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Rollover into existing 72t / SEPP Plan?

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ByTyler

L1: Rollover into existing 72t / SEPP Plan?I have an existing 72t / SEPP plan in place. I”m wondering if I can roll my current 401k into one of my existing accounts covered in the 72t/ SEPP plan or if I will need to establish a new one.
Thanks in advance for the assistance.2007-09-10 13:05, By: Tyler, IP: [162.93.199.1]

L2: Rollover into existing 72t / SEPP Plan?Tyler:
Although you didn”t specify in your scenario, I suspect that the value of your 401(k) was NOT included in your original SEPP Universe to calculate yourannual payments. If I am correct, then the answer is a resounding no. Simply put, you may NOT add to or take from an existing SEPP Universe in the manner you are describing.
If, on the other hand, your 401(k) was included in your SEPP Universe, andyouand / oryour employer have continued to makeadditional contributions to the K-plan, then you have a “busted plan” by definition per the above. If no additional contributions have been made, then combining them is an open question since we don”t have a really definitive answer due to a recent PLR and lousey answer from the IRS to TheBadger”s clarification inquiry.
Please provide additional information about your situation so we can give a more definitive answer. You are probably looking at setting up a new plan with the funds from your 401(k).
Jim2007-09-10 13:28, By: Jim, IP: [24.252.195.14]

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