Direct Rollover. A direct rollover moves eligible distribution assets from your eligible retirement plan to your Xxxx XXX in a manner that prevents you from cashing or liquidating the plan assets, or even depositing the assets anywhere except in the receiving Xxxx XXX. A direct rollover is reported to the IRS. There are no IRS limitations, such as the 60-day period or one per 1-year limitation, on direct rollovers.
Appears in 6 contracts
Samples: Customer Agreement, Customer Agreement, Customer Agreement
