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401k Separation From Service Form

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401k Separation From Service Form

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sr0as6 (1172018) LESSEN, INC. 401(K) PLAN. QP/401(k) Separation From Service vacuane Distribution Request Form This form may be used i you have separated from sevice due to temination, dsabiliy or attainment of normal retirement age and you wish to witheraw fans frm the plan Social Secutity Number INFORMATION Fist Name LastName Ades ty State 2p. i check this box if your address has changed since you recived your last partcipantstaternent with respect to the pan DISTRIBUTION NOTE; Refer to your summary plan description to determine whether installment andlor anusty payments are avaliable to you in INSTRUCTIONS Addlion thase (pes ofestibutions listed below. installment andlor aneuty payments are avarable to you and you wish tO receive your distribution in one of those forms, please see your plan administrator for adltona det wish to: (elect ne) Receive a distribution of my ene vested account 2. Dreceve s ‘of my vested account balance 2. Ci Roll over my entire vested account balance to the plan ander RA described in the Direct olover nfermation section below. 4. D rollover cof my vested account balance tothe plan ardor IRA described in the Direct Rollover Information section below Afyou choose item 4, select one ofthe following options) Leave the remainder of my vested account balance inthe plan pay the remainder of my vested account balance to me. DIRECT ROLLOVER | | wish to citectly rol over my distributions) 0 the folowing plan andor IRA. (Slet from the ited etement plans and IAs anc INFORMATION complete the financial organization information below. f you are rong over to mare than one typeof plan or IRA, speciy the percentage ofthe amount f0 be rolled over into each account) Financial Organzaton ames Finandal Organization Trustee Financial Organiaton/iaree [Name and Adress Name and Ades Name and Address Dormont rian Qaosta)ran | Ciiraditionalina = Csivmieina | Ditvaditoralima — COive ma Dost Pon asx) pan | Caoth ea Diath na. ‘Account Number Account Number ‘Account Number flower Amount Rallover Amount 9% | Rolever Amount % NOTE: A allover to 2 Roth IRA wil result inal pre-tax assets you rol ver being includ in your taxable income WITHHOLDING NOTE: This withholding Election section any apelies flor Federal withholding purposes) ro a dstbutin that is not an eligible olover ELECTION istabution, Threfore, unles State withholding apole fo your distbution, you may skp ths Withholing Electon section and proceed ox We to the Authorization sation below f your astbution is eligi tbe roied over Refer tothe instructions to this form for assistance in OMe 74 ‘making tis determination if the boxes below are checked, Federal and State (f applicable income tax wil not be withheld from your disibuion. ifthe boxes below are not checked, Federal and State fF applicable) income tax wil be withheld as described inthe structions unless you prove 8 specific number of alowances andor adlitonal dollar amount or withholding rate percentage. Refer to the instructions provided ‘th ths for for more information rege oe not withhold Federal income Tax C10 net withhold state Income Tax \witrholcing Rate {% (must be atleast 10%) sr0as6 (1172018) erty that | have read, undetstand ane agree withthe information provided in the instructions to this form. I acknowledge that AUTHORIZATION 1 optional forms of benefit payments and have received, i applicable, my spouse's have imely received a written explanation of 2 consent to take a distribution. | understand that | have 30 days to decide on my payment options and | elect to waive the 30-day petiod. | understand there may bea distribution fee charged against my account for this transaction ard have been advised to contact the plan administrator for 2 description of any applicable fes. | istrict the plan adminstrator to autrovize this disvibution from the plan as s00n as administativey possible Signature of Partcinant Date Plan Administrator Use Only Date of Separation From Senice: Reason for Separation From Service: Termination Clrtainment of Normal Retrement Age C]oisabitty Date Signature of Pan Administrator NOTE: To proces his request the most effient manner, please tli the website at htpssponsor vanguardplan.com This form may not be used to request a distribution in the form of installment or annuly payments, If paticpant requests 2 distribution in eter of thse forms of payment, please contact your Client Service Representative fr further instructions 018612018 Using the QP/401(k) Separation From Service Distribution Request Form ‘Your plan permits you to withdraw your vestes account balance when you separate from service with your employer due to termination, esabilty or atainment of normal retrement age (you are unsure ofthe plan's normal retirement age, please refer to your summary plan descrip). you have separated from serve for ‘one