Eligible Retirement Plan Clause Samples
The 'Eligible Retirement Plan' clause defines what types of retirement accounts or arrangements qualify for certain tax-deferred transfers or rollovers under a contract or legal agreement. Typically, this clause specifies that only specific plans—such as IRAs, 401(k)s, 403(b)s, or governmental 457(b) plans—are considered eligible for receiving distributions or rollovers without triggering immediate tax consequences. By clearly outlining which retirement plans are eligible, this clause ensures compliance with tax regulations and helps parties avoid unintended tax liabilities when moving retirement funds.
Eligible Retirement Plan. An eligible retirement plan is an individual retirement account described in section 408(a) of the Code, an individual retirement annuity described in section 408(b) of the Code, an annuity plan described in section 403(a) of the Code, or a qualified trust described in section 401(a) of the Code, that accepts the distributee's eligible rollover distribution. However, in the case of an eligible rollover distribution to the surviving spouse, an eligible retirement plan is an individual retirement account or individual retirement annuity.
Eligible Retirement Plan. Eligible retirement plans include determines it was not eligible to maintain the SIMPLE plan. qualified trusts under IRC Section 401(a), annuity plans under IRC In order for you to avoid a 6 percent excess contribution penalty, Section 403(a), annuity contracts under IRC Section 403(b), and excess contributions may generally be removed with earnings by certain governmental IRC Section 457(b) plans. Common names for your federal income tax-filing due date, including extensions. If you these plans include 401(k), profit sharing, pension, money purchase, timely file your federal income tax return, you may still be able to federal thrift savings, and tax-sheltered annuity plans. remove your excess contribution, plus attributable earnings, as late
Eligible Retirement Plan. An Eligible Retirement Plan is an eligible Plan under Code Section 457(b) that is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state and which agrees to separately account for amounts transferred into such Plan from this Plan, an individual retirement account described in Code Section 408(a), an individual retirement annuity described in Code Section 408(b) an annuity plan described in Code Section 403(a), an annuity contract described in Code Section 403(b), or a Qualified Plan described in Code Section 401(a), which accepts the distributee’s Eligible Rollover Distribution. The definition of Eligible Retirement Plan shall also apply in the case of a distribution to a Surviving Spouse, or to a Spouse or former Spouse who is the alternate payee under a Qualified Domestic Relations Order, as defined in Code Section 414(p). If any portion of an Eligible Rollover Distribution is attributable to payments or distributions from a designated ▇▇▇▇ account, an Eligible Retirement Plan with respect to such portion shall include only another designated ▇▇▇▇ account of the individual from whose account the payments or distributions were made, or a ▇▇▇▇ ▇▇▇ of such individual.
Eligible Retirement Plan. Eligible retirement plans include qualified trusts under IRC Section 401(a), annuity plans under IRC Section 403(a), annuity contracts under IRC Section 403(b), and certain governmental IRC Section 457(b) plans. Common names for these plans include 401(k), profit sharing, pension, money purchase, federal thrift savings, and tax-sheltered annuity plans.
Eligible Retirement Plan. Any plan described in the Code as eligible to receive a Direct Rollover from this Account, including a Code section 403(b) account or annuity contract, a Code section 401(a)/401(k) or 403(a) plan, a governmental Code section 457(b) deferred compensation plan, or an individual retirement account or annuity (“▇▇▇”).
Eligible Retirement Plan. Except as noted in subsection 4.6(c)(6), an Eligible Retirement Plan is any of the following that accepts the Distributee’s Eligible Rollover Distribution:
(1) An individual retirement account described in Code Section 408(a);
(2) A tax sheltered annuity described in Code Section 403(b); and
(3) A custodial account described in Code Section 403(b)(7);
(4) An eligible plan under Code Section 457(b) that is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state which agrees to separately account for amounts transferred into such plan from an Account under this Custodial Agreement; and
(5) A ▇▇▇▇ individual retirement account under Code Section 408A(e) where the Direct Rollover is a “qualified rollover contribution” under Code Section 408A(e).
(6) For Eligible Rollover Distributions to a surviving spouse, or to a former spouse or Alternate Payee under a Qualified Domestic Relations Order under Code Section 414(p), an Eligible Retirement Plan is an individual retirement account or an individual retirement annuity.
Eligible Retirement Plan. Eligible retirement plans include Your employer should inform you when an excess contribution has qualified trusts under IRC Section 401(a), annuity plans under IRC occurred along with the steps needed to correct it, including its use Section 403(a), annuity contracts under IRC Section 403(b), and of the employee plan compliance resolution system (EPCRS).
Eligible Retirement Plan. A qualified retirement plan or IRA that may receive a rollover contribution. See Section 8.8(b).
Eligible Retirement Plan. An individual retirement account (IRA) as described in Code Section 408(a), an individual retirement annuity (IRA) as described in Code Section 408(b), an annuity plan as described in Code Section 403(a), or a qualified trust as described in Code Section 401(a), which accepts Eligible Rollover Distributions. However, in the case of an Eligible Rollover Distribution paid to a surviving Spouse, an Eligible Retirement Plan is an individual retirement account or individual retirement annuity.
Eligible Retirement Plan. An Eligible Retirement Plan is an individual retirement account described in Code Section 408(a), an individual retirement annuity described in Code Section 408(b), or an annuity or custodial account described in Code Section 403(b), and an eligible plan under Code Section 457(b) which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state and which agrees to separately account for amounts transferred into such plan from this Plan, and which accepts the Distributee’s Eligible Rollover Distribution. This definition of Eligible Retirement Plan shall also apply in the case of a distribution to a surviving spouse, or to a spouse or former spouse who is the alternate payee under a QDRO, as defined in Code Section 414(p). If any portion of an Eligible Rollover Distribution is attributable to payments or distributions from a designated ▇▇▇▇ account (as defined in Code Section 402A), an Eligible Retirement Plan with respect to such portion shall include only another designated ▇▇▇▇ account and a ▇▇▇▇ ▇▇▇. In the case of a non-spouse Beneficiary, a Direct Rollover may be made only to an individual retirement account or annuity described in Code Section 408(a) or 408(b) (“▇▇▇”) that is established on behalf of the designated Beneficiary and that will be treated as an inherited ▇▇▇ pursuant to the provisions of Code Section 402(c)(1).