Jump to content

Distributions upon 401(k) Plan Termination


Recommended Posts

Plan Document (Adoption Agreement) currently does not permit automatic rollovers of balances between $1,000 and $5,000.

Is there an exception in the event of a plan termination that says the funds may be automatically rolled to an IRA in the absense of a participant election? Or does the document need to provide for auto rollovers? (The participants will have been given a distribution packet and the option to elect the form of distribution.).



Link to comment
Share on other sites

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 account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...