Rolled over cash balance benefit into new cash balance plan

Curious how others handle this one!

Hypothetically, say we have a plan that strategically terminated and when paying out the benefits were told to roll them into an IRA.  However, said owners put all of the money into the trust for a new plan they were setting up. How should this rollover be treated/tracked in the new plan?  The new plan does allow rollovers, so no issue there. 

It’s tracked as a rollover, but that assumes the prior plan actually terminated and the completed benefit election form indicated a lump sum rollover to this new plan. If not, that should be addressed first.

Regardless, sure to offset the 415 limits in the new plan by the adjusted value of the old plan benefit based on the date paid, amount paid, and years of participation (a multiple annuity start date calc is needed for that).

Embedded in the original question is an implication of something else going on.  Perhaps, "owners" trying to hide the "new plan" from other employees?  Failure to identically communicate to all participants?  Other subterfuge?  

Was this an owners only plan or were only the owners' lump sums rolled into the new plan?

The new plan's document should specify treatment, which should be as a segregate account.

Strategically terminated? But then rollover into a new plan of the same type? Sounds more like some stratgery.

you need to lay out the facts better.  if there was a 401k plan termination, they did not have a unilateral right to move the distribution into a new plan.  There would have had to have been a plan merger, not a plan termination.  The only way we can assist is you have to have the facts.  Also, you need to try to be precise in the terms you use of at least provide more information in the way you describe things... e.g., some will say rollover, when it is a transfer, etc. etc. etc.