Qualified Rollover Contribution definition

Qualified Rollover Contribution is a rollover contribution that meets the requirements of Code Section 408(d)(3), except the one-rollover-per-year rule of Code Section 408(d)(3)(B) does not apply if the rollover contribution is from an IRA other than a Xxxx XXX (a “non-Xxxx XXX”). Contributions may be limited as described in paragraph 19.10(b).
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Qualified Rollover Contribution means a rollover contribution from another XXXX XXX, a Designated Xxxx Account, or from a non-XXXX XXX that meets the requirements of Section 408 (d)(3) of the Code, except that the limit to one rollover per year in Section 408(d)(3)(B) of the Code does not apply if the rollover is from a non-XXXX XXX.
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Qualified Rollover Contribution. This term includes: (a) Rollovers be- tween Xxxx XXX accounts; (b) Traditional XXX converted to a Xxxx XXX; (c) Direct Rollover from an Employer’s plan of funds other than a Designated Xxxx Contribution Account; and (d) a rollover from a Designated Xxxx Con- tribution Account to a Xxxx XXX. Qualified Rollover Contributions must meet the general XXX rollover rules, except that the 12-month rollover restriction does not apply to rollovers (conversions) between a traditional XXX and a Xxxx XXX. However, the 12-month rule does apply to rollovers between Xxxx IRAs. Beginning in 2008, rollovers from employer-sponsored plans, such as qualified plans and 403(b)s, to a Xxxx XXX are permitted. You could also roll over from the employer’s plan to a traditional XXX, and then roll over (convert) to a Xxxx XXX if you meet the conversion eligibility requirements discussed earlier. Rollovers From Employer-Sponsored Plans: The rules discussed in this section apply only to amounts under an employer’s plan, other than Xxxx Elective Deferral Accounts. An eligible rollover distribution from a Xxxx Elective Deferral Account can be rolled over only to a Xxxx XXX or another accepting employer’s plan. Rollovers to traditional IRAs are permitted if you have received an eligible rollover distribution from one of the following: • A qualified plan under Section 401(a); • A qualified annuity under Section 403(a); • A Tax-Sheltered Annuity (TSA) or Custodial Account under Section 403(b); • A governmental section 457(b) plan; or • The Federal Employees’ Thrift Savings Plan.
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Examples of Qualified Rollover Contribution in a sentence

  • A Qualified Rollover Contribution can be made to a Xxxx XXX and is a distribution from an IRA that meets the requirements of section 408(d)(3), a rollover from a designated Xxxx account described in section 402A, or a rollover from an eligible retirement plan as described in section 402(c)(8)(B).

  • A Qualified Rollover Contribution can be made to a Xxxx XXX and is a distribution from an XXX that meets the requirements of section 408(d)(3), a rollover from a designated Xxxx account described in section 402A, or a rollover from an eligible retirement plan as described in section 402(c)(8)(B).

  • Qualified Rollover Contribution to a Xxxx XXX or [Inherited] Xxxx BDA.

  • The Fidelity Advisor XXX will also accept other amounts that may qualify as a Qualified Rollover Contribution under the Internal Revenue Code, subject to the account owner's representation that all requirements of the Code are met.

  • As a result, the following increased limits on aggregate XXX and Xxxx XXX contributions are made permanent under current law: Combined Maximum Annual XXX Contribution Qualified Rollover Contribution to a Xxxx XXX (Direct Xxxx Conversion) Certain distributions of pretax assets from employer-sponsored plans (for example, 401(a), 403(b), and governmental 457(b) plans) may be eligible for rollover directly into your Xxxx XXX or Xxxx XXX BDA.

  • The Custodian is not required to determine the correctness of the amount of any contribution, nor is the Custodian required to determine whether a rollover contribution satisfies the definition of Qualified Rollover Contribution.

  • Qualified Rollover Contribution (conversion) into a Roth IRA xxxx x 401(k), 403(b), 457 Plan or other Qualified Plan – I certify that this rollover is a distribution from my employer’s retirement plan paid as a direct rollover contribution (conversion) into a Roth IRA.

  • Qualified Rollover Contribution (conversion) into a Xxxx XXX from a 401(k), 403(b), 457 Plan or other Qualified Plan – This is a distribution from my employer’s retirement plan paid as a direct rollover contribution (conversion) into a Xxxx XXX.

  • A Qualified Rollover Contribution can be made to a Xxxx XXX and is a distribution from an IRAthat meets the requirements of section 408(d)(3), a rolloverfrom a designated Xxxx account described in section 402A, or a rollover from an eligible retirement plan as described in section 402(c)(8)(B).


