K-t-F Posted February 2, 2021 Posted February 2, 2021 This problem has probably been answered. Today I learned that a plan participant terminated during the year and the financial advisor rolled out the balance to an IRA. Little did they realize that the participant is due a SH contribution in addition to a NEC employer contribution. Do they need to re-establish an investment account and roll the funds over or can the contributions be directly paid to the rollover IRA? Its not easy being green
MWeddell Posted February 2, 2021 Posted February 2, 2021 The contributions will definitely be made to the plan, not the participant's IRA. Luke Bailey 1
K-t-F Posted February 8, 2021 Author Posted February 8, 2021 That is how it will be done. Thanks. Its not easy being green
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