Qualified Rollover Contribution Clause Samples
A Qualified Rollover Contribution clause defines the rules and conditions under which funds from one retirement account can be transferred into another eligible retirement plan without incurring immediate tax penalties. Typically, this clause specifies the types of accounts that are eligible for such rollovers, such as moving assets from a traditional IRA to a Roth IRA, and outlines any requirements for timing and reporting. Its core practical function is to facilitate the tax-advantaged movement of retirement savings, allowing individuals to consolidate or reposition their retirement assets while maintaining compliance with tax regulations.
Qualified Rollover Contribution. A qualified rollover contribution is a rollover contribution of a distribution from an eligible retirement plan described in Code Section 402(c)(8)(B). If the distribution is from an IRA, the rollover must meet the requirements of Code Section 408(d)(3), except the one-rollover- per-year rule of Code Section 408(d)(3)(B) does not apply if the rollover contribution is from an IRA other than a ▇▇▇▇ ▇▇▇. If the distribution is from an eligible retirement plan other than an IRA, the rollover must meet the requirements of Code Section 402(c), 402(e)(6), 403(a)(4), 403(b)(8), 403(b)(10), 408(d)(3), or 457(e)(16), as applicable. A qualified rollover contribution also includes Section 4.01(G)(1) and (2) of this Agreement.
1. All of part of a military death gratuity or servicemembers’ group life insurance (SGLI) payment may be contributed if the contribution is made within one year of receiving the gratuity or payment. Such contributions are disregarded for purposes of the one-rollover-per-year rule under Code Section 408(d)(3)(B).
2. All of part of an airline payment (as defined in Section 125 of the Worker, Retiree, and Employer Recovery Act of 2008 (WRERA), Pub. L. 110-458) received by certain airline employees may be contributed if the contribution is made within 180 days of receiving the payment.
Qualified Rollover Contribution. A “qualified rollover contribution” is a rollover contribution of a distribution from an eligible retirement plan described in Code § 402(c) (8) (B). If the distribution is from an IRA, the rollover must meet the requirements of Code § 408(d) (3), except the one-rollover-per year rule of Code § 408(d) (3) (B) does not apply if the distribution is from a non-▇▇▇▇ ▇▇▇. If the distribution is from an eligible retirement plan other than an IRA, the rollover must meet the requirements of Code §§ 402(c), 402(e)(6), 403(a)(4), 403(b)(8), 403(b)(10), 408(d)(3) or 457(e)(16), as applicable. A qualified rollover contribution also includes (i) and (ii) below.
(i) All or part of a military death gratuity or service members’ group life insurance (“SGLI”) payment may be contributed if the contribution is made within 1 year of receiving the gratuity or payment. Such contributions are disregarded for purposes of the one-rollover-per-year rule under Code § 408(d) (3) (B).
(ii) All or part of an airline payment (as defined in Code § 125 of the Worker, Retiree, and Employer Recovery Act of 2008 (“WRERA”), Pub. L. 110-458) received by certain airline employees may be contributed if the contribution is made within 180 days of receiving the payment.
Qualified Rollover Contribution. This term includes: (a) Rollovers between ▇▇▇▇ ▇▇▇ accounts; (b) Traditional IRA converted to a ▇▇▇▇ ▇▇▇; (c) Direct Rollover from an Employer’s plan of funds other than a Designated ▇▇▇▇ Contribution Account; and (d) a rollover from a Designated ▇▇▇▇ Contribution Account to a ▇▇▇▇ ▇▇▇. Qualified Rollover Contributions must meet the general IRA rollover rules, except that the 12-month rollover restriction does not apply to rollovers (conversions) between a traditional IRA and a ▇▇▇▇ ▇▇▇. However, the 12- month rule does apply to rollovers between ▇▇▇▇ IRAs. Beginning in 2008, rollovers from employer-sponsored plans, such as qualified plans and 403(b)s, to a ▇▇▇▇ ▇▇▇ are permitted. You could also roll over from the employer's plan to a traditional IRA, and then roll over (convert) to a ▇▇▇▇ ▇▇▇. The rules discussed in this section apply only to amounts under an employer’s plan, other than Designated ▇▇▇▇ Contribution Accounts. An eligible rollover distribution from a Designated ▇▇▇▇ Contribution Account can be rolled over only to a ▇▇▇▇ ▇▇▇ or another accepting employer’s plan. Rollovers to traditional IRAs are permitted if you have received an eligible rollover distribution from one of the following: • A qualified plan under Section 401(a), • A qualified annuity under Section 403(a), • A Tax-Sheltered Annuity (TSA) or Custodial Account under Section 403(b), • A governmental section 457(b) plan, or • The Federal Employees' Thrift Savings Plan.
