Merge 401(k) Plan into Simple IRA Plan

[Logan401]

Short question, hopefully the answer is as well.

Can a 401(k) now be merged into a Simple IRA Plan? I know you can rollover a 401(k) to a SIMPLE IRA, however, I cannot find topics on plan mergers.

Thank you

[Bird]

No.  A plan and an IRA (and a SIMPLE IRA is a form of an IRA) are two different animals.  

[Larry Starr]

8 minutes ago, Bird said:

No.  A plan and an IRA (and a SIMPLE IRA is a form of an IRA) are two different animals.  

Right as rain!

[Logan401]

I would like further clarity when they say that the new law in 2015 can now allow SIMPLE IRA plans to accept transfers from traditional plans. What are they implying by the word "transfer"?

[Bill Presson]

1 hour ago, Logan401 said:

I would like further clarity when they say that the new law in 2015 can now allow SIMPLE IRA plans to accept transfers from traditional plans. What are they implying by the word "transfer"?

Rollover. Prior to that year, only SIMPLE IRA money could be rolled into a SIMPLE IRA account.

 

https://www.irs.gov/pub/irs-tege/rollover_chart.pdf