IRS Releases Rules on Direct Rollovers from DC Plan to DB Plan of Same Employer

The IRS released Revenue Ruling 2012-4, describing whether a qualified defined benefit pension plan that accepts a direct rollover of an eligible rollover distribution from a qualified defined contribution plan maintained by the same employer satisfies Sections 411 and 415 of the Internal revenue Code in a case in which the defined benefit plan provides an annuity resulting from the direct rollover.