IRS Issues Guidance on In-Plan Roth Rollovers


On November 26, 2010, the IRS issued Notice 2010-84, providing guidance, in the form of 20 questions and answers, regarding in-plan Roth rollovers. The Notice answers certain questions regarding eligible distributions, plan amendments and tax recognition rules.


Section 2112 of the Small Business Jobs Act (P.L. 111-240), signed into law by President Obama earlier this year, permits rollovers of eligible distributions from a non-Roth account into a designated Roth account in the same plan. Prior law allowed participants to roll over qualified plan distributions to a Roth IRA outside of the plan, but did not permit rollovers to designated Roth accounts within the plan.

Highlights of Notice 2010-84 include...

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