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

January 20, 2023

Eligible retirement plan

Your Guide


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

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

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

Excess deferral

Definition Salary deferral contributions, contributions are limited to the lesser of the IRC § 402(g) limit or 100% of compensation. Salary deferral contributions in excess

Be among the first to know when

IRA Rules