Participant Rollover Contributions from Other Plans Sample Clauses

Participant Rollover Contributions from Other Plans. The Plan will accept a Participant Rollover Contribution of an Eligible Rollover Distribution from (check only those that apply):
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Participant Rollover Contributions from Other Plans. The Plan will accept a Participant Rollover Contribution of an Eligible Rollover Distribution from (check only those that apply): [ ] 2. An annuity contract described in Code Section 403(b).
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Participant Rollover Contributions from Other Plans. The plan will accept a participant contribution of an eligible rollover distribution from a qualified plan described in section 401(a) or 403(a) of the Code; an annuity contract described in section 403(b) of the Code; an eligible plan under section 457(b) of the Code which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political Subdivision of a state.
Sample 1
Participant Rollover Contributions from Other Plans. The Plan will accept a Participant contribution of an eligible rollover distribution from [check each that applies or none]: /X/ a qualified plan described in Code Section 401(a) or 403(a). /X/ an annuity contract described in Code Section 403(b). / / an eligible plan under Code Section 457(b) which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state. Participant Rollover Contributions from IRAs: The Plan [choose one]: / / will /X/ will not accept a Participant rollover contribution of the portion of a distribution from an individual retirement account or annuity described in Code Section 408(a) or 408(b) that is eligible to be rolled over and would otherwise be includible in gross income. Effective Date of Direct Rollover and Participant Rollover Contribution Provisions: Item V-A, Rollovers From Other Plans, shall be effective: Janaury 1, 2002 [enter a date no earlier than January 1, 2002].
Sample 1
Participant Rollover Contributions from Other Plans. The Plan will accept a Participant contribution of an Eligible Rollover Distribution from a qualified plan described in Code Section 401(a) or 403(a) including, if Xxxx Elective Deferral Contributions are permitted under the Plan, any portion of a designated Xxxx account to the extent the portion of the designated Xxxx account distributed would otherwise be includible in a Participant’s gross income. Executed by Principal Life Insurance Company on May 26, 2006 by Officer Pension Protection Act Summary of 2007 Operational Changes It is your responsibility to operate your plan in accordance with the Pension Protection Act rules that become effective in 2007 especially in the absence of a formal plan amendment. Here is a summary of the provisions that will be included in the unilateral amendment to help you operate your plan correctly. • Revised Vesting Schedule for Employer Contributions (other than Matching Contributions) Faster minimum vesting schedules for matching contributions were contained in the Economic Growth and Tax Relief Reconciliation Act. The Pension Protection Act requires that these new minimum vesting schedules also apply to all contributions made by you. If the vesting schedule currently selected in your Adoption Agreement is not as fast as either of these two schedules:
Sample 1
Participant Rollover Contributions from Other Plans. The plan will accept a Participant contribution of an Eligible Rollover Distribution from: (Check each that applies or none.) [X] a qualified plan described in section 401(a) or 403(a) of the Code. [X] an annuity contract described in section 403(b) of the Code. [X] an eligible plan under section 457(b) of the Code which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state. Participant Rollover Contributions from IRAs: The Plan: (Choose one.) [X] will [ ] will not accept a Participant rollover contribution of the portion of a distribution from an individual retirement account or annuity described in section 408(a) or 408(b) of the code that is eligible to be rolled over and would otherwise be includible in gross income.
Sample 1
Participant Rollover Contributions from Other Plans. The Plan will accept a Participant "rollover" contribution of an eligible rollover distribution from: [X] a qualified plan described in Section 401(a) of the Internal Revenue Code (including a 401(k) plan, profit sharing plan, defined benefit plan, stock bonus plan and money purchase plan). [X] a qualified plan described in Section 403(a) of the Internal Revenue Code (an annuity plan). [X] an annuity contract described in Section 403(b) of the Internal Revenue Code (a tax-sheltered annuity). [X] a governmental plan described in Section 457(b) of the Internal Revenue Code (eligible deferred compensation plan). Participant Rollover Contributions from IRAs:
Sample 1
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Related to Participant Rollover Contributions from Other Plans

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

  • Rollover Contributions A rollover is a tax-free distribution of cash or other assets from one retirement program to another. There are two kinds of rollover contributions to an IRA. Xx one, you contribute amounts distributed to you from one IRA xx another IRA. Xxth the other, you contribute amounts distributed to you from your employer's qualified plan or 403(b) plan to an IRA. X rollover is an allowable IRA xxxtribution which is not subject to the limits on regular contributions discussed in Part D above. However, you may not deduct a rollover contribution to your IRA xx your tax return. If you receive a distribution from the qualified plan of your employer or former employer, the distribution must be an "eligible rollover distribution" in order for you to be able to roll all or part of the distribution over to your IRA. Xxe portion you contribute to your IRA xxxl not be taxable to you until you withdraw it from the IRA. Xxur employer or former employer will give you the opportunity to roll over the distribution directly from the plan to the IRA. Xx you elect, instead, to receive the distribution, you must deposit it into the IRA xxxhin 60 days after you receive it. An "eligible rollover distribution" is any distribution from a qualified plan that would be taxable other than (1) a distribution that is one of a series of periodic payments for an employee's life or over a period of 10 years or more, (2) a required distribution after you attain age 70 1/2 and (3) certain corrective distributions. If the entire amount in your IRA xxx been contributed in a tax-free rollover from your employer's or former employer's qualified plan or 403(b) plan, you may later roll over the IRA xx a new employer's plan if such plan permits rollovers. Your IRA xxxld then serve as a conduit for those assets. However, you may later roll those IRA xxxds into a new employer's plan only if you make no further contributions to that IRA, xx commingle the IRA xxxlover funds with existing IRA xxxets.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

  • Employee Contributions Any member of the bargaining unit who is hired on or after September 1, 2010 is eligible to make a voluntary contribution to the City=s Deferred Compensation Plan offered by Ameritas.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Company Contributions (a) For employees hired, rehired or who become covered under the CWA 3176 Agreement through any means before January 1, 2016, the Company shall contribute a Company Matching Contribution equal to 25 percent of the Participant’s Contribution up to a maximum of 6 percent of eligible wage.

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

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