Can I rollover my existing 401k or IRA into a QRP?

Yes, you can roll most IRA, SEP IRA, SIMPLE IRA (after 2 years), 457(b), 403(b), Profit Sharing and other Solo 401k’s into your QRP.

An IRA can be rolled into a QRP.

In some instances you may be able to do a rollover of funds from a 401k at a current employer through what’s called an “In-Service Distribution,” although most large employers are highly restrictive and make this nearly impossible.  Good to ask them if they have an inservice rollover option. 


What type of retirement accounts can I rollover into my QRP?

You can roll most 401k, 403b, 457, TSP's, IRA, SEP IRA, SIMPLE IRA (after 2 years), 401k, Solo 401k  Profit Sharing and other Solo 401k’s into your QRP.

Consolidating will simplify your life and remove almost all your fees and costs.

IRS Rollover chart.pdf


    What if I retire early from my job, can I take my 401k or Profit Sharing out early and roll it over into my QRP?

    Yes. This is a perfect example of where the rollover allowances are so helpful. You can roll over any retirement account into an equal account.


    I own stocks and bonds and an IRA and want to rollover these assets to the QRP. Do I need to sell the stocks or can I roll them over to the QRP? Do I have to sell the asset first?

    You do not need to sell the stocks. You can simply roll them into the QRP. This is called an In-Kind rollover.


    Can I Rollover my ROTH 401k into the QRP?

    Yes, you can rollover your ROTH 401k funds into your QRP so long as you keep those funds seperate from the deferred money you may be rolling over or contributing.  THis is as simple as having two unique checking accounts, one for deferred funds and one for ROTH funds.

    The big mistake people make is trying to rollover their ROTH IRA into the ROTH QRP checking account.  As you can see in the IRS rollover chart this is DISALLOWED.

    IRS Rollover chart.pdf


    I own stocks and bonds and an IRA and want to rollover these assets into a QRP. Do I need to sell the stocks or can I roll them over into the QRP? Do I have to sell the assets first?

    You do not need to sell the stocks. You can simply roll them into your QRP.  You'll need to have a brokerage hold the shares so you'll simple set up an account at the brokerage of your choice to hold these type of paper assets. This is called an In-Kind rollover