashout form to make a rollover to the k plan that much easier.