Rollovers or Direct Rollovers from Eligible Retirement Plans. You may directly or indirectly roll over assets from an eligible retirement plan sponsored by your employer into your Xxxx XXX (also referred to as qualified rollovers). You are responsible for the consequences of rolling over assets, including designated Xxxx account assets, to a Xxxx XXX. Your plan administrator or employer is responsible for determining the amount of your assets in its eligible retirement plan that is eligible for rollover to a Xxxx XXX. Assets in a Xxxx XXX are not eligible to be rolled over to an eligible retirement plan. a. Eligible Retirement Plan (ERP). 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
Appears in 6 contracts
Samples: Customer Agreement, Customer Agreement, Customer Agreement
