Distributing Plan definition

Distributing Plan means an Eligible Retirement Plan that is designated to distribute a direct rollover or send a Trustee-to-Trustee Transfer to another eligible plan (recipient plan).

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Distributing Plan means an eligible retirement plan that is designated to distribute a direct rollover to another eligible plan (recipient plan).

Distributing Plan means (i) a plan described in Section 401(a) of the Code and exempt from tax under section 501(a) of the Code; (ii) a qualified

Examples of Distributing Plan in a sentence

• The Trust Account is not controlled by the beneficiary designations, if any, Grantor made with respect to the Grantor’s interest under the Distributing Plan.

• The only contributions permitted to be made to the Account are the contribution or contributions made by the Distributing Plan that established the Trust Account on the Grantor’s behalf.

• NOTE: Notwithstanding the following, contributions to the Account are limited to your designated ▇▇▇▇ account under the Distributing Plan which has been rolled over on your behalf by the plan sponsor or administrator of the Distributing Plan.

• Subject to such restrictions and procedures as the Administrator may prescribe (which, without limitation, may include restrictions as to the type of plan from which transfers will be permitted), amounts held for the benefit of an Eligible Employee under a Distributing Plan may be transferred (the "Transfer Contribution") directly by the Distributing Plan to this Plan in accordance with the requirements of section 414(l) of the Code and the Regulations thereunder.

• To the extent the Distributing Plan was subject to the requirements of Code sections 401(a)(11) and 417, such requirements shall continue to apply to the transferred amount.

• To the extent determined by the Administrator to be required under section 411(d)(6) of the Code, an Eligible Employee for whom a Transfer Contribution Account is maintained shall be entitled to distributions and withdrawals from such Account under provisions not less restrictive than applied under the Distributing Plan.

More Definitions of Distributing Plan

Distributing Plan means (i) a plan described in Section 401(a) of the Code and exempt from tax under section 501(a) of the Code; (ii) a qualified plan described in Section 403(a) of the Code (including after-tax employee contributions); (iii) an annuity contract described in Section 403(b) of the Code; (iv) an eligible plan under Section 457(b) of the Code which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state; or (v) an individual retirement account or annuity described in Section 408(a) or 408(b) of the Code that is eligible to be rolled over and would otherwise be includible in gross income.

Distributing Plan means (i) a plan described in Section 401(a) of the Code and exempt from tax under section 501(a) of the Code; (ii) a qualified plan described in Section 403(a) of the Code (including after-tax employee contributions); (iii) an annuity contract described in Section 403(b) of the Code;