Undo New 401k Transfer
Is it possible to undo a transfer from an old 401k into a new 401k with the objective of placing the funds into an IRA?
Is it possible to undo a transfer from an old 401k into a new 401k with the objective of placing the funds into an IRA?
Permalink Submitted by Alan Spross on Fri, 2010-10-08 22:15
It depends on the plan document. Many plans do allow in service distributions of rollover dollars from a prior plan, but they do not have to. Check with the plan administrator or plan SPD.