Comcast 2014 Annual Report Download - page 281

(b) Non-Spouse beneficiary rollover right.
(1) For distributions after December 31, 2009, a non-Spouse beneficiary who is a “designated beneficiary”
under section
401(a)(9)(E) of the Code and the regulations thereunder, by a direct rollover, may rollover all or any portion of his or her distribution to an
individual retirement account which the beneficiary establishes for purposes of receiving the distribution. In order to be able to rollover the
distribution, the distribution otherwise must satisfy the requirements for an eligible rollover distribution as described in the Plan.
(2) If the Participant’s named beneficiary is a trust, the Plan may make a direct rollover to an individual retirement
account on behalf of the trust, provided the trust satisfies the requirements to be a designated beneficiary within the meaning of section § 401(a)
(9)(E) of the Code.
(3) A non-Spouse beneficiary may not rollover an amount which is a required minimum distribution, as determined
under applicable Treasury regulations and other Revenue Service guidance. If the Participant dies before his or her required beginning date and
the non-
Spouse beneficiary rolls over to an individual retirement account the maximum amount eligible for rollover, the beneficiary may elect to
use either the 5-year rule or the life expectancy rule, pursuant to Treas. Reg. §1.401(a)(9)-3, A-4(c), in determining the required minimum
distributions from the individual retirement account that receives the non-Spouse beneficiary’s distribution.
5.13.2. The Participant or beneficiary must specify the name of the plan or account to which the Participant or beneficiary wishes to
have the amount transferred, on a form and in a manner prescribed by the Committee.
5.13.3. Section 5.13.1 shall not apply to the following distributions:
(a) except as provided in Section 5.13.3(f), any distribution of After-Tax Contributions;
(b) any distribution which is made pursuant to the Participant’s election of installments over either (1) a period of 10 years or
more, or (2) a period equal to the life or life expectancy of the Participant or the joint lives or life expectancy of the Participant and his
beneficiary;
(c) that portion of any distribution after the Participant’s Required Beginning Date that is required to be distributed to the
Participant by the minimum distribution rules of section 401(a)(9) of the Code;
(d) any amount that is distributed on account of hardship; or
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