Eligible retirement plans that can receive (but are not required to accept) rollovers from IRAs include qualified trusts (including Sec.
It applies to certain distributions rolled over to an eligible retirement plan (that is not an IRA).
A plan administrator may permit a participant to divide his distribution into separate distributions to be paid to two or more eligible retirement plans
in direct rollovers but is not required to do so.
Of particular interest to governmental plans is Section II of the Notice, concerning Section 824 of the PPA, which amended the list of eligible retirement plans
from which a Roth Independent Retirement Account (IRA) may accept rollovers.
KETRA individuals who live in a state affected by Hurricane Katrina receive favorable tax treatment with respect to distributions from eligible retirement plans
that are qualified Hurricane Katrina distributions, called "Katrina distributions.
They are establishing these plans not only as a way to reduce their taxable income and save for retirement in the future, but they can also rollover assets held in other eligible retirement plans
and take out a personal loan from the plan on up to 50 percent of their vested account balance (or a maximum of $50,000).
Under a recent ruling, eligible retirement plans
can distribute an individual's rollover contributions, at any time, pursuant to his or her request, if the plan separately accounts for such contributions.
Federal law also allows rollovers of government 457 plans, 403(b) and IRAs to other eligible retirement plans
, but California law restricts rollovers and could tax those events at the state level.
Stable value funds, which are fixed-income vehicles that invest primarily in high-quality bonds and interest-bearing contracts, are designed for eligible retirement plans
as an investment alternative to money market mutual funds.
Less familiar, though, is me tax treatment of distributions from eligible retirement plans
that most types of tax-exempt entities can establish.
3) For purposes of this article, the term "conversion" is used to mean qualified rollover contributions from an eligible retirement plan
to a Roth IRA, as described in [section]408A(e)(1).
unless the distribution is transferred to an eligible retirement plan