Examples of Rollover Account in a sentence
If the Plan allows for Rollover Contributions under AA §C-2 or After-Tax Employee Contributions under AA §6C, unless elected otherwise under this AA §10-2, a Participant may take an in- service distribution from his/her Rollover Account and After-Tax Employee Contribution Account at any time.
If the Plan allows for Rollover Contributions under AA §C-2 or After-Tax Employee Contributions under AA §6-6, unless elected otherwise under this AA §10-2, a Participant may take an in- service distribution from his/her Rollover Account and After-Tax Employee Contribution Account at any time.
A payment from an Eligible Rollover Account may be subject to a 10% early withdrawal tax.
The amounts credited to a Participant’s Eligible Rollover Account, income, gains, losses, and distributions, if any, shall be included in the report provided to the Participant under subparagraph (a).
Upon approval by the Administrator, the amount rolled over shall be deposited in the Trust fund and shall be credited to the Participant’s Rollover Account.