XXXX INDIVIDUAL RETIREMENT CUSTODIAL ACCOUNT AGREEMENT. Form 5305-RA under section 408A of the Internal Revenue Code. FORM (Rev. April 2017) The depositor named on the application is establishing a Xxxx individual retirement account (Xxxx XXX) under section 408A to provide for his or her retirement and for the support of his or her beneficiaries after death. The custodian named on the application has given the depositor the disclosure statement required by Regulations section 1.408-6. The depositor has assigned the custodial account the sum indicated on the application. The depositor and the custodian make the following agreement:
XXXX INDIVIDUAL RETIREMENT CUSTODIAL ACCOUNT AGREEMENT. GENERAL INSTRUCTIONS PURPOSE OF FORM Do not file Form 5305-RA with the IRS. Instead, keep it with your records.
XXXX INDIVIDUAL RETIREMENT CUSTODIAL ACCOUNT AGREEMENT ciaries unless and until Stifel has been instructed by the deceased account owner’s court-appointed personal representative (e.g., executor, administrator) regarding the persons entitled to receive per stirpes distribution and their respective shares. The account owner agrees, on behalf of himself or herself personally and the ac- count owner’s Estate, heirs, executors, administrators, successors, and assigns, to release, indemnify, defend, and hold harmless Stifel, and its parent, subsidiaries, and affiliates and their respective past and present officers, directors, shareholders, employees, agents, affiliates, successors, and assigns, against and from any and all claims or liabilities, taxes, damages, or expenses (including without limitation judgments, amounts paid in settlement, and/or attorney’s fees), of any kind or of any nature whatsoever, that may arise from, or relate to, Xxxxxx’x reliance on information provided by the account owner’s said personal representative.
XXXX INDIVIDUAL RETIREMENT CUSTODIAL ACCOUNT AGREEMENT your directions to us or your actions or failures to act, and you agree to reimburse us for any loss we may incur as a result of such directions, actions, or failures to act. We will not be responsible for any penalties, taxes, judgments, or expenses you incur in connection with your Xxxx XXX. We have no duty to determine whether your contributions or distributions comply with the Code, regulations, rulings, or this agreement. We may permit you to appoint, through written notice accept- able to us, an authorized agent to act on your behalf with respect to this agreement (e.g., attorney-in-fact, executor, administrator, investment manager), but we have no duty to determine the validity of such appointment or any instrument appointing such authorized agent. We will not be responsible for losses of any kind that may result from directions, actions, or failures to act by your authorized agent, and you agree to reimburse us for any loss we may incur as a result of such directions, actions, or failures to act by your authorized agent. You will have 60 days after you receive any documents, statements, or other information from us to notify us in writing of any errors or inaccuracies reflected in these documents, statements, or other information. If you do not notify us within 60 days, the documents, statements, or other information will be deemed correct and accurate, and we will have no further liability or obligation for such documents, statements, other information, or the transactions described therein. By performing services under this agreement, we are acting as your agent. You acknowledge and agree that nothing in this agreement will be construed as conferring fiduciary status upon us. We will not be required to perform any additional services unless specifically agreed to under the terms and conditions of this agreement, or as required under the Code and the regulations promulgated thereunder with respect to Xxxx IRAs. You agree to indemnify and hold us harmless for any and all claims, actions, proceedings, damages, judg- ments, liabilities, costs, and expenses, including attorney’s fees arising from or in connection with this agreement. To the extent written instructions or notices are required under this agreement, we may accept or provide such information in any other form permitted by the Code or applicable regulations including, but not limited to, electronic communication.
XXXX INDIVIDUAL RETIREMENT CUSTODIAL ACCOUNT AGREEMENT. 3. If the depositor’s surviving spouse is the designated beneficiary, such spouse will then be treated as the depositor.
1. The depositor agrees to provide the custodian with all informa- tion necessary to prepare any reports required by Sections 408(i) and 408A(d)(3)(E), Regulations Sections 1.408-5 and 1.408-6, or other guidance published by the Internal Revenue Service (IRS).
2. The custodian agrees to submit to the IRS and depositor the reports prescribed by the IRS.
ARTICLE VII Notwithstanding any other articles which may be added or incorpo- rated, the provisions of Articles I through IV and this sentence will be controlling. Any additional articles inconsistent with Section 408A, the related regulations, and other published guidance will be invalid.
ARTICLE VIII This agreement will be amended as necessary to comply with the provisions of the Code, the related Regulations, and other published guidance. Other amendments may be made with the consent of the persons whose signatures appear on the application.
XXXX INDIVIDUAL RETIREMENT CUSTODIAL ACCOUNT AGREEMENT contribute for that tax year and carry the excess contribution amount forward to that year on your tax return. The six percent excess contribution penalty tax will be imposed on the excess amount for each year that it remains as an excess contribution at the end of the year. You must file IRS Form 5329 along with your income tax return to report and remit any additional taxes to the IRS.
XXXX INDIVIDUAL RETIREMENT CUSTODIAL ACCOUNT AGREEMENT beneficiaries generally are required to take distributions from your Xxxx XXX after your death. See the section titled Beneficia- ry Payouts in this disclosure statement regarding beneficiaries’ required minimum distributions.
XXXX INDIVIDUAL RETIREMENT CUSTODIAL ACCOUNT AGREEMENT. Xxxx XXX. The rollover contribution amount is limited to the sum of the death benefits or SGLI payment received, less any such amount that was rolled over to a Xxxxxxxxx education savings account. Proceeds must be rolled over within one year of receipt of the gratuity or SGLI payment for deaths occurring on or after June 17, 2008. Any amount that is rolled over under this provision is considered nontaxable basis in your Xxxx XXX.
XXXX INDIVIDUAL RETIREMENT CUSTODIAL ACCOUNT AGREEMENT. OTHER
A. IRS Plan Approval – The agreement used to establish this Xxxx XXX has been approved by the IRS. The IRS approval is a determination only as to form. It is not an endorsement of the plan in operation or of the investments offered.
XXXX INDIVIDUAL RETIREMENT CUSTODIAL ACCOUNT AGREEMENT. EARNINGS
