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

NEW section