cjbaustin Posted October 7, 2015 Posted October 7, 2015 I have a participant that received life insurance from a parent's death and the participant has received the cash, can this cash be rolled into the 401(k) Plan. To the best of my knowledge the answer would be no, dose anyone know anything different?
ETA Consulting LLC Posted October 8, 2015 Posted October 8, 2015 It cannot. Good Luck! CPC, QPA, QKA, TGPC, ERPA
david rigby Posted October 8, 2015 Posted October 8, 2015 It may be prudent to inquire about the source of this "life insurance" payment. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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