Direct Rollovers. (a) A Direct Rollover is a payment by a Plan to the Eligible Retirement Plan specified by the Participant. Notwithstanding any provision in an Employer’s Plan to the contrary, a Participant may elect to have any portion of an Eligible Rollover Distribution paid directly to an Eligible Retirement Plan specified by the Participant in a Direct Rollover. Any such election may be made at a time and in a manner acceptable to the Custodian.
Appears in 5 contracts
Samples: 403(b)(7) Custodial Account Agreement, Custodial Account Agreement, Custodial Account Agreement
