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Profit-Sharing Plans & PTO Roll Over

joanniejoannie 2,294 Posts
in Benefits & Leave Vote Up0Vote Down
Does anyone know if you can roll unused PTO into a profit-sharing(not 401k)plan? I read the SPD, but it wasn't addressed.
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  • 2 Comments sorted by Votes Date Added
  • NeedCoffeeNeedCoffee 595 Posts
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    As far as I know, this is plan specific. You may have to request the actual plan docs instead of the SPD for more in-depth info. Or, cut out the middle man and call the administrator. Good luck!
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  • Dutch2Dutch2 1,590 Posts
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    o Qualified Plan (Enter amount of after-tax contributions - $ _________)

    o 403(b) Plan
    If no amount is entered, after-tax contributions will be assumed to be zero.

    o 457(b) Government Plan

    o Simple IRA that has been in existence at least 2 years

    o Personal IRA consisting only of funds taxable when withdrawn

    o Simplified Employee Pension (SEP)
    Nondeductible contributions cannot be rolled over

    The options listed above are all that may be rolled over into our Plan. However, I agree with NeedCoffee this is no doubt plan specific.
    Good luck...
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