1. Client, age 57, has 250k traditional IRA. This IRA contains deductible IRA contributions, non-deductible IRA contributions, a rollover from a SEP-IRA and a rollover from a Simple IRA.
2. Client has 150k 401k plan (not Roth). The 401k plan allows rollovers from Traditional IRA's.
3. Client income too high to make Roth IRA contribution. As such, client's desire is to make a $7,000 back door Roth IRA contribution
4. To reduce income taxation on Roth IRA conversion, client plans to rollover entire 250k Traditional IRA to 401k so that the only amount being converted to the Roth IRA is the $7,000.
As long as the 401k plan allows rollovers from Traditional IRA's, do you see anything that would preclude the rollover of the 250k Traditional IRA to the 401K?