Even if your Plan requires spousal consent for distributions, spousal consent is not required for an IPR transfer or IPR rollover because no cash is being distributed from your account.

Sep 12, 2022 · For those plans, married participants must have their distribution paid in the form of a “qualified joint and survivor annuity” (QJSA), unless the spouse gives consent to another form of …

An in-plan Roth conversion involves complex income tax issues and, once it is processed, it is irrevocable and cannot be reversed. While CalPERS and Voya Financial® representatives are able …

Feb 16, 2023 · Before an employer allows IRRs, it must allow participants to make Roth elective deferrals. If an employer does not already offer a designated Roth contribution program, it generally …

Q: What factors should I consider when choosing between a Roth in-plan conversion and a Roth IRA conversion? A: Although your plan may now permit Roth in-plan conversions, you may also be …

A distribution attributed to an in-plan Roth conversion is treated as first coming from your earliest in-plan Roth conversion (first-in-first-out basis) and is allocated first to the taxable amount of that rollover.

Under federal rules, conversions are irreversible; no exceptions are allowed. We strongly encourage you to consult with your tax advisor before requesting an in-plan conversion.

Jul 3, 2025 · In-plan Roth conversions are treated as a withdrawal and a direct rollover back into an employer-sponsored plan and are therefore not subject to the 10% early withdrawal penalty.

Mar 20, 2025 · A Roth in-plan conversion allows employees to shift pre-tax retirement savings within an employer-sponsored plan, such as a 401 (k), into a designated Roth account. This process triggers …

Q: Must the plan allow Roth in-plan rollover and/or Roth in-plan transfer provisions? A: No. These are optional provisions. If you would like to add Roth in-plan conversion provisions to your plan, we …