Are employer-sponsored plans required to give employees the option to do direct rollovers?
Yes, as long as the direct rollover is to an IRA. Every plan, as a condition of qualification, must provide that a distributee of an eligible rollover distribution may elect to have the distribution transferred directly to an IRA. Distributions of less than $200 are excluded from the direct rollover requirement. (See below direct rollovers from other eligible retirement plans.
Yes, as long as the direct rollover is to an IRA. Every plan, as a condition of qualification, must provide that a distributee of an eligible rollover distribution may elect to have the distribution transferred directly to an IRA. Distributions of less than $200 are excluded from the direct rollover requirement.
