Can participants roll over monies from a personal IRA into their NADART plan?
Yes. An eligible rollover distribution from an Individual Retirement Account (IRA) may be rolled over into the NADART plan. The amount that can be rolled into the qualified plan is generally the amount of the distribution from an IRA that is includible in gross income. Distributions from an IRA of after-tax contributions cannot be rolled over to the plan. Participants should consult their personal tax advisor before electing to roll over an IRA to the NADART plan.
Related Questions
- A participant is leaving his job and would like to roll over his NADART plan balance to an IRA or his new employer’s plan. What do I need to do to help him with this?
- Can I roll over funds from an IRA or another qualified plan to my defined contribution account?
- Can participants roll over monies from a personal IRA into their NADART plan?
