Qualified Rollover Contribution definition

Qualified Rollover Contribution is a rollover contribution that meets 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 ▇▇▇▇ ▇▇▇ (a “non-▇▇▇▇ ▇▇▇”). Contributions may be limited as described in paragraph 19.10(b).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Qualified Rollover Contribution means a rollover contribution from another ▇▇▇▇ ▇▇▇, a Designated ▇▇▇▇ Account, or from a non-▇▇▇▇ ▇▇▇ that meets the requirements of Section 408 (d)(3) of the Code, except that the limit to one rollover per year in Section 408(d)(3)(B) of the Code does not apply if the rollover is from a non-▇▇▇▇ ▇▇▇. (1) A rollover from a SIMPLE IRA during the first two years since the Owner began to participate in the SIMPLE IRA plan is not a Qualified Rollover Contribution. (2) A rollover from a non-▇▇▇▇ ▇▇▇ is not a Qualified Rollover Contribution if, for that taxable year, the Owner is: (I) married and files a separate federal income tax return; or (II) the Owner is single and has Modified AGI in excess of $100,000; or (Ill) the Owner is married and files a joint federal income tax return and the Owner and the Owner’s spouse have Modified AGI in excess of $100,000. For purposes of the preceding sentence, if the Owner is married but the Owner and the Owner’s spouse live apart at all times during a taxable year and file separate federal income tax returns for that taxable year, then for that taxable year the Owner (and the Owner’s Spouse) is not treated as married. 2. The following subsection (a) (vi) is added to the Contributions provision of Section 3 of the Contract:

Qualified Rollover Contribution. This term includes: (a) Rollovers be- tween ▇▇▇▇ ▇▇▇ accounts; (b) Traditional ▇▇▇ 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 ▇▇▇▇ Con- tribution Account to a ▇▇▇▇ ▇▇▇. Qualified Rollover Contributions must meet the general ▇▇▇ rollover rules, except that the 12-month rollover restriction does not apply to rollovers (conversions) between a traditional ▇▇▇ and a ▇▇▇▇ ▇▇▇. However, the 12-month rule does apply to rollovers between ▇▇▇▇ IRAs. Beginning in 2008, rollovers from employer-sponsored plans, such Rollovers From Employer-Sponsored Plans: The rules discussed in this

Examples of Qualified Rollover Contribution in a sentence

A Qualified Rollover Contribution can be made to a ▇▇▇▇ ▇▇▇ and is a distribution from an IRA that meets the requirements of section 408(d)(3), a rollover from a designated ▇▇▇▇ account described in section 402A, or a rollover from an eligible retirement plan as described in section 402(c)(8)(B).
A Qualified Rollover Contribution can be made to a ▇▇▇▇ ▇▇▇ and is a distribution from an ▇▇▇ that meets the requirements of section 408(d)(3), a rollover from a designated ▇▇▇▇ account described in section 402A, or a rollover from an eligible retirement plan as described in section 402(c)(8)(B).
For years ▇▇▇er 2007, a Qualified Rollover Contribution includes a rollover from a designated Roth account described in C▇▇▇ Section 402A or a rollover from an eligible retirement plan described in Code Section 402(c)(8)(B).
A Qualified Rollover Contribution is defined in Code Section 408A(e), and includes a rollover contribution from another Roth IRA or a rollover contribution of a distribution from an IRA that meets the requirements of Code Section 408(d)(3), except that the one-rollover-per-year rule of Code Section 408(d)(3)(B) does not apply if the rollover contribution is from a Non-Roth IRA.
Except in the case of a Qualified Rollover Contribution (described in paragraph 3(c) below) or a recharacterization (defined in paragraph 3(e) below), no Contribution shall be allowed into the Contract unless it is in cash and for any year after 2007 the total of such Contributions to all the individual Owner's Roth IRAs for such year doe▇ ▇▇t exceed the lesser of the Owner's Compensation for such year or $5,000.
The Fidelity Advisor ▇▇▇ will also accept other amounts that may qualify as a Qualified Rollover Contribution under the Internal Revenue Code, subject to the account owner's representation that all requirements of the Code are met.
Qualified Rollover Contribution (conversion) into a ▇▇▇▇ ▇▇▇ from a 401(k), 403(b), 457 Plan or other Qualified Plan – I certify that this rollover is a distribution from my employer’s retirement plan paid as a direct rollover contribution (conversion) into a ▇▇▇▇ ▇▇▇.
The Custodian is not required to determine the correctness of the amount of any contribution, nor is the Custodian required to determine whether a rollover contribution satisfies the definition of Qualified Rollover Contribution.
Qualified Rollover Contribution (conversion) into a ▇▇▇▇ ▇▇▇ from a 401(k), 403(b), 457 Plan or other Qualified Plan – This is a distribution from my employer’s retirement plan paid as a direct rollover contribution (conversion) into a ▇▇▇▇ ▇▇▇.
Except in the case of a Qualified Rollover Contribution or a recharacterization [as defined in (f) below], no contribution will be accepted unless it is in cash and the total of such contribution to all the Individual’s ▇▇▇▇ IRAs for a taxable year does not exceed the Maximum Permissible Amount described at paragraph 19.9.

