S.D. Admin. R. 62:04:03:01

Current through Register Vol. 51, page 67, December 16, 2024

Section 62:04:03:01 - Direct rollovers

Pursuant to SDCL 3-13A-20, a participant or a participant's surviving spouse may elect, at the time and in the manner prescribed by the third-party administrator, to have any portion of an eligible rollover distribution paid in a direct rollover to an eligible retirement plan specified by the participant or the surviving spouse if the plan is an eligible plan under § 401, 403(b), 408, 408 A, or 457 of the code. A participant's beneficiary who is not the participant's surviving spouse may elect, at the time and in the manner prescribed by the third-party administrator, to have any portion of an eligible rollover distribution paid in a direct rollover to a plan specified by the beneficiary if the plan is an eligible plan under § 408 or 408 A of the code.

S.D. Admin. R. 62:04:03:01

31 SDR 191, effective 5/22/2005; 33 SDR 212, effective 6/4/2007; 35 SDR 82, effective 10/22/2008.

General Authority: SDCL 3-13A-4.

Law Implemented: SDCL 3-13A-20.