Greetings:

Do you really want to work for your old company in the future? If you are
not going to be doing any work for them and or you do not expect to be doing
any work then I would terminate all ties to your old company (financially)
if you have a substantial amount in your 401k. By rolling your monies over
to an IRA you gain full control of the monies for investment. One thing to
watch for though is the time factors for vesting if there is a match from
your former employer. If the company is good an solid and you have amounts
that are not vested you may want to wait so that you do not loose any
matching funds.

Regards,
Anton Johnson

"brgomeistr" <brgomeistr[at]yahoo.com> wrote in message
news:1106494080.518101.83740[at]c13g2000cwb.googlegroups.com...
- quote -

To answer your question, 401K contributions must come from wages. No
wages from your old employer, no contributions. Do what John suggested.

In article <1106494080.518101.83740[at]c13g2000cwb.googlegroups.com> ,
"brgomeistr" <brgomeistr[at]yahoo.com> wrote:

- quote -

Perhaps the best solution would be to quit the first job, and
get set up on the 401K at your new job. If your old company
needs your help, work for them on a contract basis. This
will allow you to contribute to a Sep or Simple, which has
far higher contribution limits. That will offset much of the
taxes you might have to pay for the side job. This arrangement
will also allow you to take tax deductions for any expenses
associated with your side job, including mileage.

-john-

--
================================================== ====================
John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
================================================== ====================

I have recently started a new full-time job, but am still listed as a
"part-time on-call" employee with my old company. As such, the
benefits dept. at the old company says that I am unable to roll-over or
transfer my 401k to my new company's 401k or into an IRA since I am
still listed as "employed" with them. This arrangement is a favor to
my previous employer and I will probably be doing very little part-time
work for them.

I would still like to contribute money to my existing 401k, since I
already have a significant amount in there.
Is it possible to make extra contributions to this 401k plan, other
than a payroll deduction?
If this is possible, is it okay ethically (since my old employer
matches contributions up to a certain amount and I am not really
"working" for them anymore)?
Or is there any way to transfer the old account to an IRA or my new
employer (or is my old benefits dept. correct)?