transfer from conduit IRA to a qualified plan
Does anyone know if when you transfter money from a conduit IRA to a qualified plan and subsequently take a lump sum distribution whether or not all the money from the conduit IRA must be transferred or can only a portion be transferred?
Bill
Permalink Submitted by Alan Spross on Wed, 2010-02-17 19:18
Bill,
Distribution options out of the QRP are determined by the plan provisions. If you are still employed, some plans allow distribution of part of the contributions such as matching contributions and the plan may also have provisions about distributing rollovers from other plans. But you mentioned an LSD, so that means the entire balance would come out.
What do you have in mind here, rolling only part of the balance to a new employer plan or to a rollover IRA?
Permalink Submitted by Al Fry on Wed, 2010-02-17 19:44
Bill – What is your definition of a “Conduit” IRA? I means different things to different people and is really kind of an obsolete term.