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Updated almost 5 years ago, 01/30/2020
In service 457 roll over into self directed 401k
Hello community,
I'm hoping to get some guidance from anyone who is familiar with retirement plans. I'm a firefighter with a 457b tax deferred retirement plan. 2 years ago I started a business and my plan is to open a solo 401k. Although uncommon, I know the IRS code will allow me to do an in service roll over of my 457 money into a solo 401k however Nationwide is telling me that it is not allowed. My employer has already told me that they will sign off on it so basically I'm at a road block with Nationwide. I feel like I just need to get ahold of someone who's familiar with navigating this unfamiliar terrain. Can someone help me get my money?! Thanks for any advice.