|
#1
07-22-2005, 02:49 AM
| |||
| |||
 Re: 401K plan roll over can take 5 years with the IRS? miamicuse wrote: - quote - > Our company was acquired by another company in year 2000.
Something smells fishy here, and I'm not talking about> After that we were enrolled in the parent company's 401K > plan. However the pre-existing 401K plan's fund had to be > rolled over to the new plan. Every time we asked the old > plan's administrator we were told it's pending IRS approval. > Meanwhile for 5 years now we cannot move, adjust, withdraw, > change investment options to our funds, it's basically > frozen...this is not even a public company. How can it take > five years? Is there something fishy going on? Can someone > else besides the filing company inquire IRS as to the status > of the filing? Is there some obligation by my company to > make a reasonable effort to process this in a reasonable > time period? Biscayne Bay. Are you satisfied the plan is even still in place? Have you been getting period statements on your status? Was your investment totally in company stock? If you can't "get no satisfaction" from the plan administrator, hie thee to competent legal counsel. ChEAr$, Harlan Lunsford, EA n LA << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
|
07-22-2005, 02:30 AM
| |||
| |||
| Re: 401K plan roll over can take 5 years with the IRS? "miamicuse" <nmbexcuse[at]hotmail.com> wrote: - quote - > Our company was acquired by another company in year 2000.
Sounds fishy to me. Has anyone confirmed that the assets in> After that we were enrolled in the parent company's 401K > plan. However the pre-existing 401K plan's fund had to be > rolled over to the new plan. Every time we asked the old > plan's administrator we were told it's pending IRS approval. > Meanwhile for 5 years now we cannot move, adjust, withdraw, > change investment options to our funds, it's basically > frozen...this is not even a public company. How can it take > five years? Is there something fishy going on? Can someone > else besides the filing company inquire IRS as to the status > of the filing? Is there some obligation by my company to > make a reasonable effort to process this in a reasonable > time period? the 401k plan actually exist? That's the first place I'd look at this point. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
|
#-1
07-21-2005, 06:08 AM
| |||
| |||
| 401K plan roll over can take 5 years with the IRS? Our company was acquired by another company in year 2000. After that we were enrolled in the parent company's 401K plan. However the pre-existing 401K plan's fund had to be rolled over to the new plan. Every time we asked the old plan's administrator we were told it's pending IRS approval. Meanwhile for 5 years now we cannot move, adjust, withdraw, change investment options to our funds, it's basically frozen...this is not even a public company. How can it take five years? Is there something fishy going on? Can someone else besides the filing company inquire IRS as to the status of the filing? Is there some obligation by my company to make a reasonable effort to process this in a reasonable time period? Thanks, MC << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
| Tags |
| 401k, irs, plan, roll, years |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| 401k plan supurman182: I currently invest in a 401k plan in my work but they do not match anythings. My question is should i even have it or should i invest elsewhere? | Microsoft Money | 1 | 04-23-2008 12:44 PM | |
| Account Register - 401k Plan MedicITDarin: So I enter my 5 mutual funds from my statement provided to me from my broker. Added the investment, activity, quantity, the price, and the total... | Microsoft Money | 1 | 08-20-2005 01:37 PM | |
| L.L.C and Individual 401k plan Don Dwoske: I own an L.L.C in a Partnership situation. This past year we started an Individual 401k plan. We have both elective and partnership contributions... | Taxes | 1 | 02-17-2004 01:35 AM | |
| Can you roll a commingled IRA back into a qualified plan? Rich Carreiro: I know for sure that pre-(one of the Bush tax cuts) that an IRA account funded entirely with rollovers from certain qualified plans could be rolled... | Taxes | 6 | 01-25-2004 06:02 AM | |
| Employer failed to wihhold 2 years for "125" cafeteria plan-now wants the money Scott: My community college employer recently told me that they failed to withhold on my paycheck for "125" cafeteria plan medical account for the past 2... | Taxes | 2 | 01-07-2004 02:55 AM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
