CBenefits Posted April 5, 2019 Posted April 5, 2019 We had a participant that was upset their Plan didn't allow for their ROTH IRA to be rolled over to their Retirement Plan. They had a ROTH 401(k) and didn't reply when their Plan was terminating and was rolled over to a ROTH IRA. I was wondering if this was an IRS Rule or something that can be allowed.
WCC Posted April 5, 2019 Posted April 5, 2019 This is an IRS rule. see the following rollover chart: https://www.irs.gov/pub/irs-tege/rollover_chart.pdf
Luke Bailey Posted April 5, 2019 Posted April 5, 2019 The rollover chart only tells you what can and can't be rolled over. A plan does not have to permit Roth rollovers, just like it does not have to allow Roth deferrals or in-plan Roth rollovers. Question of what the plan's terms say. Check the SPD. Luke Bailey Senior Counsel Clark Hill PLC 214-651-4572 (O) | LBailey@clarkhill.com 2600 Dallas Parkway Suite 600 Frisco, TX 75034
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