In-Service Distributions From Rollover Account Sample Clauses
The "In-Service Distributions From Rollover Account" clause allows participants to withdraw funds from their rollover account while still employed by the plan sponsor. Typically, this provision applies to amounts that were previously rolled over from another qualified retirement plan or IRA, and may permit distributions at any time or under specific conditions, such as reaching a certain age. Its core practical function is to provide flexibility for employees to access their rollover funds without requiring separation from service, addressing the need for liquidity or financial planning while still maintaining employment.
In-Service Distributions From Rollover Account. If a Participant has a separate account attributable to rollover contributions to the Plan, the Participant may at any time elect to receive a distribution of all or any portion of the amount held in the rollover account under any optional distribution form described in Section 6.2.
In-Service Distributions From Rollover Account. If the Funding Vehicle in which a Participant’s Account is invested maintains a separate account attributable to rollover contributions to the Plan, to the extent permitted by the applicable Individual Agreement, the Participant may at any time elect to receive a distribution of all or any portion of the amount held in the rollover account.