Nicholas Pension Consultants
Nova 401(k) Associates
Compensation Strategies Group, Ltd.
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|Transferring a Whole Life Policy Into a 401(k) Plan|
BenefitsLink Message Boards
July 14, 2021
"Client wants to transfer a whole life policy on his life to a profit sharing plan in which he is a participant. I believe a class PTE allows a transfer subject to certain requirements dealing with value. Can he make it as an in-kind contribution equal to the cash surrender value?"
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