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

February 17, 2009

Alternate Payee

Your Guide

Print

Definition

Any spouse, former spouse, child or other dependent of a plan participant who is recognized by a domestic relations order (DRO) as having a right to receive all, or a portion of, the participant’s benefits payable under a plan.

Referring Cite

IRC §414(p)(8); ERISA §206(d)(3)(K)

Additional Helpful Information

A spouse or former spouse can rollover amounts received as an alternate payee A non-spouse alternate payee cannot rollover amounts received under a DRO

More

Keep Learning

Domestic abuse distribution

A domestic abuse distribution is one that is made to domestic abuse victim, during the 1-year period beginning on any date on which the individual

Eligible retirement plan

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

Qualified See-Through Trust beneficiary

Definition A qualified trust beneficiary is a trust that satisfies the requirements so as to be treated as a designated beneficiary.   For retirement accounts inherited

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

Be among the first to know when

IRA Rules
Change