Section 633B.215. Retirement plans.

  1.  In this section, “retirement plan” means a plan or account created by an employer, the principal, or another individual to provide retirement benefits or deferred compensation in which the principal is a participant, beneficiary, or owner, including but not limited to a plan or account under the following sections of the Internal Revenue Code:

  a.  An individual retirement account in accordance with section 408.

  b.  A Roth individual retirement account established under section 408A.

  c.  A deemed individual retirement account under section 408(q).

  d.  An annuity or mutual fund custodial account under section 403(b).

  e.  A pension, profit-sharing, stock bonus, or other retirement plan qualified under section 401(a).

  f.  An eligible deferred compensation plan under section 457(b).

  g.  A nonqualified deferred compensation plan under section 409A.

  2.  Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to retirement plans authorizes the agent to do all of the following:

  a.  Select the form and timing of payments under a retirement plan and withdraw benefits from a plan.

  b.  Make a rollover, including a direct trustee-to-trustee rollover of benefits from one retirement plan to another.

  c.  Establish a retirement plan in the principal’s name.

  d.  Make contributions to a retirement plan.

  e.  Exercise investment powers available under a retirement plan.

  f.  Borrow from, sell assets to, or purchase assets from a retirement plan.

2014 Acts, ch 1078, §40