Voluntary Direct Transfers Between Plans. A Participant or Employee shall be able to transfer his or her entire benefit between qualified Defined Contribution Plans [other than a direct transfer described in Code Section 401(a)(31)] without regard to whether the Participant’s benefit is immediately distributable or results in the elimination or reduction of Code Section 411(d)(6) protected benefits. Such a transfer does not violate Code Section 411(d)(6) if the following requirements are met:
Appears in 4 contracts
Samples: Defined Contribution Plan (Chicopee Bancorp, Inc.), Defined Contribution Plan (Century Bancorp Inc), Defined Contribution Plan (Idt Corp)
Voluntary Direct Transfers Between Plans. A Participant or Employee shall be able to transfer his or her entire benefit between qualified Defined Contribution Plans [other than a direct transfer described in Code Section 401(a)(31)] without regard to whether the Participant’s benefit is immediately distributable or results in the elimination or reduction of Code Section 411(d)(641l(d)(6) protected benefits. Such a transfer does not violate Code Section 411(d)(641l(d)(6) if the following requirements are met:
Appears in 1 contract
Samples: Defined Contribution Plan (Georgetown Bancorp, Inc.)
