Barbara Posted August 30, 2018 Posted August 30, 2018 We have a frozen DB plan where the 25 highest paid restrictions come into play. We understand that participants who are restricted may elect to take a lump sum payment each year equal to the sum of 12 monthly life annuity payments. Question: may these 12 monthly payments aggregated into a lump sum be rolled over to an IRA?
Calavera Posted August 31, 2018 Posted August 31, 2018 No. See following for more details: https://benefitslink.com/boards/index.php?/topic/53060-top-25-lump-sum-restrictions/https://benefitslink.com/boards/index.php?/topic/44667-restricted-distribution-eligible-for-rollover/https://www.irs.gov/pub/irs-wd/1031042.pdf Dave Baker 1
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