more-arw search

Q&A Forum

Can a company 'pay' a former employee to rollover their 401k balance?

We are right on the cusp of having 100 participants in our 401k Plan. We already have policy that requires rollovers of accounts less then $5,000. However, there are a few accounts over the amount. I was wondering if the company could incent those ex-employees with a $50 or $100 Amazon gift card to roll over the over $5,000 accounts to help us stay under the 100 participant level. Thanks!


Get Free Membership

By signing up, you will receive emails from Proformative regarding Proformative programs, events, community news and activity. You can withdraw your consent at any time. Contact Us.

Business Exchange

Browse the Business Exchange to find information, resources and peer reviews to help you select the right solution for your business.

Learn more

Contribute to Community

If you’re interested in learning more about contributing to your Proformative community, we have many ways for you to get involved. Please email to learn more about becoming a speaker or contributing to the blogs/Q&A Forum.