No, it is optional. Employers are also free to elect a lower maximum rollover amount (i.e. less than $570) for their participants. Regardless of what an employer chooses to do, they must apply it to all participants equally.
No, it is optional. Employers are also free to elect a lower maximum rollover amount (i.e. less than $570) for their participants. Regardless of what an employer chooses to do, they must apply it to all participants equally.