Plan-to Plan Transfers/Rollovers. The Trustee may transfer all of the property representing a participant’s vested interest in the Plan to the trustees of any trust qualified under Section 401(a) of the Code. The Trustee may make such a transfer only at the direction of the Administrator. The Trustee may accept as part of the Trust Fund such property as is acceptable to the Trustee which represents a participant’s retirement benefits transferred from a trust qualified under Section 401(a) of the Code or transferred from the participant or an individual retirement account as a permissible rollover under Sections 402(c)(4), 403 (a)(4), or 408(d) (3) of the Code. The Trustee may accept such a transfer only at the direction of the Administrator. The amount of such benefits shall at all times be separately accounted for by the Company. A participant shall at all times be fully vested in any property so transferred as a rollover to the Trust Fund. Such property shall be distributed to the participant or his beneficiary at the direction of the Administrator within the time required for distribution of his retirement benefits under the applicable provisions of the Plan.
Plan-to Plan Transfers/Rollovers. If a Plan permits plan-to-plan transfers or rollovers, Trustee shall take such action as is necessary or desirable to accomplish any such matter, all pursuant to appropriate directions from the Administrator or an Authorized Party. Except as otherwise set forth in the Scope of Services, the Administrator shall separately account for any such plan-to-plan transfers or rollovers and shall be responsible for determining that any such transfers or rollovers comply with applicable law.
