Transfer to Qualified Replacement Plan (QRP) - subject to QJSA?

[Jakyasar]

Hi

DB plan terminates and provides all participants their benefits, some rolled over into IRA's and some to the existing 401k/PS plan.

The residue i.e. overfunded portion, is transferred to the QRP under the terms of the plan and it will be allocated as profit sharing to all participants.

Upon distribution, is the portion under QRP subject to QJSA? If it is, best if all assets are subject to it otherwise nightmare to keep track of the assets.

Thank you

[Mike Preston]

It is allocated as an employer contribution. If employer contributions to your qrp are subject to qjsa then yes otherwise no.

[Jakyasar]

Mike, thank you

The only option in QR P is lump sum so no QJSA.