of those reasons and you would ike a dstibution of al or a portion of your vested account balance, lease read the nsiuctons below and complete the ‘Separation From Serie Disbution Request Form thet accompanies these isttuctans, Once completed, the form shauld be forwarded to your plan adminstrator {or aporoval Participant Information Pease enter your social securty number, fll rame, and adres. In adltion, please check the box ifthe address you have prewided as changed since you received your last statement Distribution Instructions Pease speety the amount you wish o receive and how you wish o receive it by choosing item one, two, three or four. F you elect a pail dstrbution fe, tem ‘wo or tem foun you must indicate he dol amount you wish to withdraw, ‘Your distribution wil be deducts from your investment accounts proportionately and wll be pad to you by check Direct Rollover information Eigdle rolover distributions can be made cect to another QP/401Kk,eigbe 457%), 4032) oF 4030) plan, that wil accept it iret rollover 0, if you choose, & Trationa, SIMPLE, or Roth IRA. If you choose to have your olan beret pad to you you al receve only 80% af the payrrent because the plan adminstator is required to withhold 20% of the payment and send itto the Sas ncome tax withholding to be credited against your ‘axes You eannat waive that withholding. gible rolovercstibutions are all distributions ‘rom the plan except the folowing: * Requred minimum dst butions; * Certain installment payments that are a pat of a series of equal or alms equal peviodic payments that wil las for your lifetime (or the joint Ives of you and your beneficiary) or fora specified period of 10 years or mare; and + Distrbutions cue to haréship Ifyou choose to rol over toa Roth IRA, you must include all pre-tax assets in your taxable income inthe year of the distribution. Pease refer tothe Distrbution Notice for a description af options in detail NOTE: 4 rllover toa SIMPLE IRA may not be made until two years after the frst cantribution tothe SIMPLE A, Withholding Election Distoutions fom your plan ae subject to Federal (and in some cases, State) income tax withholding. For some disbutons, you can eect not to have withholding apply, However, you cannot wwe withholding on any slciblerallverdstoution that's paid to you. Refer tothe information prow deo above forthe deéntion of igtie ollverdisvibuton and a descition of the mandatory 20% withholcing Therefore, unless State withholding applies to your disbuton, you may skip the withholding Election section and proceed to the Authorization secton of this form if you distribution is not an eligibie olover distbution, you may elect not to have withholding apply. Check the De Not Witold boxf you do not want any Federal (or Sate, if applicabe) ncome tax withheld from your dstibutian. Even i you do not have income tax withheld, you a lable for payments of incase tae fon the taxable portion of your distrbution, You may 30 be subject to tax penales under the estimated tax payment res f your payments of estimated tax and withnoidng, any, are not adequate ‘The election to net have withholding apply does not apply te any periodic or nenpetiod dstbutions that are delivered outside the U.S. os posestons to a USS. cizen or resident alien. I you are a tonzesident ain, do not comalete ths section. Your dstrbutions are general subject toa iae-withhalaing “at of 30%. A reduces withholding rate, including exemption, may apply there Is atx veaty aetveen your country of residence and the Un ed States, and you submis oem WIBBEN, Certificate of Foreign Status of Beneicol Owner for United States Tax Withholding, or sats the documentation requirements as provded unce” the regulators Periodic Distribution For purposes ofthe withholding rues on dstioutions that are not eligible rallverestnoutions, a period distribution i one thats inludble in your income {or tax purposes and that you receive in nstalmens at regular ntenals (eg, annualy, quarter, morthy, ec) aver a period of time more than 1 yea Periodic distributions are treated as wages for purposes of withholding. tf you do not waive withholding on your periodic distributions, Federal income tax wil 'be withne@ from each payment asf you were a martes indwual Caimng thee withholding alowances. However, you can change the amount of the withholding by complesng the blanks below. Withholding Allowances Marital Status: single CMaried Cnarred, but withhold at higher “single” rate Acditional dolar amount to be withoes § Nonpetiodic Distributions If you 60 not wave witrholding on any nonpetiodic astribution that isnot an elgible rollover dstribution, Federal income tax willbe withheld at the ate of 10%, unless you speay a higher rate by completing the blank onthe front ofthis frm, Remember that there ae penalties for not paying enough tax during the year, ether through withholding or estimated tax payments. New retirees, especialy, should see Publication 505 texpans the estimated tax requirements and penalties in deal, You may beable to avoic quarterly estimated