rollovers

[Gary]

a profit sharing plan accepts rollovers in its adoption agreement.

i do not have possession of it's plan document at this time.

If a profit sharing plan accepts rollovers, does it follow that it accepts rollovers from all employees or could it be drafted to only accept rollovers from plan participants and thus employees not yet participating in the plan could not rollover an account into the profit sharing plan?

And if it requires an employee be a participant, then such plan can be amended to eliminate its acceptance of receiving rollovers and thus new participants after the amendment could not rollover money into theplan.

Thanks

[QDROphile]

Rollovers can be limited to persons who have satisfied conditions to participate. Acceptance of rollovers can be stopped, as long as the amendment is not discriminatory.