Common use of Acceptance of Rollovers Clause in Contracts

Acceptance of Rollovers. At the direction of the Plan Administrator, to accept a contribution of cash distributed or distributable to a Participant from another employee benefit plan qualified under Code §401(a), or from an individual retirement account or annuity described in Code §408, or from 403(b) and 457(b) retirement plans. The Plan Administrator shall be solely responsible for determining that any such contribution represents an eligible rollover contribution within the meaning of Code §402(c)(4) or Code §408(d)(3)(A)(ii). The Trustee has delegated this duty to the Sub-Custodian.

Acceptance of Rollovers. At the direction of the Plan Administrator, to accept a contribution of cash distributed or distributable to a Participant from another §457(b) employee benefit plan qualified under Code §401(a)plan, or from an individual retirement account or annuity described in Code §408, or from 403(b) and 457(b401(a) retirement plans. The Plan Administrator shall be solely responsible for determining that any such contribution represents an eligible rollover contribution within the meaning of Code §402(c)(4) or Code §408(d)(3)(A)(ii). The Trustee has delegated this duty to the Sub-Custodian.

Acceptance of Rollovers. At the direction of the Plan Administrator, to accept a contribution of cash distributed or distributable to a Participant from another §457(b) employee benefit plan qualified under Code §401(a)plan, or from an individual retirement account or annuity described in Code §408, or from 403(b) and 457(b401(a) retirement plans. The Plan Administrator shall be solely responsible for determining that any such contribution represents an eligible rollover contribution within the meaning of Code §402(c)(4) or Code §408(d)(3)(A)(ii). The Trustee has delegated this duty to the Sub-Sub- Custodian.

Acceptance of Rollovers. At the direction of the Plan Administrator, to accept a contribution of cash distributed or distributable to a Participant from another employee benefit plan qualified under Code §§ 401(a), or from an individual retirement account or annuity described in Code §§ 408, or from 403(b) and 457(b) retirement plans. The Plan Administrator shall be solely responsible for determining that any such contribution represents an eligible rollover contribution within the meaning of Code §§ 402(c)(4) or Code §§ 408(d)(3)(A)(ii). The Trustee has delegated this duty to the Sub-Custodian.