Yes, with the code being G this was a direct rollover. The check was made payable to the new IRA (or at least to the new IRA custodian for your benefit) so was not a distribution paid to you. Because there was no distribution paid to you, there was no deadline to deposit it into the IRA as a rollover as required. It's common for the plan to send the check to the individual for delivery to the new financial institution where the individual serves only as the means of delivery to the financial institution.