tax payments by Navn ‘enough tax withheld from your pension or annuity using Form W4P ‘Authorization ‘You must authorize this disrioution by sgring and dating the Separation From Service Distribution Request For, Plan Administrator Use Only Pease vty that al information provided by the narcipant is acurate and complete. Enter the date the participant segarated trom service and the eason for ‘the separation from service. You acknowledge thatthe paricpant’s vested account balance will be ca culated based on te dala you have provided, Please sign ane date the form to acknowledge that you, acting as 2 named and authorized reorezentaive of the elan, confirm thatthe information prowded iscomplete and accurate ard the request isin accordance wth this plan. fhe parcipant is marred, you acenowiedge thet you have revewed the Particant Distndution Consent of Spouse Form, i applicable, ard have found to be in good oFde" In adcion, you acknowledge thatthe patcipant has taken the requted minimum disv’buton, sf apalcable, po to your authorization ofa dfet raver. finaly, you authorize this request to be arocesed as instucte. raga ConrpeTe eras LAA LESSEN, INC, 401(K) PLAN #10482NR.50 (972018) 7259596 ‘VANGUARD QP/401(k) DISTRIBUTION NOTICE Important Information About Your Qualified Retirement Plan Distribution INTRODUCTION {AS a parcipant in your employers qualifed retirement plan, you have accumulated a vested account balance. You may receive your vested account balance ony if you incur a triggering event, You may incur = tnagering event you ate ne longer working for your employer, you attan the normal retirement age ind cated inthe Plan, You become asabled under the Plan's definition, your employe terminates the Plan, your Pian permis inservice dsvibutons (may be limited to certain contribution sources), your lan permis dstioutions durng phased retizement (only applicable to certain plans and limited to partipants that have attained age 62), You incur a hardship (only appicabe to certain plans ana may be limited to certain contbution sources. However you must refer to your Surmary lan Deseritin to identify the specific triggering events which apply under you Plan. NOTE: General; payments from your employers qualified retirement plan must be delayed fora minimum of 20 days after you receive this notice, to allow you fime to consider your distabution options though you are ented to consider your distbton options fora petod of 20 days, you may wawe this 90 day novice requirement you wawe the 30 day notice requirement your employer must wat seven days from the date you rectved ths hati before commencing Gsmbutons ‘The law clctates the optional forms tat your payments may take. The law also species how the different types of payments willbe taxed. This notice summarizes your dstibuton optans and ilusates the nancial effect and the tax conseauences of each dstabution option, PART ONE of tis notice describes the Plan payment options aalabe to you. PART TWO describes the payment options for your benefican(es). AAT THREE comains a speci ax noice, requtes by the RS, that explains the tax treatment of your Pan payment that snot ftom a desgnated Roth account and describes the lover options avaiable to you, PART FOUR conta a special tax notice, equited bythe RS, that expla the tax eatment of your Plan payment from a designated Roth account ana deserbes the rover options avaiable to you NOTE: The payment amounts indicated inthis notice are only examples. You may abtain financial projections based ypon your account balance by submiting 2 request, in writing, t6 the Flan adminstvator (usually the employe. PART ONE - PAYMENT OPTIONS FOR PLAN PARTICIPANTS IMPORTANT NOTICE TO PARTICIPANT Read the following message before reviewing your options. Of the thee options listed below, some may not be avaiable {0 you and you must refer fo your Summary Plan Descition to identify the specif payment options that apply under your Pn, if your vested account balance doesnot exceed the Plans cashout level atthe time of cistibution, the Pian administvator general may pay your distribution to you in'a single cash payment, regards of Whether you consent to the dstr buon. A dstbution made without your consent caled 9 cashout estnbution. your Pian alows for cashout dstnoutions ef amounts es than $5,000, 2 cashout dstnbution ofan amount greater than $1,000 that fs an elie rolever dtbut on rust be crectly rolled over by the Pan admin srator to an indical retirement account (RA) crosen by the Plan administrator. You may subsequent transfer the IRA to another IRA provide, once the IRA has been estabished. However, i your vested account baance exceeds the Plans cashout level, you must generally consent to the form of payment, and therefore may, f you wish, postoone commencement of dstnibutions from your account balance. ‘Your employer intends fr your Pan account to provide income to you during retirement Ifyou ake a distribution prior to resting r spend your retrement savings too cull, you may nat have suiient Income to Ive oh in