Save time with our cheat sheets, fact sheets, checklists & books!

January 20, 2023

Eligible retirement plan


Eligible retirement plan

a retirement plan to which a rollover contribution can be made

The term “eligible retirement plan”, means a retirement plan to which a rollover contribution can be made. These are:

(i)an individual retirement account described in section 408(a),

(ii)an individual retirement annuity described in section 408(b) (other than an endowment contract),

(iii)a qualified trust,

(iv)an annuity plan described in section 403(a),

(v)an eligible deferred compensation plan described in section 457(b) which is maintained by an eligible employer described in section 457(e)(1)(A), and

(vi)an annuity contract described in section 403(b).

If any portion of an eligible rollover distribution is attributable to payments or distributions from a designated Roth account (as defined in section 402A), an eligible retirement plan with respect to such portion shall include only another designated Roth account and a Roth IRA. [IRC § 402(c)(8)(B)]


Keep Learning

Qualified Charitable Distribution (QCD)

Definition A distribution that is excludable from the distributee’s income, as a result of meeting the following requirements: It is made after the distributee reaches

Saver’s Credit

Definition Also known as the Saver’s Tax Credit: Nonrefundable tax credit available to eligible individuals who make contributions to their retirement account. The saver’s credit

Catch-up Contribution

Definition An additional contribution that can be made to a retirement plan by a participant who is at least age-50 by the end of the

Be among the first to know when

IRA Rules