LIABILITY FOR WITHHOLDING. ON DISTRIBUTIONS The Plan Administrator shall be responsible for withholding federal income taxes from distributions from the Plan, unless the Participant (or Beneficiary, where applicable) elects not to have such taxes withheld. The Trustee (or Custodian) or other payor may act as agent for the Plan Administrator to withhold such taxes and to make the appropriate distribution reports, if the Plan Administrator furnishes all the information to the Trustee (or Custodian) or other payor it may need to do withholding and reporting.
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Samples: Basic Plan Document (Nabi /De/), 401(k) Savings Plan (Alaska Pacific Bancshares Inc), Basic Plan Document (Peabody Energy Corp)
LIABILITY FOR WITHHOLDING. ON DISTRIBUTIONS The Plan Administrator shall be responsible for withholding federal income taxes from distributions from the Plan, unless the Participant (or Beneficiary, where applicable) elects not to have such taxes withheld. The However, the Trustee (or Custodian) or other payor may shall act as agent for the Plan Administrator to withhold such taxes and to make the appropriate distribution reports, if subject to the Plan Administrator furnishes Administrator's obligation to furnish all the necessary information to so withhold to the Trustee (or Custodian) or other payor it may need to do withholding and reporting).
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Samples: Qualified Retirement Plan and Trust (Bradford Funds Inc)
LIABILITY FOR WITHHOLDING. ON DISTRIBUTIONS The Plan Administrator shall be responsible for withholding federal income taxes from distributions from the Plan, unless the Participant (or Beneficiary, where applicable) elects not to have such taxes withheld. The Trustee (or Custodian) or other payor may act as agent for the Plan Administrator to withhold such taxes and to make the appropriate distribution reports, if the Plan Administrator furnishes all the information to the Trustee (or Custodian) or other payor it may need to do withholding and reporting.
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Samples: Defined Contribution Plan Document (Janus Investment Fund)
LIABILITY FOR WITHHOLDING. ON DISTRIBUTIONS The Plan Administrator shall be responsible for withholding federal income taxes from distributions from the Plan, unless the Participant (or Beneficiary, where applicable) elects not to have such taxes withheld. The Trustee (or Custodian) or other payor pavor may act as agent for the Plan Administrator to withhold such taxes and to make the appropriate distribution reports, if the , Plan Administrator furnishes all the information to the Trustee (or Custodian) or other payor it may need to do withholding and reporting.
Appears in 1 contract
Samples: Qualified Retirement Plan and Trust (Bradford Funds Inc)