Can I do a trustee to trustee transfer on my 401K eventhough I am not leaving my job? - trusteed ira
My company was recently recognized by another company, which claims to have bought for our 401 K on a plan beforehand, which deals with the performance. I read that you are a fiduciary of the 401K into an IRA can transfer all 365 days, but I did not know if you can even do it, if you are still employed with the same company.
Sunday, January 17, 2010
Trusteed Ira Can I Do A Trustee To Trustee Transfer On My 401K Eventhough I Am Not Leaving My Job?
3 comments:
It depends if the purchase is a purchase of assets or shares.
If there is a purchase of assets, while you remain in the plan and trust top is not an option.
If one shares then the possibility of a reversal.
Legally, they must seize the opportunity, the distribution of rollover, if a buyout. So if you have or not, then it is likely to acquire an asset, which binds to a different plan.
There are many different options, 401K plans are implemented.
You can borrow mine plan, but no way to move money out of it when they leave the company. It is a force majeure clause, but it is necessary to exclude anyone at home, so it works.
Then you need to speak with the administrators of the plan, the one time may not participate.
Prohibited by law. The company could.
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