More Definitions of Qualified Rollover Contribution

Qualified Rollover Contribution refers to the deposit into a Xxxx XXX (in a manner that meets the requirements of section 408A(e) of the Code), of a distribution or conversion amount issued from an IRA or eligible retirement plan. It also refers to a rollover into a Xxxx XXX of a distribution from another (or the same) Xxxx XXX. Throughout the remainder of this section, the terms “rollover” and “conversion” will be used interchangeably and will be deemed to refer to a Qualified Rollover Contribution. For purposes of this section, the use of the term “IRA” will be deemed to include a SEP IRA and a SIMPLE IRA, unless otherwise noted, except that in the case of a SIMPLE IRA, no conversion can take place until after the close of the two-year period beginning with a Participant’s First Date of Participation in an Employer’s SIMPLE IRA Plan. General Provisions: You may roll over or convert an amount from an IRA to a Xxxx XXX. You may not roll over any distribution from, or convert any amount in, an IRA to a Xxxx XXX that represents your Required Minimum Distribution (“RMD”) obligation for the year. (RMDs are distributions that must begin to be distributed from IRAs and SIMPLE IRAs, generally beginning with the year a Participant attains age 72 (70½ if born before July 1, 1949).) Instead, you may only roll over or convert the amount that exceeds your RMD obligation for the year to a Xxxx XXX. If you are currently receiving substantially equal payments from an IRA or SIMPLE IRA in accordance with section 72(t) of the Code, you may roll over or convert the amount in that IRA or SIMPLE IRA to a Xxxx XXX without violating the rule against premature modification of the payment amount if the eligibility requirements for making a Qualified Rollover Contribution to a Xxxx XXX are satisfied and the same payment schedule is continued in the Xxxx XXX. Rollovers from or to employer sponsored plans or conversions from Traditional IRAs to Xxxx IRAs are not subject to the 12-month or “one rollover per-year” restriction applicable to the rollover of distributions from IRAs. Accomplishing a Rollover or Conversion to a Xxxx XXX: There are three ways that an amount in an IRA can be rolled over or converted to a Xxxx XXX, as follows:
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Qualified Rollover Contribution means a rollover contribution from an IRA that meets the requirements of Section 408(d)(3) of the Code, and for any taxable year after December 31, 2005, shall
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Qualified Rollover Contribution means a transfer into this Plan, either direct or through the Employee by means of (1) an Individual Retirement Account (2) a distribution or transfer from another pension, profit-sharing or stock bonus plan qualified under Code Section 401(a), or (3) a distribution or transfer from a Code Section 403(a), 403(b), or 457(b) Plan pursuant to the provisions of Plan Section 5.8.
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Qualified Rollover Contribution means a rollover contribution of a distribution from an IRA that meets the requirements of Code Section 408(d)(3), except the one-rollover-per-year rule of Section 408(d)(3)(B) does not apply if the rollover contribution is from an IRA other than a Roth IRA (a “nonRoth IRA”). For taxable years beginning after 2005, a qualified rollover contribution includes a rollover from a designated Roth account described in Code Section 402A; and for taxable years beginning after 2007, a qualified rollover contribution also includes a rollover from an eligible retirement plan described in Section 402(c)(8)(B).
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Qualified Rollover Contribution refers to the deposit into a Xxxx XXX (in a manner that meets the requirements of section 408A(e) of the Code), of a distribution or conversion amount issued from an XXX or eligible retirement plan. It also refers to a rollover into a Xxxx XXX of a distribution from another (or the same) Xxxx XXX. Throughout the remainder of this section, the terms “rollover” and “conversion” will be used interchangeably and will be deemed to refer to a Qualified Rollover Contribution. For purposes of this section, the use of the term “XXX” will be deemed to include a SEP XXX and a SIMPLE XXX, unless otherwise noted, except that in the case of a SIMPLE XXX, no conversion can take place until after the close of the two-year period beginning with a Participant’s First Date of Participation in an Employer’s SIMPLE XXX Plan. General Provisions: You may roll over or convert an amount from an XXX to a Xxxx XXX. You may not roll over any distribution from, or convert any amount in, an XXX to a Xxxx XXX that represents your Required Minimum Distribution (“RMD”) obligation for the year. (RMDs are distributions that must begin to be distributed from IRAs and SIMPLE IRAs, generally beginning with the year a Participant attains age 72 (70½ if born before July 1, 1949).) Instead, you may only roll over or convert the amount that exceeds your RMD obligation for the year to a Xxxx XXX. If you are currently receiving substantially equal payments from an XXX or SIMPLE XXX in accordance with section 72(t) of the Code, you may roll over or convert the amount in that XXX or SIMPLE XXX to a Xxxx XXX without violating the rule against premature modification of the payment amount if the eligibility requirements for making a Qualified Rollover Contribution to a Xxxx XXX are satisfied and the same payment schedule is continued in the Xxxx XXX. Rollovers from or to employer sponsored plans or conversions from Traditional IRAs to Xxxx IRAs are not subject to the 12-month or “one rollover per-year” restriction applicable to the rollover of distributions from IRAs. Accomplishing a Rollover or Conversion to a Xxxx XXX: There are three ways that an amount in an XXX can be rolled over or converted to a Xxxx XXX, as follows:
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Qualified Rollover Contribution means a rollover Contribution of a distribution from an IRA that meets the requirements of Section 408(d)(3) of the Code, except the one-rollover-per-year rule of Section 408(d)(3)(B) of the Code does not apply if the rollover Contribution is from an IRA other than a Roth IRA; i.e. a non-Roth IRA. A Qualified Rollover Contribution includes a rollover from a designated Roth account described in Section 402A of the Code and from an eligible retirement plan described in Section 402(c)(8)(B) of the Code, and also includes other rollover payments specifically authorized by statutes. 165898-15
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Related to Qualified Rollover Contribution

