SEP and SIMPLE IRA Contributions Sample Clauses

SEP and SIMPLE IRA Contributions. Your employer may make simplified employee pension (SEP) plan contributions to this IRA in addition to your own regular IRA contributions. Your employer is responsible for verifying the SEP plan's eligibility requirements and determining the SEP contribution amount. This IRA cannot accept Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) IRA contributions from your employer. Contribution Tax Year Regular Contribution Limit Catch-Up Contribution Limit Total Contribution Limit
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SEP and SIMPLE IRA Contributions. Your employer may make simplified employee pension (SEP) plan contributions to this IRA in addition to your own regular IRA contributions. Your employer is responsible for verifying the SEP plan's eligibility requirements and determining the SEP contribution amount. This IRA cannot accept Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) IRA contributions from your employer. Contribution Tax Year Regular Contribution Limit Catch-Up Contribution Limit Total Contribution Limit 5. Maximum Contribution Limits. Your regular (including catch-up) IRA contributions are limited to the lesser of 100 percent of your and your spouse's compensation if filing jointly or the dollar amounts set forth on the following chart:
Sample 1
SEP and SIMPLE IRA Contributions. Your employer may not make simplified employee pension (SEP) plan or Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) IRA plan contributions to this Xxxx XXX. Nonrefundable Tax Credit. You may be eligible to take a tax credit for your regular Xxxx XXX contributions. The credit is equal to a percentage of your qualified contributions up to $2,000. The credit cannot exceed Modified AGI (MAGI)* Single Married, Filing Jointly Married, Filing Separately**
Sample 1
SEP and SIMPLE IRA Contributions. Your employer may not make simplified employee pension (SEP) plan or Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) IRA plan contributions to this Xxxx XXX. Nonrefundable Tax Credit. You may be eligible to take a tax credit for your regular Xxxx XXX contributions. The credit is equal to a percentage of your qualified contributions up to $2,000. The credit cannot exceed Moving Assets To and From Xxxx IRAs. There are a variety of transactions that allow you to move your retirement assets to and from your Xxxx IRAs in cash or in kind based on our policies. We have sole discretion on whether we will accept, and how we will process, movements of assets to and from Xxxx IRAs. We or any other financial organizations involved in the transaction may require documentation for such activities. Modified AGI (MAGI)* Single Married, Filing Jointly Married, Filing Separately**
Sample 1

Related to SEP and SIMPLE IRA Contributions

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement. 8.2 Contributions shall be recorded on a remittance form and remitted to the designated recipient of such contributions on or before the fifteenth (15) day of the month following the month for which contributions are to be made. In the event that any Employer is delinquent in his contributions to the above funds for more than thirty (30) days, the Employer and the Association shall be notified of such delinquency. If after five (5) days from such notice such delinquency has not been paid, the Employer shall pay to the applicable funds, as liquidated damages and not as a penalty, an amount equal to ten percent (10%) of the arrears for the month, or part thereof, in which the Employer is in default. Thereafter, interest shall accumulate at the rate of two percent (2%) per month (24% per year compounded monthly) on any unpaid arrears, including liquidated damages. 8.3 The amounts to be designated as wages and/or Employer contributions to the above funds may be varied from time to time by agreement between the Association and the Union. 8.4 The Board of Trustees of the respective Trust Funds shall have authority to promulgate such agreements, plans and/or rules as may be necessary or desirable for the efficient and successful operation and administration of the said Trust Funds, including provisions for audit security, surety and/or liquidated damages to the extent that such may be necessary for the protection of the beneficiaries of such Trust Funds. 8.5 Any and all agreements, plans or rules established by the Boards of Trustees of the respective Trust Funds shall be appended hereto and shall be deemed to be part of and expressly incorporated herein and the Employer and the Union shall be bound by the terms and provisions thereof. 8.6 All employer contributions due and payable to the above funds, except industry promotion funds, shall be deemed and are considered to be Trust Funds. It is expressly understood that training funds and industry promotion funds are not wages or benefits due to an employee and industry promotion funds are dues for services rendered by the Association. 8.7 The Business Representative of the Local Union may inspect, during regular business hours, the Company's record of time worked by employees and contributions to the plan. 8.8 The Employer shall be responsible for the payment of any government sales taxes applicable to any trust fund contributions payable by the Employer.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Annual Contributions □ Check enclosed in the amount of $ representing current contribution for tax year 20 .