Prohibition Against Investing In Life Insurance. No part of the Deemed IRA assets (whether or not the Deemed IRA Account is separate from the Employer’s Qualified Plan) used to hold Deemed IRA contributions will be invested in life insurance contacts.
Appears in 6 contracts
Samples: Prototype Defined Contribution Plan (Wellesley Bancorp, Inc.), Prototype Defined Contribution Plan (Savannah Bancorp Inc), Prototype Defined Contribution Plan (Fraternity Community Bancorp Inc)
Prohibition Against Investing In Life Insurance. No part of the Deemed IRA Trust assets (whether or not the Deemed IRA Account Trust is separate from the Employer’s Qualified Plan) used to hold Deemed IRA contributions will be invested in life insurance contacts.
Appears in 1 contract
Samples: Prototype Defined Contribution Plan (1st Constitution Bancorp)