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Qualified Non-Elective Contribution means any Employer contributions made pursuant to Section 4.1(c) and Section 4.6(b) and Section 4.8(f). Such contributions shall be considered an Elective Contribution for the purposes of the Plan and may be used to satisfy the "Actual Deferral Percentage" tests or the "Actual Contribution Percentage" tests.

  • Non-Elective Contribution means the Employer contributions to the Plan excluding, however, contributions made pursuant to the Participant's deferral election provided for in Section 4.2 and any Qualified Non-Elective Contribution used in the "Actual Deferral Percentage" tests.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Qualified Nonelective Contributions means contributions of the Plan Sponsor or an Affiliate, other than Matching Contributions or Elective Deferrals, which are nonforfeitable when made, and which would be nonforfeitable regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Code Section 401(k)(2)(B) and the regulations thereunder.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Elective Contribution means the Employer contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess “annual additions” pursuant to Section 4.11(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.7(b) which is used to satisfy the “Actual Deferral Percentage” tests shall be considered an Elective Contribution for purposes of the Plan. Any contributions deemed to be Elective Contributions (whether or not used to satisfy the “Actual Deferral Percentage” tests or the “Actual Contribution Percentage” tests) shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the nondiscrimination requirements of Regulation 1.401(k)-1(b)(5) and Regulation 1.401(m)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • Qualified Nonelective Contribution (QNEC) means the Employer's contributions to the Plan that are made pursuant to Sections 12.1(a)(4), 12.5 and 12.7 or pursuant to any other Plan provision which provides for such contributions.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Member contribution means a contribution under regulation 32;

  • Qualifying contribution means, with respect to a

  • Company Contribution means that portion of the main extension costs which the Company will fund based upon the following formula:

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Nonelective Contribution means an amount contributed by a participating

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • Eligible Rollover Distribution means any distribution of all or any portion of the balance to the credit of the Distributee, except that an Eligible Rollover Distribution does not include: (a) any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the Distributee, the joint lives (or joint life expectancies) of the Distributee and the Distributee's Beneficiary, or for a specified period of 10 years or more; (b) any distribution to the extent such distribution is required under Section 401(a)(9) of the Code; and (c) the portion of any distribution that is not includable in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to employer securities).

  • Employer Contributions means all amounts paid into ASRS by an

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Catch-Up Contribution means an Elective Deferral made to the Plan by a Catch-Up Eligible Participant that, during any taxable year of such Participant, exceeds one of the following:

  • Rollover Distribution shall be defined as set forth in Section 5.05, herein."

  • Member contributions means all amounts paid to ASRS by a member.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Qualified Reservist Distribution means a distribution (i) from an IRA or elective deferrals under a section 401(k) or 403(b) plan, or a similar arrangement, (ii) to an individual ordered or called to active duty after September 11, 2001 (because he or she is a member of a reserve component) for a period of more than 179 days or for an indefinite period, and (iii) made during the period beginning on the date of the order or call and ending at the close of the active duty period.