Common use of Participant Rollover Contributions from IRAs Clause in Contracts

Participant Rollover Contributions from IRAs. The Plan will accept a rollover contribution of the portion of a distribution from a traditional IRA that is eligible to be rolled over and would otherwise be includible in gross income. Rollovers from Xxxx IRAs or a Xxxxxxxxx Education Savings Account (formerly known as an Education IRA) are not permitted because they are not traditional IRAs. A rollover from a SIMPLE IRA is allowed if the amounts are rolled over after the individual has been in the SIMPLE IRA for at least two years.

Participant Rollover Contributions from IRAs. The Plan will accept a rollover contribution of the portion of a distribution from a traditional IRA that is eligible to be rolled over and would otherwise be includible in gross income. Rollovers from Xxxx IRAs or a Xxxxxxxxx Education Savings Account (formerly known as an Education IRA) are not permitted because they are not traditional IRAs. A rollover from a SIMPLE IRA is allowed if the amounts are rolled over after the individual has been in the SIMPLE IRA for at least two years.. (Question 30.q. is selected) EMPLOYER MATCHING CONTRIBUTIONS (Plan Section 12.1(a)(2))