NOTIFICATION OF EXCESS SEP CONTRIBUTIONS. The Employer shall notify each affected Participant, within 2 1/2 months following the end of the Plan Year to which the excess SEP contributions relate, of any excess SEP contributions to the Participant's SEP-IRA xxx the applicable year. Such notification shall specify the amount of the excess SEP contributions and the calendar year in which the contributions are includible in income and must provide an explanation of applicable penalties if the excess contributions are not withdrawn in a timely fashion. 6.5
Appears in 5 contracts
Samples: Savings Agreement (Aim International Funds Inc), Savings Agreement (Aim Investment Securities Funds Inc), Savings Agreement (Aim Equity Funds Inc)
NOTIFICATION OF EXCESS SEP CONTRIBUTIONS. The Employer shall notify each affected Participant, within 2 1/2 months following the end of the Plan Year to which the excess SEP contributions relate, of any excess SEP contributions to the Participant's SEP-IRA xxx for the applicable year. Such notification shall specify the amount amxxxt of the excess SEP contributions and the calendar year in which the contributions are includible in income and must provide an explanation of applicable penalties if the excess contributions are not withdrawn in a timely fashion. 6.5
Appears in 1 contract
