Rollover | Strategic Benefits Advisors

A direct transfer of assets from one qualified retirement plan to another qualified retirement plan or IRA. In a direct rollover, the employee is not taxed on the payment until it is withdrawn or distributed later. This is sometimes called a “trustee to trustee” transfer, which is made without any funds being sent directly to the plan participant.

SBA publishes guidance on which CARES Act provisions require immediate action by health and retirement plan sponsors
Plan sponsors will need to coordinate with healthcare providers immediately to begin complying with the law's mandatory provisions. While most retirement plan provisions are optional, they are nonetheless time-sensitive and call for coordination with the plan sponsor's recordkeeper and actuary.

Related Terms:

Term: Rollover
Term: Trustee
Term: Participant
Term: IRA