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-   -   401K -> qualified retirement plan rollover? (http://www.accountantforums.com/401k-qualified-retirement-plan-rollover-t13380.html)

Steve Pope 04-11-2005 05:54 PM

401K -> qualified retirement plan rollover?
 
I recently separated from employment and have funds in a
401K. Normally I would roll these over into an IRA.
However, I have a single-participant QRP at Schwab (formerly
a Keogh, but it Guth-converted into a QRP back in 2002.)

Can I rollover the 401K into the existing QRP?

If it makes any difference, the business for which the QRP
was established was active from 1996-2000 and is again
active in 2005.

Thanks,
Steve

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A.G. Kalman 04-13-2005 07:30 PM

Re: 401K -> qualified retirement plan rollover?
 
Steve Pope wrote:

> I recently separated from employment and have funds in a
> 401K. Normally I would roll these over into an IRA.
> However, I have a single-participant QRP at Schwab (formerly
> a Keogh, but it Guth-converted into a QRP back in 2002.)
>
> Can I rollover the 401K into the existing QRP?
>
> If it makes any difference, the business for which the QRP
> was established was active from 1996-2000 and is again
> active in 2005.


A 401(k) is a QRP. Therefore, you can rollover the 401(k)
into your existing QRP and avoid taxation. However, check
with CS to see if your plan accepts rollovers. It is not a
given.

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