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    Damian Bell's Avatar
    Damian Bell Posts: 1, Reputation: 1
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    #1

    Jan 29, 2008, 08:47 AM
    401 k plans
    Is there list available of corporations allowing employees to execute in service transfers from their 401k plans to a rollover IRA ?

    Damian Bell
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #2

    Jan 29, 2008, 09:18 AM
    None that I know of. You can rollover a distribution from the plan, but you can't withdraw funds to place in an IRA.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #3

    Jan 29, 2008, 11:46 AM
    Scott - actually, I believe that some plans allow in-service rollovers to an IRA - I believe (but not sure) that they are pretty much limited to employees over 59-1/2 and/or doing a 72t distribution. I suspect that very few plans actually allow for this type of withdrawal.

    Damian: I don't know how to get such a list - sorry - but I am curious as to why you are searching for one - are you looking into marketing annuity plans to employees of companies that do allow such a rollover?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #4

    Jan 29, 2008, 11:57 AM
    Quote Originally Posted by ebaines
    actually, I believe that some plans allow in-service rollovers to an IRA - I believe (but not sure) that they are pretty much limited to employees over 59-1/2 and/or doing a 72t distribution.
    Good point. I was thinking only prior to 59-1/2.
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