Barbara Hanis Posted May 11, 2018 Posted May 11, 2018 I know this is true for 401(k) and 403(b) plans , but can someone let me know if there could be (2) plan providers for a church plan? And also: Are only conduit IRA's allowed into the plan?
Patricia Neal Jensen Posted May 14, 2018 Posted May 14, 2018 There can be two providers for a church plan. Could be two plans for that matter. No 5500's etc. Any permissible rollover is allowed. Not limited to conduit IRA's . Patricia Neal Jensen, JD Vice President and Nonprofit Practice Leader |Future Plan, an Ascensus Company 21031 Ventura Blvd., 12th Floor Woodland Hills, CA 91364 E patricia.jensen@futureplan.com P 949-325-6727
Barbara Hanis Posted May 15, 2018 Author Posted May 15, 2018 Great, thank you for the confirmation, I appreciate it!
Patricia Neal Jensen Posted May 15, 2018 Posted May 15, 2018 As you might have figured out, we do a lot of this and I am the Practice Leader. If you ever want to communicate with me directly: Patricia.Jensen@QBILLC.com Always glad to help. I have been helped by many over the years ... payback! Patricia Neal Jensen, JD Vice President and Nonprofit Practice Leader |Future Plan, an Ascensus Company 21031 Ventura Blvd., 12th Floor Woodland Hills, CA 91364 E patricia.jensen@futureplan.com P 949-325-6727
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