Michigan Compiled Laws, Chapter 556. Powers of Appointment § 556.315

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

(b) Make a rollover or a trustee-to-trustee transfer of benefits from 1 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 as permitted by the plan.

(a) An individual retirement account under section 408 of the internal revenue code of 1986, 26 USC 408.

(b) A Roth individual retirement account under section 408A of the internal revenue code of 1986, 26 USC 408A.

(c) A deemed individual retirement account under section 408(q) of the internal revenue code of 1986, 26 USC 408.

(d) An annuity or mutual fund custodial account under section 403(b) of the internal revenue code of 1986, 26 USC 403.

(e) A pension, profit-sharing, stock bonus, or other retirement plan qualified under section 401(a) of the internal revenue code of 1986, 26 USC 401.

(f) A plan under section 457(b) of the internal revenue code of 1986, 26 USC 457.

(g) A nonqualified deferred compensation plan under section 409A of the internal revenue code of 1986, 26 USC 409A.