Typically, it can take the employer up to 4-6 weeks to notify Prudential of your separation. You will generally be eligible for a Termination Withdrawal once you are separated from the employer sponsoring the plan, regardless of age. To discuss your repayment options with a Prudential retirement counselor, call our Consolidation Counseling Team at 80 on weekdays between 8 a.m.–6 p.m. All recontributions will be credited as a pre-tax rollover. Until further guidance is issued, Prudential cannot accept recontributions of after-tax or Roth contributions. The IRS has not addressed whether after-tax or Roth contribution may be recontributed to a plan. Please note, if your plan has any existing restrictions on the receipt of direct rollovers (e.g., for terminated participants or spousal beneficiaries), these restrictions will also apply to CRD repayments. You have three years from the day after the date you received a CRD withdrawal to make a repayment. You do not need to make the repayment to the same plan or IRA it came from. The repayment is treated as a direct rollover and can be paid into any eligible plan or Individual Retirement Account (IRA) that allows a rollover contribution. If you choose, you can generally repay any portion of a CRD withdrawal that is eligible for tax-free rollover treatment to an eligible retirement plan.
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