Common use of In-Plan Xxxx Rollovers Clause in Contracts

In-Plan Xxxx Rollovers. (a) The Plan □ does / X does not (check one) permit in-plan Xxxx rollovers (i.e., the conversion of eligible pre-tax funds held in the Plan into Xxxx after-tax contributions inside the Plan) to the extent permitted under applicable Internal Revenue Service guidance. This provision is effective on and after (indicate a date on or after January 1, 2011). Note: Xxxx elective deferral contributions must be permitted under the Plan to permit in-plan Xxxx rollovers. (b) The following individuals are eligible to make in-plan Xxxx rollovers (check one): □ Option #1: All Plan Participants (including former Employees with balances in the Plan and Employees not currently eligible to contribute to the Plan) and surviving spouse Beneficiaries (check only if Option #1 in Item 32(c) is checked). □ Option #2: All Plan Participants (including former Employees with balances in the Plan and Employees not currently eligible to contribute to the Plan) (check only if Option #1 or #2 in Item 32(c) is checked). □ Option #3: Only Plan Participants who are otherwise eligible to contribute to the Plan because they are eligible employees described in Item 5 at the time they elect to make a rollover contribution (check only if Option #1, #2, or #3 in Item 32(c) is checked). (c) Regardless of the election made in Item 33(a), the Plan □ will / X will not (check one) permit in-plan Xxxx rollovers (i.e., the conversion of eligible pre-tax funds held in the Plan into Xxxx after-tax contributions inside the Plan) of amounts not otherwise distributable under the Internal Revenue Code to the extent permitted under applicable Internal Revenue Service guidance. This provision shall be effective for in-plan Xxxx rollovers made on and after (indicate a date on or after January 1, 2013). Note: Xxxx elective deferral contributions must be permitted under the Plan to permit in-plan Xxxx rollovers.

In-Plan Xxxx Rollovers. (a) The Plan □ X does / X □ does not (check one) permit in-plan Xxxx rollovers (i.e., the conversion of eligible pre-tax funds held in the Plan into Xxxx after-tax contributions inside the Plan) to the extent permitted under applicable Internal Revenue Service guidance. This provision is effective on and after October 1, 2021 (indicate a date on or after January 1, 2011). Note: Xxxx elective deferral contributions must be permitted under the Plan to permit in-plan Xxxx rollovers. (b) The following individuals are eligible to make in-plan Xxxx rollovers (check one): □ Option #1: All Plan Participants (including former Employees with balances in the Plan and Employees not currently eligible to contribute to the Plan) and surviving spouse Beneficiaries (check only if Option #1 in Item 32(c) is checked). □ Option #2: All Plan Participants (including former Employees with balances in the Plan and Employees not currently eligible to contribute to the Plan) (check only if Option #1 or #2 in Item 32(c) is checked). □ X Option #3: Only Plan Participants who are otherwise eligible to contribute to the Plan because they are eligible employees described in Item 5 at the time they elect to make a rollover contribution (check only if Option #1, #2, or #3 in Item 32(c) is checked). (c) Regardless of the election made in Item 33(a), the Plan □ X will / X □ will not (check one) permit in-plan Xxxx rollovers (i.e., the conversion of eligible pre-tax funds held in the Plan into Xxxx after-tax contributions inside the Plan) of amounts not otherwise distributable under the Internal Revenue Code to the extent permitted under applicable Internal Revenue Service guidance. This provision shall be effective for in-plan Xxxx rollovers made on and after October 1, 2021 (indicate a date on or after January 1, 2013). Note: Xxxx elective deferral contributions must be permitted under the Plan to permit in-plan Xxxx rollovers.