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When is an IRA Rollover permitted for distributions from an employer-sponsored plan?

April 26, 2017distributions employer-sponsored IRA permitted Plan rollover

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When is an IRA Rollover permitted for distributions from an employer-sponsored plan?

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An IRA Rollover is permitted for any “eligible rollover distribution” from an employer-sponsored plan. This includes distributions from 401(k) plans when an employee changes jobs or retires, but also includes eligible rollover distributions from other employer-sponsored plans, such a qualified pension and profit-sharing plans, defined benefit plans, 403(a) annuity plans, 403(b) annuity contracts and governmental 457 plans.