Common use of Rollovers from Employer-Sponsored Eligible Retirement Plans Clause in Contracts

Rollovers from Employer-Sponsored Eligible Retirement Plans. You may directly or indirectly roll over assets from an eligible retirement plan, sponsored by your employer, into your XXX. Your plan administrator or employer is responsible for determining the amount of your assets in its eligible retirement plan that are eligible for rollover to an XXX or other eligible retirement plan. a. Eligible Retirement Plan. Eligible retirement plans include qualified trusts under IRC Section 401(a), annuity plans under IRC Section 403(a), annuity contracts under IRC Section 403(b), and certain governmental IRC Section 457(b) plans. Common names for these plans include 401(k), profit sharing, pension, money purchase, federal thrift savings, and tax-sheltered annuity plans.

Rollovers from Employer-Sponsored Eligible Retirement Plans. You may directly or indirectly roll over assets from an eligible retirement plan, sponsored by your employer, into your XXXIRA. Your plan administrator or employer is responsible for determining the amount of your assets in its eligible retirement plan that are eligible for rollover to an XXX IRA or other eligible retirement plan. a. Eligible Retirement Plan. Eligible retirement plans include qualified trusts under IRC Section 401(a), annuity plans under IRC Section 403(a), annuity contracts under IRC Section 403(b), and certain governmental IRC Section 457(b) plans. Common names for these plans include 401(k), profit sharing, pension, money purchase, federal thrift savings, and tax-sheltered annuity plans.