Indiana § 30-5-5-4.5 Retirement plans

Indiana Statutes

§ 30-5-5-4.5 — Retirement plans

Indiana § 30-5-5-4.5

Art. 5POWERS OF ATTORNEY

Ch. 5Powers

This text of Indiana § 30-5-5-4.5 (Retirement plans) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 30-5-5-4.5 (2026).

Text

5.

(a)Language conferring general authority with respect to retirement plans means the principal authorizes the attorney in fact to:

(1)make contributions, including rollover contributions, or cause contributions to be made on behalf of the principal to any retirement plan, including any:

(A)pension;

(B)profit sharing or stock bonus plan;

(C)individual retirement arrangement;

(D)individual retirement account described in Section 408(A) of the Internal Revenue Code;

(E)deferred compensation plan;

(F)qualified plan under Section 403(b) of the Internal Revenue Code; or

(G)other qualified or nonqualified retirement plan, arrangement, or annuity in which the principal is a participant or a beneficiary;

(2)establish at least one (1) individual retirement account or other retirement pla

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5. (a) Language conferring general authority
with respect to retirement plans means the principal authorizes the
attorney in fact to:
(1) make contributions, including rollover contributions, or cause
contributions to be made on behalf of the principal to any
retirement plan, including any:
(A) pension;
(B) profit sharing or stock bonus plan;
(C) individual retirement arrangement;
(D) individual retirement account described in Section 408(A)
of the Internal Revenue Code;
(E) deferred compensation plan;
(F) qualified plan under Section 403(b) of the Internal Revenue
Code; or
(G) other qualified or nonqualified retirement plan,
arrangement, or annuity in which the principal is a participant
or a beneficiary;
(2) establish at least one (1) individual retirement account or other
retirement plan in the principal's name;
(3) elect a form of payment of benefits from a retirement plan and
withdraw benefits from a retirement plan;
(4) exercise investment powers available under a retirement plan;
(5) designate at least one (1) beneficiary or contingent beneficiary
for any benefits payable under a retirement plan on account of the
principal's death and change any earlier designation of
beneficiary;
(6) borrow from, sell assets to, and purchase assets from the
retirement plan if authorized by the retirement plan; and
(7) waive the right of the principal to be a beneficiary of a joint or
survivor annuity.
(b) The powers described in this section are equally exercisable with
respect to a retirement plan established or operated in Indiana or
another jurisdiction and:
(1) owned by the principal;
(2) in which the principal was a participant; or
(3) of which the principal was a beneficiary;
when the powers are given or after the powers are given.
(c) A power of attorney executed before July 1, 2005, that confers
general authority with respect to all other matters under section 19 of
this chapter, includes general authority with respect to retirement plans
as described in this section.