Common use of Repayment of a Qualified Birth or Adoption Distribution Clause in Contracts

Repayment of a Qualified Birth or Adoption Distribution. You b. Designated Xxxx Account. This is an account within an ERP may take a distribution of up to $5,000 for a qualified birth or under either IRC Sections 401(a), 403(b), or 457(b) that holds adoption within one year of the birth or from when the adoption is Xxxx contributions and earnings. Xxxx contributions are generally finalized. Such a distribution may be repaid to the IRA any time made by elective deferral with after-tax dollars or internal plan during the 3-year period beginning on the day after the date on which rollovers. the distribution was received or by December 31, 2025, if the c. Eligible Distributions. Not all distributions from an ERP are distribution was made on or before December 29, 2022. eligible for rollover to a Xxxx XXX. The most common amounts