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Subject:  Re: Company-funded profit sharing retirement acc Date:  4/13/2010  8:41 PM
Author:  55526 Number:  66950 of 78166


Based on the description the OP gave in the post I just assumed it was qualified. He/she mentioned profit sharing retirement account in the subject line, ability to borrow from the plan, but the requirement to pay it back. The mention of a vesting percentage and the requirements and the company's annual deposits. I appreciate your point and should have qualified my comment based on my assumption.

Assuming it is a qualified profit sharing plan I was not aware that you could move employer money directly from the plan into a Roth IRA as I was under the impression that Roth contributions were employee money and since it would be employer money in the profit sharing plan it had to be moved to the conduit first then