Direct Rollover

What Does Direct Rollover Mean?
A distribution of eligible rollover assets from a qualified plan, 403(b) plan, or a governmental 457 plan to a Traditional IRA, qualified plan, 403(b) plan, or a governmental 457 plan; or a distribution from an IRA to a qualified plan, 403(b) plan or a governmental 457 plan.

Investopedia explains Direct Rollover
Direct rollover assets are made payable to the qualified plan or IRA Custodian/Trustee, never to the individual.

A direct rollover is reportable but not taxable.

Filed Under: Retirement

Related Terms

401(K)
403(B) Plan
Defined Benefit Plan
Defined Contribution Plan
Indirect Rollover
Individual Retirement Account - IRA
IRA Rollover
Rollover
SIMPLE IRA
Simplified Employee Pension - SEP
More Related Terms

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