Direct Rollover
A distribution of eligible rollover assets from a qualified plan, 403(b) plan, or a governmental 457 plan to a Traditional IRA, qualified plan, 403(b) plan, or a governmental 457 plan; or a distribution from an IRA to a qualified plan, 403(b) plan or a governmental 457 plan. Investopedia Says:
Direct rollover assets are made payable to the qualified plan or IRA Custodian/Trustee, never to the individual.
A direct rollover is reportable but not taxable. Related Terms:
401(K)
403(B) Plan
457 Plan
Defined Benefit Plan
Defined Contribution Plan
Individual Retirement Account - IRA
IRA Rollover
Rollover
SIMPLE IRA
Simplified Employee Pension - SEP |