Annuity contracts
Annuity contracts(i) Purchase of annuity contract permitted. A plan may satisfy section 401(a)(9) by the purchase of an annuity contract from an insurance company in accordance with 1.401(a)(9)-6(d) with the employee's entire individual account, provided that the terms of the annuity satisfy 1.401(a)(9)-6. However, a distribution of an annuity contract is not a distribution for purposes of this section.
(i)Purchase of annuity contract permitted.A plan may satisfy section 401(a)(9) by the purchase of an annuity contract from an insurance company in accordance with 1.401(a)(9)-6(d)with the employee's entire individual account, provided that the terms of the annuity satisfy 1.401(a)(9)-6. However, a distribution of an annuity contract is not a distribution for purposes of this section.