wifrbr Posted February 23, 2018 Posted February 23, 2018 There is a EE who was a non-union EE, he is now a union EE. The plan excludes unions EE. Can this EE take his money of of the plan now because he is no longer eligible/excluded?
ESOP Guy Posted February 23, 2018 Posted February 23, 2018 Not unless it allows for an in-service distribution. Read the document again. Unless there is an in-service distribution provision all other distributions are will say they happen after some kind of termination. It doesn't say when one is no longer eligible. Going to get on my soapbox on this one.... This really is one of these questions that is very easy to answer by reading the document.
david rigby Posted February 24, 2018 Posted February 24, 2018 It's probably in the SPD also. 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.
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now