Roth In-Plan Conversion

[Nassau]

Client is seeking to lower their in-service withdrawal to age 40 with 2-yrs of service in order for a participant to make a Roth In-Plan conversion.

Question - Is the lowering of the age to 40 plus years of service requirement a possibility?

Client email: What we are looking for, is a Roth conversion-only for the profit sharing balances. We are thinking something like at age 40 with 2 years participation one can convert to “Roth profit-sharing conversion”. If you have something like this, I would like to see what the amendment looks like.

[Guest Sieve]

Yes, for employer contributions (other than QMAC & QNEC & MPPP).