ROLLOVERS TO IRAs
01.Core Concepts
Causes a loss of: • ERISA Protection (although will be protected under federal bankruptcy law as a result of BAPCPA 2005) • NUA Direct Rollover • A distribution from a qualified plan trustee directly to the trustee of the recipient account • No 20% income tax withholding Indirect Rollover • A distribution to the participant with a subsequent transfer to another account within 60 days • Mandatory 20% income tax withholding