Rollover of death benefit by beneficiary to Distributing Plan

[michaelhughes]

Participants husband and wife in same plan.  Reciprocal beneficiary designations-His to her and hers to him.  Wife has died.  Husband is, as stated, the  beneficiary and has requested an immediate lump sum. Husband want to Roll over the distribution to his rollover account in the distributing plan. Can this be accomplished by an intra plan transfer?  1099 to be issued with G code.   What am I missing?  See the attached "Rollover Chart" from IRS, as annotated with highlight.  Thanks for your thoughts.

rollover_chart.pdf

[justanotheradmin]

Almost this exact question was asked just a day ago. See: 

 

My two cents added:

Does the plan allow incoming rollovers? Just because the IRS rollover chat says its okay doesn't mean the plan has to allow it. 

Kind of plan is it? defined benefit? 401(k)?

That being said - almost all of the 401(k) plans I've worked on over the years would be fine with the rollover. The husband would elect a rollover death distribution via whatever the typical distribution process is. Money would be recoded from the wife's account to his, a 1099-R issued showing the non-taxable death rollover, and that would be it. 

[michaelhughes]

Thanks for the response and the reference to another recent post.  You are not justanotheradmin!   The plan is a 401(k).  It does all incoming rollovers.   Thanks again.

[justanotheradmin]

You are welcome!