MMC Benefits Handbook
Rollovers Out of the Plan
In general, you can roll over all or a portion of your withdrawal or distribution except for:
  • required minimum distributions (RMDs).
    • Note: Required distributions of Roth account balances for 2024 and later years (not including 2023 required minimum distributions required to be paid by April 1, 2024) are not considered RMDs under IRS rules; therefore, these amounts may be rolled over by the participant.
  • installments paid over 10 years or more.
  • Financial Hardship Withdrawals.
  • Qualified Birth or Adoption Withdrawals.
  • corrective distributions of amounts in excess of legal limits.