Rollover from old 401(k) to new SIMPLE
Company A was bought out by Company B. A closed their 401(k) plan before the sale. B opened a new SIMPLE. Are the employees allowed to rollover their 401(k) assets to the brand new SIMPLE?
Company A was bought out by Company B. A closed their 401(k) plan before the sale. B opened a new SIMPLE. Are the employees allowed to rollover their 401(k) assets to the brand new SIMPLE?
Permalink Submitted by Alan - IRA critic on Mon, 2018-02-05 23:38
No. A SIMPLE IRA cannot accept rollovers other than from another SIMPLE IRA for two years after the first contributions were made to the SIMPLE IRA.