Tax Rules : RPG Consultants

Tax Rules

Can I rollover my pre-tax and Roth dollars into one IRA?

Generally, tax-deferred assets are rolled over into a traditional/tax-deferred IRA while Roth assets are rolled over into a Roth IRA. However, you may ele...

Thu, 4 Jun, 2020 at 12:42 AM

Can rollover a portion to an IRA and distribute the rest to myself?

Yes, you may rollover a portion of your account balance to an IRA to avoid paying taxes and distribute the remainder to yourself as a taxable withdrawal.

Thu, 25 Jun, 2020 at 11:51 AM

Will my direct distribution of Roth assets be taxed?

Directed distributions from Roth assets are not taxable if the withdrawal is taken (i) at least five tax years from the year of your first Roth 401(k) contr...

Tue, 30 Aug, 2022 at 8:57 AM

Recent articles

When is the contribution deadline for employee contributions?

The due dates for depositing employee 401(k) deferrals differ depending on whether the plan is classified as small or large under Department of Labor (DOL) rules. Small Plan vs. Large Plan The distinction is based on the number of eligible participant...
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Is severance pay eligible compensation for 401(k) contributions?

Compensation paid after severance and payable solely because of severance (and not work performed) is not eligible compensation for 401(k) contributions. Compensation earned during employment (regular wages, commissions, bonuses) that is paid* afte...
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Legacy PDF Forms

For all participants who utilize the RPGFocus platform by accessing their account at RPGFocus Retirement Account Login for Plan Sponsors and Plan Participants (rpgconsultants.com): Your Plan is enabled for online withdrawal requests and it is recommend...
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Automatic IRA Rollovers/”Force-Outs” - Who is Penchecks Trust?

RPG utilizes the services of PenChecks Trust as a distribution agent for Force Out distributions. Following your separation from service, if the vested balance of your retirement account (excluding rollovers) does not exceed $7,000, and you do not req...
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SECURE Act 2.0 Automatic Enrollment Requirement

The SECURE Act 2.0 introduces an automatic enrollment requirement for new 401(k) plans adopted after December 29, 2022. This requirement must be in place starting with plan years beginning after December 31, 2024. Here are the key details: Initial Con...
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Can I take money out of my retirement account at any time?

If you are currently employed by the Plan's Sponsor, your Plan provisions may allow for the following three withdrawal options (these are not available in all Plans, please review the Summary Plan Description for details on your Plan's withdrawa...
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Where can I get a distribution form?

Your Plan is enabled for online distribution requests where you may initiate your account distribution/rollover from your Participant Portal and avoid having to complete and sign paper or PDF forms and attach supporting documentation. Log on to your Partic...
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Long-Term, Part-Time (LTPT) Employees

In December 2019, Congress passed the SECURE Act which included a provision regarding Long-Term, Part-Time (LTPT) Employees and their eligibility for company-sponsored retirement plans. This legislation – aimed at boosting retirement savings for part-time...
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IRS Notice CP216F

In some cases, as a precautionary measure, RPG will file a Form 5558 with the IRS to request an automatic 2.5-month extension of the Form 5500 filing deadline. This does not negatively impact your Company or Plan. This notice just confirms that the extensi...
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Top-Heavy Testing

Although sometimes confused with ADP/ACP discrimination testing (a utilization test), Top-Heavy is an asset-based test that compares the account balances of key employees to those of non-key employees. If the sum of all key employee balances exceeds 60% of...
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