retitement. f you term nate employment and leave your money inthe Pla, ashate ofthe Plan’ administrative expenses may be charged to your account each year Refer to your Pan administrator for an expanation of any adminisvave expenses tha may be charged to she accounts of terminated particpants, if you choose 10 rol over your vested account balance o an RA or ther eligible ctiement plan, the distbuting Plan’ investment options may not be avaiable under the receiing etrement artangement and the fees may difle from those charges to you i our balance remained nthe Pan. Complete information concerning avaliable investment options ard fees curently cherged by the Pan is avaiable Yom your Pian adminisvator. Consult your firancial advisor for 3 ‘scription of investments avalaBe to you outsde of te Pan and ary appicaale fees associated with them DISTRIBUTION OPTIONS. ‘OPTION | — LUMP SUM PAYMENT "You may teques lump sum payment ‘A. LUMP SUM PAYMENT DEFINED ‘lump sum payments the payment of your entre vested account balance, 8B, FINANCIAL EFFECT AND TAX CONSEQUENCES OF A LUMP SUM PAYMENT ‘General lump sum payment is included in your income an taxed in the year ofthe distribution. Most lump sum payments are elibe rover diseibutors and would, therefore, be subject to the 20% withholding rules uniesscrecty rolled over to another plan or IRA. See Parts Three and Four ofthis notce for ‘mre information, (OPTION ll — INSTALLMENT PAYMENTS ‘You may elect to receive your vested account balance in installment payments, installment payments fora perio of less than 10 years ae generaly eiginle rollover stibutons and woul, therefore, be subject to te 20% withholding “ules unless dct alle over to another plano” IRA, Se Parts Tyee and Four of ths notice for more information, ‘A. INSTALLMENT PAYMENTS DEFINED instaliment payments are payments dstriouted to you in any amourt you choose at intenals that you determine within lit set by the trustee or custodian For example, me payments could be paid to you annvaly, semiannually, quarery, or month. The payment schedule yoU choose cannot be longer than Your single fe expectancy or if you have a beneficiary named, te joint Ife exbectancy of you and your benef cary. age tt ope 6208 Ass LUC A PS eee #10482NR.50 (972018) 8B, FINANCIAL EFFECT AND TAX CONSEQUENCES OF INSTALLMENT PAYMENTS General, each instalment payment will be induded in your incore in the yearn which you receive it. For example, a participant who eects to receive $800, per marth wil incude $6,000 ($500 x 12 manths)n income each tx yer. (OPTION tl — ANNUITY CONTRACT ‘You may purchase an ancuity contrac: with your vested account balance. This dstrioution option allows you to choose the type of annuity contract you wish to purenase, However you cannot elec payments n the form ofa life annuity A. ANNUITY CONTRACT DEFINED ‘You may use your vested account balance to purchase aterm certain annuity or ary ther form of annuity except a if annuity. A term certain annuity would istrbute dolar to you and your beneficiary for a specfied numisr of years B. FINANCIAL EFFECT AND TAX CONSEQUENCES OF THE ANNUITY Ifyou eect to use your vested account Balance to purchase aterm certain annuity, payments wil be made to you (and, i aplicable, the benecay of your annuity) fora spectieg numberof year. For example, assume a participant age 66 etres with a $10,000 account balance. A 10 year period certain annuity ‘nay provide him or hr with a month payment equal to $106 07. Generally, each payment included in income in the yea ti eceved. ‘The annuity willbe provided by purchasing an annuity contract rom an insurance company with your acount balance under the plan ‘This example is an estmate and should not be viewed as an assurance that an insurers able to provide the specific amount disclosed PART TWO — PAYMENT OPTIONS FOR BENEFICIARIES OF DECEASED PLAN PARTICIPANTS IMPORTANT NOTICE TO BENEFICIARY Ifyou ae the designated banefcay of deceased partcpants vested account balance, you are eligible fo recave a isrbutin. The frm of the Benefit depends 00 several actors incuding, but at ited fo, the type af pon and te amount in the partepant's account Of the options std above, some may Not be asavobe tO you. ‘OPTION | — PARTICIPANT'S ACCOUNT BALANCE if the partcipant’ vested account balance was $5,000 o less a the time of distribution, the Plan administrator is required to pay your dstrbution to you ina single cash payment. ifthe participants vestea account balance exceeded $5,000, you must consent fo the frm of payment ‘OPTION it — TYPE OF PAYMENT "You may select Option rl Isted above, However, if you select the instalment payment method described in Option I, he payment schedule you choose cannot ‘be longe than your single ie expectancy The rallove option described n Pars Three and Four i avolable only you ae the spouse of the deceased parca. However, spouse and nonspouse beneficaies may be abe o diecty rol ver thir balance to an inherited IRA as described in ars Thee and Four of his notice PART THREE — PAYMENTS NOT FROM A DESIGNATED