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Posted by BeanTownSteve on April 21, 2008, 9:46 pm
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<SNIP>
> Interestingly, I got hold of the Plan Administrator. Her name is
> printed in the Plan Summary so Google and voila! There was her
> telephone number and email address. (Surprised I could get it - big
> company - ADP!) I called her and asked her about the situation.
> Although she said she was familiar with the tax changes, she was not
> sure of the restrictions of the Plan for which she is
> Administrator(!). She said she would have to review the Plan
> documents and call me back. She thought that the Plan may dictate to
> what type of an IRA a rollover can be made. I mentioned that I had
> reviewed my Plan Summary and it does not address these types of
> rollovers because it was written prior to 2008. If she has a more
> current copy, please send it to me.
<SNIP>
The only 2 cents I can add here is that the Plan Summary ALWAYS has
wording that the plan documents
themselves are the authoritative source. And yes, that means even if
the summary has an error of glaring
proportions, they will not honor statements in the plan summary
documents.
It's actually a realistic and good thing that the administrator said
she would have to review. She's probably
the administrator for a number a plans and they're likely all slightly
different. I would expect her to get back to
you, or perhaps someone to whom she's delegated.
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