Common Contracts
1 similar Simple Individual Retirement Custodial Account contracts
SIMPLE INDIVIDUAL RETIREMENT CUSTODIAL ACCOUNTSimple Individual Retirement Custodial Account • September 28th, 2021
The custodian will accept cash contributions made on behalf of the participant by the participant’s employer under the terms of a SIMPLE IRA plan described in section 408(p). In addition, the custodian will accept transfers or rollovers from other SIMPLE IRAs of the participant and, after the 2-year period of participation defined in section 72(t)(6), transfers or rollovers from any eligible retirement plan (as defined in section 402(c)(8)(B)) other than a Roth IRA or a designated Roth account. No other contributions will be accepted by the custodian.
