profit sharing plan

[ischumer]

a 12 year employee leaves the company for a
new job and 2 years later requests the 6 thousand dollars in the profit sharing plan to be rolled over to their 401k plan. Employer says you cant have it until age 65.
Is there any law in Calif that would force the employer to roll the money over?

 

[ALawyer]

Read the plan document -- it has the rules and they must be honored. This usually is a matter of Federal, not state law.

 

[Attorney_Replogle]

Roll overs of pension plan money from employer to employer usually have time limits that have to be complied with. In other words, an employee leaving company X has to roll over the plan within YYY days. However, I don't usually get involved in that type of issue, though an employment law attorney near you can help you with this question. You can find one at attorneypages

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Mark B. Replogle