Investment Provisions. All contributions shall be invested and reinvested by the Custodian as directed by the Participant (or the direction of the beneficiary upon the Depositor's death)(1) in a class or classes of savings accounts with the Custodian, which the Custodian shall designate as the class or classes of savings accounts to be offered for investment of SIMPLE IRA funds, (2) if the Custodian consents in a class or classes of savings accounts in another insured institution, or (3) other investments agreed to from time to time by the Custodian, including but not limited to US Series EE Savings Bonds. Pursuant to IRS Notice 98-4, Q&A J-4, if the Custodian is the Designated Financial Institution (DFI) and the Participant timely elects that his or her balance be transferred without cost or penalty to another SIMPLE IRA in accordance with the provisions described in the accompanying SIMPLE IRA Disclosure Statement, the Custodian reserves the right to restrict the participant's choice of investment alternatives as determined by the Custodian.
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Samples: Simple Ira Custodial Agreement, Traditional Individual Retirement Custodial Agreement, Simple Ira Custodial Agreement