More Definitions of Qualified Rollover Contribution

Qualified Rollover Contribution means a transfer into this Plan, either direct or through the Employee by means of (1) an Individual Retirement Account (2) a distribution or transfer from another pension, profit-sharing or stock bonus plan qualified under Code Section 401(a), or (3) a distribution or transfer from a Code Section 403(a), 403(b), or 457(b) Plan pursuant to the provisions of Plan Section 5.8.

Qualified Rollover Contribution refers to the deposit into a ▇▇▇▇ ▇▇▇ (in a manner that meets the requirements of section 408A(e) of the Code), of a distribution or conversion amount issued from an IRA. It also refers to a rollover into a ▇▇▇▇ ▇▇▇ of a distribution from another (or the same) ▇▇▇▇ ▇▇▇. Throughout the remainder of this Disclosure Statement, the terms "rollover" and "conversion" will be used interchangeably and will be deemed to refer to a Qualified Rollover Contribution. For purposes of this discussion, the use of the term "IRA" will be deemed to include a SEP IRA and a SIMPLE IRA, unless General Provisions: You may roll over or convert an amount from an IRA to a ▇▇▇▇ ▇▇▇ if your MAGI, as previously defined, or joint MAGI if married and filing taxes jointly, is $100,000 or less for the taxable year in which you are performing the conversion or rollover. If you are married and filing taxes separately, you are not eligible to roll over or convert any amount in an IRA to a ▇▇▇▇ ▇▇▇, regardless of your MAGI. Accomplishing a Rollover or Conversion to a ▇▇▇▇ ▇▇▇: There are three ways that an amount in an IRA can be rolled over or converted to a ▇▇▇▇ ▇▇▇, as follows:

Qualified Rollover Contribution means a rollover contribution from an IRA that meets the requirements of Section 408(d)(3) of the Code, and for any taxable year after December 31, 2005, shall

Qualified Rollover Contribution refers to the deposit into a ▇▇▇▇ ▇▇▇ (in a manner that meets the requirements of section 408A(e) of the Code), of a distribution or conversion amount issued from an ▇▇▇ or eligible retirement plan. It also refers to a rollover into a ▇▇▇▇ ▇▇▇ of a distribution from another (or the same) ▇▇▇▇ ▇▇▇. Throughout the remainder of this section, the terms “rollover” and “conversion” will be used interchangeably and will be deemed to refer to a Qualified Rollover Contribution. For purposes of this section, the use of the term “▇▇▇” will be deemed to include a SEP ▇▇▇ and a SIMPLE ▇▇▇, unless otherwise noted, except that in the case of a SIMPLE ▇▇▇, no conversion can take place until after the close of the two-year period beginning with a Participant’s First Date of Participation in an Employer’s SIMPLE ▇▇▇ Plan. General Provisions: You may roll over or convert an amount from an ▇▇▇ to a ▇▇▇▇ ▇▇▇. You may not roll over any distribution from, or convert any amount in, an ▇▇▇ to a ▇▇▇▇ ▇▇▇ that represents your Required Minimum Distribution (“RMD”) obligation for the year. (RMDs are distributions that must begin to be distributed from IRAs and SIMPLE IRAs, generally beginning with the year a Participant attains age 72 (70½ if born before July 1, 1949).) Instead, you may only roll over or convert the amount that exceeds your RMD obligation for the year to a ▇▇▇▇ ▇▇▇. Accomplishing a Rollover or Conversion to a ▇▇▇▇ ▇▇▇: There are three ways that an amount in an ▇▇▇ can be rolled over or converted to a ▇▇▇▇ ▇▇▇, as follows:

Qualified Rollover Contribution means a rollover contribution from another ▇▇▇▇ ▇▇▇ or from a non-▇▇▇▇ ▇▇▇ that meets the requirements of Section 408(d)(3) of the Code, except that the limit to one rollover per year in Section 408(d)(3)(B) of the Code does not apply if the rollover is from a non-▇▇▇▇ ▇▇▇. (1) A rollover from a SIMPLE IRA during the first two years since the Owner began to participate in the SIMPLE IRA plan is not a Qualified Rollover Contribution. (2) A rollover from a non-▇▇▇▇ ▇▇▇ is not a Qualified Rollover Contribution if, for that taxable year, the Owner is: (I) married and files a separate federal income tax return; or (II) the Owner is single and has Modified AGI in excess of $100,000; or (III) the Owner is married and files a joint federal income tax return and the Owner and the Owner’s spouse have Modified AGI in excess of $100,000. For purposes of the preceding sentence, if the Owner is married but the Owner and the Owner’s spouse live apart at all times during a taxable year and file separate federal income tax returns for that taxable year, then for that taxable year the Owner (and the Owner’s spouse) is not treated as married.

Qualified Rollover Contribution means a rollover contribution of a distribution from an IRA that meets the requirements of Code Section 408(d)(3), except the one-rollover-per-year rule of Section 408(d)(3)(B) does not apply if the rollover contribution is from an IRA other than a Roth IRA (a “nonRoth IRA”). For taxable years beginning after 2005, a qualified rollover contribution includes a rollover from a designated Roth account described in Code Section 402A; and for taxable years beginning after 2007, a qualified rollover contribution also includes a rollover from an eligible retirement plan described in Section 402(c)(8)(B).