ROTH ACCOUNT YOUR ROLLOVER OPTIONS ‘You are ecevng this notice because all ora portion ofa payent you are receiving from your retirement plan (the lan") is eigible to be rolled over to an RA or an employer plan. Ths notice is intended to help you decde whether to do such a rolover ‘This notice describes the rollover rues that apply to payments fom the Plan that are mot from a designated Roth account (a type of account with special tax rules in some employer pans). f you also recive a payment from a designated Roth account in the Pan, refer to Part Four of ths nelice for information on that payment, and the Plan admnstator or the payor wil tll you the amount that is beng paid from each account Rules thet apely to most payments from 2 plan are deserbed in the “General Information Aout Rollovers” section, Special rules that only apply incerain ‘ercurstances are described inthe “Speci! Rules and Options" section, GENERAL INFORMATION ABOUT ROLLOVERS How can a rollover affect my taxes? You wi be raxe6 on 9 payment ‘rom the Plan if you do not ol it over f you are under age 58% and do not do 2 lover, you wil ako have to pay a 10% addtional sncamne taxon eary dst utlons (Qenetay,dstnutions made before age 59M), uress an exception apples However you do arolove, you wil Not have to pay tax unkl you receive payment later and the 10% additonal ncome tax will not aoply those payments are made afer you are age 594 (orf an exception apps) What types of retirement accounts and plans may accept my rollover? ‘You may rol ove the payment to ether an RA (an indhdal retirement account or individual retirement annuity) or an employer plan (a taxqualifid pn, section 42031) plan, or governmental secon 45710) pla) that wil accent the fllove. The rules of the IRA or employer plan that holds the rolover it determine Your investment options, fees, and nghts to payment frm the IA or employer plan (fer example, no spousal consent rules apoly to RAS and IRAS may not provde loans) Further, the amount rolled over wil become subject tothe tax rues that apply fo the IRA or employer plan. How do Ido a rollover? ‘There ae two ways 9 doa rollover You can do ether a direct rollover or a 60-day rollover. you do a direct rllove, the Plan will mak the payment direc te your IRA ot an employer plan. You should contact the RA soonser or the administrator of the cempioyer plan for information an haw to-do a direct rollover ‘you do not doa airect rfiover, you may stil do 2 rollover by making a depos into an IRA or elgole employer plan that wil accept it. General, you wil have 160 days after you receive the payment to make the depast. Ifyou de not do a direc olover, the Blan i equted to withcld 20% of the payment for feral income tates (up tothe amount of cash and property receed other than employer stack). This means tat n order tocol ove the entire payment n a 60-ay ‘olor, you must use other fund to make up forthe 203% withheld. you do not rollover the entire amount ofthe payrent, the potion not roled aver wil be ‘axed and wile Subject tothe 10% adétiona income taxon early dstrautions you are under age 5915 (unless an exception apples) How much may roll over? if you wish 19 69a rover, you may rl ver aor part ofthe amount eligible for rllover. Ary payment from the Panis elighle for rollover, except “+ Certain payments spread over 3 prio of st last 10 years or ver your life or fe expectancy (r the les or jin life expectancy of you and your beneiciany) Required mrimam distoutons ater age 70% (or after death) ‘+ Haraship dstrbutions 2 SSOP dhigence + Corrective disributions of contributions that exceed tax aw limitations + Loans treated as deemee distributions or exampe, loans in de'ault due to missed payments before your employment ends) rage2ot8 ope 6208 Ass LUC A PS eee #10482NR.50 (972018) + Costof life insurance paid bythe Plan {Payments of certain automatic enrallmentcontbutions requested to be withdrawn within 90 das of the fist contribution ‘+ Amounts treated as distributed because ofa prohibited allocation of S corporation stack under an €SO? (ao, there wil generally be adverse tax consequences if you roll vera dstbution of 5 corporation stock to an ‘The Plan administrator othe payor can tll you what portion of a payments eligible for rollover. If don't do a rollover, will have to pay the 10% additional income tax on early distributions? if you ae under age 55%, you wal have 1 pay the 10% addtional income tax an ealy dstributlons for any payment from the Plan (including amounts withheld {or income “ax thst you do not roll ove, uress one of the exceptions Isted below apples. Th tax apples to the pat ofthe distrioution thas you must incude in income and isin addon to the regular income ax on te payment not roiled vee ‘The 10% adkitional income tax does not apply to the following payments from the Pan: Payments made after you separate from sence you willbe atleast age 55 in the year ofthe separation 1 payments that start after you separate om service pale atleast annual in equal or close to equal amouns over you ile or fe