Qualified Rollover Contributions. For distributions made from this Plan after December 31, 2007, the following provisions shall apply: Participants must be given the option to directly rollover to a ▇▇▇▇ ▇▇▇ as a qualified rollover contribution pursuant to section 408A(e) of the Code. Pursuant to section 402(c)(11) of the Code, for distributions that occur prior to January 1, 2010, a plan may, but is not required to permit Qualified Rollover Contributions by nonspouse Beneficiaries and a rollover by a nonspouse Beneficiary must be made in a Direct Rollover to a ▇▇▇▇ ▇▇▇. A surviving spouse ▇▇▇▇▇▇▇▇▇▇▇ who makes a rollover to a ▇▇▇▇ ▇▇▇ from this Plan may elect either to treat the ▇▇▇▇ ▇▇▇ as his or her own or establish the ▇▇▇▇ ▇▇▇ in the name of the decedent with the surviving spouse as the Beneficiary.
Appears in 3 contracts
Sources: Individual 401(k) Plan Purchase Agreement, Employer Sponsored Plan Account Agreement, Employer Sponsored Plan Account Agreement