Qualified Rollover Contributions. For distributions made from this Plan after December 31, 2007, the following provisions shall apply: Participants must be given the option to directly rollover to a Xxxx XXX as a qualified rollover contribution pursuant to section 408A(e) of the Code. Pursuant to section 402(c)(11) of the Code, for distributions that occur prior to January 1, 2010, a plan may, but is not required to permit Qualified Rollover Contributions by nonspouse Beneficiaries and a rollover by a nonspouse Beneficiary must be made in a Direct Rollover to a Xxxx XXX. A surviving spouse Xxxxxxxxxxx who makes a rollover to a Xxxx XXX from this Plan may elect either to treat the Xxxx XXX as his or her own or establish the Xxxx XXX in the name of the decedent with the surviving spouse as the Beneficiary.
Qualified Rollover Contributions. If current eligibility requirements as defined by the Code and Regulations are met, spouse, nonspouse, or qualified trust beneficiary may make a qualified rollover contribution to a Xxxx XXX from an eligible retirement plan other than a Xxxx XXX. A qualified rollover contribution must be sent in a direct rollover from the distributing plan to the Inherited Xxxx XXX. The beneficiary may not have constructive receipt of the assets. For assistance in determining qualified rollover contribution eligibility and the tax consequences of such a transaction, consult a tax advisor. Distributions to Inherited Xxxx XXX Owners. Beneficiary payouts from Inherited Xxxx IRAs must continue as required by the Code and Regulations. See, JANUARY 1, 2020” in this document for more information. MISCELLANEOUS
Qualified Rollover Contributions. Participants must be given the option to directly rollover to a Xxxx XXX as a qualified rollover contribution pursuant to section 408A(e) of the Code. Pursuant to section 402(c)(11) of the Code, for distributions that occur prior to January 1, 2010, a plan may, but is not required to permit Qualified Rollover Contributions by nonspouse beneficiaries, and a rollover by a nonspouse beneficiary must be made in a Direct Rollover to a Xxxx XXX. A surviving spouse beneficiary who makes a rollover to a Xxxx XXX from this plan may elect either to treat the Xxxx XXX as his or her own or establish the Xxxx XXX in the name of the decedent with the surviving spouse as the beneficiary.
Qualified Rollover Contributions. If current eligibility requirements as defined by the Code and Regulations are met, a nonspouse beneficiary may make a qualified rollover contribution to a Xxxx XXX from an eligible retirement plan other than a Xxxx XXX. A qualified rollover contribution must be sent in a direct trustee-to-trustee transaction from the distributing plan to the Inherited Xxxx XXX. The nonspouse beneficiary may not have constructive receipt of the assets. For assistance in determining qualified rollover contribution eligibility and the tax consequences of such a transaction, consult a tax advisor.
Qualified Rollover Contributions. In addition to contributions under Article 2, the Individual may contribute to the Roth IRA Account a qualified rollover contribution within the xxxxxxx of Code Section 408A(e) that is a rollover from another Roth IRA. The Individual also may contribute to the Roth IRA Xxxxxxx a qualified rollover contribution that is a xxxxxxxx from an IRA, but only if the Individual's adjusted gross income for txx taxable year does not exceed $100,000 and the Individual is not a married individual filing a separate federal income tax return. A qualified rollover contribution is defined in part as a rollover from another Roth IRA, or from an IRA, if the rollover meets the requiremexxx xx Xode Section 400(d)(3). A qualified rollover contribution may be in cash or property or both, provided that the Trustee shall not accept as a rollover amount any property other than cash unless it consists of (i) "marketable securities" which in the opinion of the Trustee may be sold by it in accordance with all applicable federal securities and other laws or which the Trustee otherwise agrees to accept and retain; or (ii) an annuity contract (other than an annuity contract including a life insurance element) or endowment contract which in the opinion of the Trustee may be promptly surrendered by it to the issuer for cash. A rollover may not include certain amounts, such as the amount of any required minimum distributions. The Trustee also will accept (i) qualified rollover contributions that are transferred to it directly from another trustee or custodian, (ii) the conversion of an IRA to a Roth IRA in accordance with Code Section 408A(d)(3)(X), and (xxx) xxx transfer, no later than the Individual's due date for filing his or her federal income tax return for a taxable year (without regard to extensions), from a traditional IRA to a Roth IRA of contributions for that year (and earningx xllocabxx xx xxch contributions) in accordance with Code Section 408A(d)(3)(D), each upon receipt of documentation satisfactory to the Trustee. Any contribution by the Individual under this Article 3 shall be accompanied by a written declaration from the Individual that it is a valid rollover amount.
Qualified Rollover Contributions. If current eligibility requirements as defined by the Code and Regulations are met, spouse, nonspouse, or qualified trust beneficiary may make a qualified rollover contribution to a Xxxx XXX from an eligible retirement plan other than a Xxxx XXX. A qualified rollover contribution must be sent in a direct rollover from the distributing plan to the Inherited Xxxx XXX. The beneficiary may not have constructive receipt of the assets. For assistance in determining qualified rollover contribution eligibility and the tax consequences of such a transaction, consult a tax advisor. DISTRIBUTIONS – DEATH OF IRA OWNER ON OR AFTER JANUARY 1, 2020” in this document for more information. MISCELLANEOUS