expectancy (or the lives lor oit life exoectanc of you and your beneficiary) “+ Payments from a governmental plan mace afer you separate from service f you area qualfied public safety employee and you willbe at least age 50 in the year of se separation Payments made due to daily Payments after your death Payments of FSOP cividends Corrective dsvibusons of contributions that exceed tax law limitations Costof life nsurarce eae by the lan Payments made direct to the government to satya federal tax levy Payments made uncer a qualfies domestc relations ore” (D0) Payments up tothe amour of your deductbie mesical expenses (without regara to whether you itemize deductions for the taxable yea") Certain payments mage while you are on active Buy you were a member of a reserve component caled to duly ale September 11, 2001 for more than 17 cays ‘+ Payments of certain automatic enrollment contributions requested to be withdrawn within 90 days of the fist contribution + Payments fr eenain distrbutions eating to certan federal decared disasters ‘+ Phased eternent payments made to federal employees If do a rollover to an IRA, will the 10% additional income tax apply to early distributions from the IRA? if you receve a payment from an IRA when you ate underage 897, you ol have f9 pay the 10% acsitional nae tax on early distrboutions on the part of the istrbuton that you must include in income, unless an exception sapies. In general the exceptions tothe 103% acdtional income tax for eatyastibution rom {an RA ate the same as the exceptions Isted above for ear dstbutions fom a plan. However, there ae afew dferences for payments from an IRA, including ‘+The exception for payments made after you separate from service if you wil be at leat age SS in the year ef separation (or age S0 fr qualified public safety employees) doesnot spol + Te exception for quaifed domestic relations orders (QDROs) does not apply (although a special rule apples under which, as part of dvorce or separation agreement, a tax tree transfer may be made Brecly to a IRA ofa Spouse of forme spouse) ‘+The exception for payments made at leat annually n equal or cles to equal amounts over 2 spected period applies without regard to whether you have had & separation rom sence. + There are adcitional exceptions for (1} payments for qualified righ education expenses, (2) payments up to $10,000 used in 2 qualified fistxime home purchase, an (3) payments for health insurance premiums after you have received unemployment compensation Tor 12 consecutive weeks (or would have been eigle to rece unemployment compensation out fo sel employed stat.) Will | owe State income taxes? This notice does not describe any State or local income tax rues (incucing withholding rules). SPECIAL RULES AND OPTIONS If your payment includes after tax contributions ‘Alle-tax contributions included in a payment are not taxed. a payment is ony pat of your bene, an allocable portion of your after-tax contribution is included inthe payment, s0 you cannot rake a payment of ori after-tax cantnoutions. Howeve,f you have pre-1987 aftertax contributions maintained in a separate account special Ue may apply to determine whether the after-tax contributions are included 2 payment, In ado, special rues apply when you co a rollover a descbed below ‘You may roll ove to an IRA 2 payment that includes aftertax contributions through either a direct rollover or 3 60-¢3y rollover. You must keep track ofthe aggregate amount of the after-tax contoutons inal of your IRAs (n order to determ ne your taxable income for later payments from the IRAs). you doa cre. ‘lover of only a partion of the amount gai fem the Plan and atthe same time the rests pa to you, te portion deci Yo ed aver consts fst ofthe amount that would be taxable f not rolled over. For example, assume you arevecetyng a dstrbution of $12,000 of which $2,000 i after-tax contabutors. In this case f you Girectly rol over $10,000 to an IRA that not 2 Roth IRA, no arrount i taxable because the $2,000 amount not cirectly rolled ove is rated as being aftersax ontibusons If you do a direct rollover of the eni~e amount pad ftom the Plan to two or mare destinations atthe same te, you can chaose whien destination receives the after tax conte butions, if you do a 60-day rolover to an IRA of ony a portion of a payment made to you, the afte-tax contributions are treated as rolled over last. For example, assume you are receiving a distribution of $12,000, of iwhich $7,000 is after-tax contbution, and no pant ofthe distioution i directly rolled over i this case, # you roll ‘ver $10,000 fo an IRA that nota Roth iin 2 60-day rollover, no amounts table because the $2,000 ammount not rolled over is treated as being after-tax contabutors ‘You may rol ove to an employer pan all of a payment that includes after-tax contributions, but ony through 2 direct rollover (and only if the ecevng plan separately accounts for after-tax cor butions and snot a governmental section #57{b) pa). You can do a 60

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