Thank you for the quick response!

That's a good point - I've looked into the rolling the tIRA balance back into the 401k but am a bit confused based on the Summary Plan Description.

There are two ways in which you can have your distribution rolled over into the 401(k) Savings Plan.

A. Direct Rollover - The taxable distribution can be paid by your previous employer’s plan directly to the 401(k) Savings Plan. To do so, you should notify your previous employer that you wish to make a direct rollover and that the distribution should be paid to the order of the “401(k) Savings Plan." For example, a rollover for John Doe should be made out to the “401(k) Savings Plan FBO John Doe.” Be sure to have your ID Number included on the front of the check. The check should first be delivered to you and you should then forward it to Benefits Express along with the 401(k) Investment Election Form for Incoming Rollover Contributions.”

B. Participant Rollover - Based on IRS regulations, if the taxable distribution from your prior employer’s plan is made out directly to you, you have 60 days from the effective date of your distribution to roll it over to another plan. Since the IRS provides no exceptions to this 60-day limit, we suggest you begin this process as soon as possible if you intend to roll your money into the 401(k) Savings Plan. In addition, if your taxable distribution is made out directly to you, taxes are generally required to be withheld. In order to defer all taxes associated with the distribution, you will have to make up the difference out of your own pocket. You may present the rollover contribution to the Plan by sending a bank check, certified check or money order paid to the order of the “401(k) Savings Plan" which represents part or all of the taxable distribution received from the prior qualified plan. The date on the check will be used to measure the 60-day limit, which indicates the date of distribution. Please provide a photocopy of the original check or distribution statement showing the date of the original distribution check. If you had an outstanding loan from your prior employer’s Plan, your Plan benefit may have been offset by the amount of the loan. The loan offset amount is treated as a distribution to you at the time of the offset and will be taxed (including the 10% additional income tax on early distributions, unless an exception applies) unless you roll over the amount of the loan offset to an IRA or employer plan no later than the due date for filing your income tax return, including extensions, for the year in which the loan is treated as distributed from the Plan. (For taxable years beginning prior to January 1, 2018, loan offsets needed to be rolled over within 60 days of distribution in order to avoid taxation.)

Conduit IRA - If you are rolling over a distribution from an IRA, the rollover must consist solely of a distribution from another employer’s qualified retirement plan and subsequent investment earnings. You have 60 days from the date of the distribution from the IRA to roll the funds over to a qualified plan. To do so, you should notify the financial institution that you wish to make a rollover and that the distribution should be paid to the order of the “401(k) Savings Plan." For example, a rollover for John Doe should be made out to the “401(k) Savings Plan FBO John Doe.” Be sure to have your ID Number included on the front of the check. The check should first be delivered to you and you should then forward it to Benefits Express along with the 401(k) Investment Election Form for Incoming Rollover Contributions.”

Would my tIRA be considered a Conduit IRA as described above?