Series 6 - Investment Company And Variable Contracts Products Representative Exam

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If a participant in an employer-sponsored retirement plan leaves his place of employment but does not want to take a distribution of the assets, he may move his plan assets into a:

Rollover IRA
Conduit IRA
Transfer IRA
Roth IRA


If an employer-sponsored plan participant separates from service, he may move plan assets to a conduit IRA. As long as 100% of the assets remain in the IRA, there will be no taxes or penalties imposed.