Qualified Rollover Contribution. A “qualified rollover contribution” is a rollover contribution of a distribution from an eligible retirement plan described in Code § 402(c) (8) (B). If the distribution is from an IRA, the rollover must meet the requirements of Code § 408(d) (3), except the one-rollover-per year rule of Code § 408(d)
Qualified Rollover Contribution. A “qualified rollover contribution” is a rollover contribution of a distribution from an eligible retirement plan described in Code § 402(c)(8)(B). If the distribution is from an IRA, the rollover must meet the requirements of Code § 408(d)(3). If the distribution is from an eligible retirement plan other than an IRA, the rollover must meet the requirements of Code §402(c), 402(e)(6), 403(a)(4), 403(b)(8), 403(b)10), 408(d)(3) or 457(e)(16), as applicable. A qualified rollover contribution also includes (i) and (ii) below.
(i) All or part of a military death gratuity or service members’ group life insurance payment may be contribution if the contribution is made within 1 year of receiving the gratuity or payment. Such contributions are disregarded for purposes of the one-rollover-per-year rule under Code § 408(d)(3).
(ii) All or part of an airline payment (as defined in § 125 of the Worker, Retiree, and Employer Recovery Act of 2008, Pub. L. 110-458 received by certain airline employees may be contributed if the contribution is made within 180 days of receiving the payment.
Qualified Rollover Contribution. A qualified rollover contribution is a rollover contribution of a distribution from an eligible retirement plan described in Code Section 402(c)(8)(B). If the distribution is from an IRA, the rollover must meet the requirements of Code Section 408(d)(3), except the one-rollover- per-year rule of Code Section 408(d)(3)(B) does not apply if the rollover contribution is from an IRA other than a ▇▇▇▇ ▇▇▇. If the distribution is from an eligible retirement plan other than an IRA, the rollover must meet the requirements of Code Section 402(c), 402(e)(6), 403(a)(4), 403(b)(8), 403(b)(10), 408(d)(3), or 457(e)(16), as applicable. A qualified rollover contribution also includes Section 4.01(G)(1) and (2) of this Agreement.
1. All of part of a military death gratuity or servicemembers’ group life insurance (SGLI) payment may be contributed if the contribution is made within one year of receiving the gratuity or payment. Such contributions are disregarded for purposes of the one-rollover-per-year rule under Code Section 408(d)(3)(B).
Qualified Rollover Contribution. A “qualified rollover contribution” is a rollover contribution of a distribution from an eligible retirement plan described in section 402(c)(8)(B). If the distribution is from an ▇▇▇, the rollover must meet the requirements of Code section 408(d)(3). If the distribution is from an eligible retirement plan other than an ▇▇▇, the rollover must meet the requirements of Code section 402(c), 402(e)(6), 403(a)(4), 403(b) (8), 403(b)(10), 408(d)(3) or 457(e)(16), as applicable. A qualified rollover contribution also includes (a) and (b) below.
(a) All or part of a qualified birth or adoption distribution (as defined in Code section 72(t)(2)(H)) may be contributed to this ▇▇▇.
(b) All or part of a coronavirus-related distribution under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) may be contributed to this ▇▇▇. You must make the contribution within three years from the date of the distribution.
Qualified Rollover Contribution. A “qualified rollover contribution” is a rollover contribution of a distribution from an eligible retirement plan described in section 402(c)(8)(B). If the distribution is from an ▇▇▇, the rollover must meet the requirements of Code section 408(d)(3), except the one-rollover-per-year rule of section 408(d)(3)(B) that applies to all IRAs maintained by the Depositor does not apply if the distribution is from a Non ▇▇▇▇ ▇▇▇. If the distribution is from an eligible retirement plan other than an ▇▇▇, the rollover must meet the requirements of Code section 402(c), 402(e)(6), 403(a)(4), 403(b) (8), 403(b)(10), 408(d)(3) or 457(e)(16), as applicable. A qualified rollover contribution also includes (a), (b), and (c) below.
(a) All or part of a military death gratuity or service members’ group life insurance (“SGLI”) payment may be contributed if the contribution is made within 1 year of receiving the gratuity or payment. Such contributions are disregarded for purposes of the one-rollover-per-year rule under section 408(d)(3)(B).
(b) All or part of a qualified birth or adoption distribution (as defined in Code section 72(t)(2)(H)) may be contributed to this ▇▇▇.
(c) All or part of a coronavirus-related distribution under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) may be contributed to this ▇▇▇. You must make the contribution within three years from the date of distribution.