Trust beneficiary. If the Participant’s named beneficiary is a trust, the Plan may make a direct rollover to an individual retirement account on behalf of the trust, provided the trust satisfies the requirements to be a designated beneficiary within the meaning of Code § 401(a)(9)(E).
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Samples: Single Defined Benefit Plan, Single Defined Benefit Plan
Trust beneficiary. If the Participant’s named beneficiary is a trust, the Plan may make a direct rollover to an individual retirement account on behalf of the trust, provided the trust satisfies the requirements to be a designated beneficiary within the meaning of Code § §401(a)(9)(E).
Appears in 2 contracts
Samples: PPD Adoption Agreement (Simpson Manufacturing Co Inc /Ca/), Adoption Agreement (Knowles Corp)
Trust beneficiary. If the Participant’s 's named beneficiary is a trust, the Plan may make a direct rollover to an individual retirement account on behalf of the trust, provided the trust satisfies the requirements to be a designated beneficiary within the meaning of Code § §401(a)(9)(E).
Appears in 2 contracts
Samples: Participation Agreement (Nci Building Systems Inc), Adoption Agreement
Trust beneficiary. If the Participantparticipant’s named beneficiary is a trust, the Plan may make a direct rollover to an individual retirement account on behalf of the trust, provided the trust satisfies the requirements to be a designated beneficiary within the meaning of Code § §401(a)(9)(E).
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