Excerpt: In light of a controversial statement included in the new 402(f) safe harbor notice, plan sponsors should take note of an often misunderstood rule with respect to after-tax contributions. If a participant has after-tax contributions, the participant may roll over those amounts through either a direct rollover or a 60-day rollover. However, if the participant does a direct rollover of only a part of the account and receives a distribution of the rest, each payment will include an allocable portion of the after-tax contributions.  MORE >>