Tax Rules : Support

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

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) contribution; and (ii) on or after the date on which you reach age 59 1/2 (or upon disability or death). ...
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I am no longer with my Employer. What are my options?

As long as the Plan is active, you have the option of keeping your assets in your former Employer's Retirement Plan. However, depending on your account balance, your former Employer may elect to force your account out of the Plan to an IRA in your nam...
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How can I rollover existing retirement assets into my current account?

Please visit our Forms page http://forms.rpgconsultants.com/. On the left side menu, click on the second tab labeled “Account Management Forms” and download the “Rollover Acceptance Form for Qualified Retirement Assets”. This form must be completed and ret...
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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 withdra...
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Who is Considered a Highly-Compensated Employee (HCE)

A highly compensated employee generally refers to an employee who either satisfies the ownership test (owns more than 5% of the company) or the compensation test (compensation for the preceding year met the HCE threshold as defined by the IRS Annual Limits).
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What is the definition of a safe harbor match (SHM)?

The basic safe harbor match formula is 100% on the first 3% of deferred compensation and 50% on the next 2% for a max of 4% if you defer 5% or more. Sample Safe Harbor Match Illustration (Basic Match) Wages Deferrals Deferral Percentage SHM ...
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Qualified Automatic Contribution Arrangement (QACA) Requirements

A Qualified Automatic Contribution Arrangement (QACA) combines automatic enrollment provisions with the IRS’ Safe Harbor provisions. Thus, QACA plans increase participation among employees while also making the plan exempt from certain nondiscrimination te...
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How long does it take to get a loan withdrawal? What is the process?

The processing timeline for a loan withdrawal is 15 business days from the date of receipt of a signed promissory note & amortization schedule. When we initially receive your loan application form, we must first obtain Plan Sponsor approval prior to pr...
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When is the contribution deadline for employer contributions?

For retirement plan purposes, you have until 8 ½ months after plan year-end (9/15 for a calendar year plan) to make the non-elective/profit-sharing contributions. You have until 12 months (12/31 for a calendar year plan) after plan year-end for safe-harbor...
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Plan Implementation Notes & Instructions

Instructions Relating to the Forms & Documents Section of the Conversion Dashboard RPG Executed Agreement - Save a copy of the fully executed RPG contract for your records. Termination Letter(s) to Prior TPA/Recordkeeper - Termination letter(s) shoul...
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