Rolling SEP IRA into a Cash Balance Plan?

We have someone with an old SEP IRA plan that they are looking to roll the money into a Cash Balance Plan?  The value of the SEP is around $1.1 million, just for reference.

Thanks in advance!

Why?

Exactly. It is possible if the CBP document says rollovers are accepted, but it must be tracked as a segregated account (RK-wise, assets do not need to be physically segregated). It doesn't affect the benefit obligation of the CBP, so in the word of Effen:

1 hour ago, Effen said:

Why?

I am not sure I agree with a "separate account" notion.   If the plan is designed properly a participant can "purchase" an additional piece of benefit (an annuity) by rolling in his DC money.  That additionally purchased benefit is not subject to 415 and it is PBGC protected (if the plan is PBGC covered).   So, there might be some numerical leverage involved if/when segment rates go above 5.50%.  There is a lot of math there.  This is one potential why.   Need more info what people are trying to accomplish.

True, and good point.