Direct rollovers definition

Direct rollovers means trustee-to-trustee transfers of sums from
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Examples of Direct rollovers in a sentence

  • Direct rollovers from a qualified plan to an IRA can only be in the form of cash.

  • Direct rollovers may occur into the Plan as contributions or out of the Plan as withdrawals.

  • Direct rollovers shall only be permitted if the transmitting plan satisfies the conditions set forth in section 402A(e)(1) of the Code and only to the extent the rollover is permitted under the rules of section 402(c) of the Code.

  • Direct rollovers are described in the Universal Individual Retirement Account Disclosure Statement, available at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.

  • Direct rollovers are described in the IRA Account Information Kit, available at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.

  • Direct rollovers involve the transfer of funds directly from an account in another state’s 529 Plan (or from an Account in the Plan for a different Beneficiary) to your Account.

  • Direct rollovers involve the transfer of money from one 529 Plan directly to another.

  • Direct rollovers of outstanding loans from Seller’s 401(k) Plan to the Buyer Plan shall be permitted, subject to receipt of evidence satisfactory to the plan administrator of the Buyer Plan that Seller’s 401(k) Plan is qualified under Section 401(a) of the Code and that the transferred amount meets the requirements for an eligible rollover distribution under Section 402(c) of the Code.

  • Direct rollovers involve the transfer of funds directly from an account in another state’s 529 Plan (or from an Account in the Direct Plan for a different Beneficiary) to your Account.

  • Direct rollovers are described in the Regular IRA Disclosure Statement.

Related to Direct rollovers

  • Direct rollover means a payment by the Plan to the Eligible Retirement Plan specified by the Distributee.

  • Eligible Rollover Distribution means any distribution of all or any portion of the balance to the credit of the Distributee, except that an Eligible Rollover Distribution does not include: (a) any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the Distributee, the joint lives (or joint life expectancies) of the Distributee and the Distributee's Beneficiary, or for a specified period of 10 years or more; (b) any distribution to the extent such distribution is required under Section 401(a)(9) of the Code; and (c) the portion of any distribution that is not includable in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to employer securities).

  • Rollover Distribution shall be defined as set forth in Section 5.05, herein."

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

  • Rollover means any vehicle rotation of 90 degrees or more about any true longitudinal or lateral axis.