Common use of Custodial Fees Clause in Contracts

Custodial Fees. If not accompanied by this Disclosure Statement and Individual Retirement Custodial Account Plan, a schedule of fees is available from the Custodian or from the financial organization that has introduced your account to the Custodian. The Custodian’s annual maintenance, termination, and other administration fees shall be charged by the Custodian for the Custodian’s services hereunder in accordance with the current fee schedule of the Custodian that is in effect from time to time. At the discretion of the Custodian, you may receive an invoice for the custodial maintenance and other related fees that are due and payable upon receipt. Unless paid by you in a timely manner, fees will be automatically charged against the Account, or as you direct in writing, charged against another account held by the Custodian over which you have investment authority. You may not reimburse your IRA for custodial fees once they have been charged to your IRA. Any such reimbursement of custodial or other administrative fees charged to your account will be deemed a contribution to your IRA and reported to the IRS accordingly. The Custodian will notify you prior to changing the fee schedule. In the event of account termination either by you or by the Custodian for any reason, the Custodian shall be entitled to receive the full termination fee, along with the full, nonprorated current year maintenance fee, regardless of the date during the year of the termination of the Custodial Account.

Appears in 2 contracts

Samples: Traditional Individual Retirement Account (Ira) Adoption Agreement, Traditional Individual Retirement Account (Ira) Adoption Agreement

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Custodial Fees. If not accompanied by this Disclosure Statement and SIMPLE Individual Retirement Custodial Account Plan, a schedule of fees is available from the Custodian or from the financial organization that has introduced your account Account to the Custodian. The Custodian’s annual maintenance, termination, and other administration fees shall be charged by the Custodian for the Custodian’s its services hereunder in accordance with the current fee schedule of the Custodian that is in effect from time to time. At the discretion of the Custodian, you may receive an invoice for the custodial maintenance and other related fees that are due and payable upon receipt. Unless paid by you in a timely manner, fees will be automatically charged against the Account, or as you direct in writing, charged against another account held by the Custodian over which you have investment authority. You may not reimburse your IRA SIMPLE XXX for the custodial fees once they have been charged to your IRASIMPLE XXX. Any such reimbursement of custodial or other administrative fees charged to your account will be deemed a contribution to your IRA XXX and reported to the IRS accordingly. The Custodian will notify you prior to changing the fee schedule. In the event of account Account termination either by you or by the Custodian for any reason, the Custodian shall be entitled to receive the full termination fee, along with the full, nonprorated current year maintenance fee, regardless of the date during the year of the termination of the Custodial Account.

Appears in 1 contract

Samples: Simple Ira Adoption Agreement

Custodial Fees. If not accompanied by this Disclosure Statement and SIMPLE Individual Retirement Custodial Account Plan, a schedule of fees is available from the Custodian or from the financial organization that has introduced your account Account to the Custodian. The Custodian’s annual maintenance, termination, and other administration fees shall be charged by the Custodian for the Custodian’s its services hereunder in accordance with the current fee schedule of the Custodian that is in effect efect from time to time. At the discretion of the Custodian, you may receive an invoice for the custodial maintenance and other related fees that are due and payable upon receipt. Unless paid by you in a timely manner, fees will be automatically charged against the Account, or as you direct in writing, charged against another account held by the Custodian over which you have investment authority. You may not reimburse your SIMPLE IRA for the custodial fees once they have been charged to your SIMPLE IRA. Any such reimbursement of custodial or other administrative fees charged to your account will be deemed a contribution to your IRA and reported to the IRS accordingly. The Custodian will notify you prior to changing the fee schedule. In the event of account Account termination either by you or by the Custodian for any reason, the Custodian shall be entitled to receive the full termination fee, along with the full, nonprorated current year maintenance fee, regardless of the date during the year of the termination of the Custodial Account.

Appears in 1 contract

Samples: Simple Ira Adoption Agreement

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Custodial Fees. If not accompanied by this Disclosure Statement and SIMPLE Individual Retirement Custodial Account Plan, a schedule of fees is available from the Custodian or from the financial organization that has introduced your account Account to the Custodian. The Custodian’s annual maintenance, termination, and other administration fees shall be charged by the Custodian for the Custodian’s its services hereunder in accordance with the current fee schedule of the Custodian that is in effect etfect from time to time. At the discretion of the Custodian, you may receive an invoice for the custodial maintenance and other related fees that are due and payable upon receipt. Unless paid by you in a timely manner, fees will be automatically charged against the Account, or as you direct in writing, charged against another account held by the Custodian over which you have investment authority. You may not reimburse your SIMPLE IRA for the custodial fees once they have been charged to your SIMPLE IRA. Any such reimbursement of custodial or other administrative fees charged to your account will be deemed a contribution to your IRA and reported to the IRS accordingly. The Custodian will notify you prior to changing the fee schedule. In the event of account Account termination either by you or by the Custodian for any reason, the Custodian shall be entitled to receive the full termination fee, along with the full, nonprorated current year maintenance fee, regardless of the date during the year of the termination of the Custodial Account.

Appears in 1 contract

Samples: Simple Ira Adoption Agreement

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