633B.215 Retirement plans. 1. In this section, 'retirement plan' means a plan or account created by an employer, the principal, or another individual to provide retirement benefits or deferred compensation inwhich the principal is a participant, beneficiary, or owner, including but not limited to a planor account under the following sections of the Internal Revenue Code: a. An individual retirement account in accordance with section 408.b. A Roth individual retirement account established under section 408A.c. A deemed individual retirement account under section 408(q).d. An annuity or mutual fund custodial account under section 403(b).e. A pension, profit-sharing, stock bonus, or other retirement plan qualified under section 401(a). f. An eligible deferred compensation plan under section 457(b). g. A nonqualified deferred compensation plan under section 409A.2. Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to retirement plans authorizes the agent to do all ofthe following: a. Select the form and timing of payments under a retirement plan and withdraw benefits from a plan. b. eral authority with respect to retirement plans authorizes the agent to do all ofthe following: a. Select the form and timing of payments under a retirement plan and withdraw benefits from a plan. b. Make a rollover, including a direct trustee-to-trustee rollover of benefits from one retirement plan to another. c. Establish a retirement plan in the principal’s name.d. Make contributions to a retirement plan.e. Exercise investment powers available under a retirement plan.f. Borrow from, sell assets to, or purchase assets from a retirement plan. 2014 Acts, ch 1078, §40Referred to in §633B.201, 633B.202, 633B.203 Sat Dec 23 12:14:53 2023 Iowa Code 2024, Section 633B.215 (11, 0)
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