Direct rollover or direct transfer: which should you use?
Article Abstract:
The different treatment of direct transfers and direct rollovers between qualified retirement arrangements should be considered before making such transactions. Direct rollovers occur when the plan participant has the option to receive and pocket the benefits, but chooses to instead move it directly to another qualified arrangement. Direct transfer is the movement from one qualified plan to another when the participant does not have the option to receive the benefits. The major differences are discussed.
Publication Name: The Journal of Pension Planning & Compliance
Subject: Human resources and labor relations
ISSN: 0148-2181
Year: 1996
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Planning for in-kind contributions to qualified plans
Article Abstract:
The severe penalties associated with prohibited in-kind contributions to qualified plans suggest that plan sponsors should carefully consider other types of contribution first, and be aware of the numerous restrictions placed on in-kind contributions should they decide to make them. Income and excise tax considerations, the applicable ERISA and IRC statutes, and the different types of in-kind contribution allowed for different types of qualified plans are dsicussed.
Publication Name: The Journal of Pension Planning & Compliance
Subject: Human resources and labor relations
ISSN: 0148-2181
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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