Eligible Distribution. Not all distributions from an employer- sponsored eligible retirement plan are eligible for rollover to an XXX. The most common distributions, which are not eligible for rollover, include RMDs, defaulted loans, substantially equal periodic payments as defined in IRC Section 402(c)(4)(A), distributions paid to nonspouse beneficiaries, and hardship distributions. Your employer determines which assets may not be rolled over, and must provide you with an IRC Section 402(f) notice of taxation, which explains the tax issues concerning distributions.
Appears in 4 contracts
Samples: Customer Agreement, Customer Agreement, Customer Agreement
