S.D. Admin. R. 62:03:06:03
To the extent permitted by law, a participant may transfer a portion or all of the participant's account in another plan which is eligible under § 401, 403(b), 408, or 457(b) of the code into this plan by trustee-to-trustee transfer or by rollover. The plan shall account for such amounts separately. A participant may rollover designated Roth contributions into the plan only if the contributions are a direct rollover from another plan that permits designated Roth contributions as described in section 402A(e)(1) of the code and only to the extent the rollover is permitted under section 402(c). The plan shall establish and maintain separate recordkeeping for any Roth rollover paid to the plan from any eligible retirement plan and shall record the year in which the participant first made a designated Roth rollover.
S.D. Admin. R. 62:03:06:03
General Authority: SDCL 3-13-54, 3-13-57.
Law Implemented: SDCL 3-13-54, 3-13-57.