IRA Custodian definition

IRA Custodian means The Bank of New York Mellon Investment Servicing Trust Company, an affiliate of the Program Administrator.
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IRA Custodian means Ascensus Trust Company, an affiliate of the Program Administrator.
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IRA Custodian means the Contractor or an affiliate subcontracted hereunder that satisfies criteria established by the Internal Revenue Service (“IRS”) to act as trustee or custodian of each IRA established under the Program, and performs the duties required under IRA Requirements including without limitation processing Account Owner instructions as directed, issuing Account statements, fulfilling the IRS reporting requirements, and other responsibilities.
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Examples of IRA Custodian in a sentence

  • Rollovers to an Inherited IRA must be sent directly from the plan administrator to the Inherited IRA Custodian.

  • However, this deadline does not apply if your child is disabled or chronically at the time of your death and required documentation is provided to the IRA Custodian by the applicable deadline.

  • If you make a contribution between January 1 and April 15, tell the IRA Custodian which tax year the contribution is for.

  • A qualified charitable distribution must be distributed directly from the IRA Custodian to a qualified charitable organization as defined by the Code.

  • To complete a direct rollover from an employer plan to your Traditional IRA, you must generally instruct the plan administrator to send the distribution to your Traditional IRA Custodian.

  • INDIVIDUAL SUBSCRIBER/IRA:* INSTITUTIONAL SUBSCRIBER: Name of Individual Subscriber Name of Institutional Subscriber Signature: By: Print Name: Print Name: Date: Title: Date: *If IRA, the Subscriber must be identified as: (name of the IRA Custodian) for the benefit of (the name of the individual) and must also be acknowledged by custodian or trustee below.

  • However, this deadline does not apply if your child is disabled or chronically at the time of your death and required documentation is provided to the SIMPLE IRA Custodian by the applicable deadline.

  • Pershing LLC serves as IRA Custodian or Non-Bank Trustee (Custodian).

  • For an IRA, the individual signs above and the IRA Custodian or Trustee signs below.

  • Although a direct rollover is accomplished similar to a transfer, the IRA Custodian must report the direct rollover on Form 5498 as a rollover contribution.


More Definitions of IRA Custodian

IRA Custodian means The Bank of New York Mellon Investment Servicing Trust Company. “IRS” means the Internal Revenue Service.
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IRA Custodian means the Trust Company, provided however that at all times while the IRA Custodian is performing trust account services, the Trust Company shall satisfy criteria established by the IRS to act as custodian of each IRA established under the Program.
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IRA Custodian means the bank, as defined in section 408(n) of the Internal Revenue Code, or, with the approval of the Internal Revenue Service, other entity described in section 408(a)(2) of the Internal Revenue Code, authorized to act as IRA Custodian (“Qualified Custodian”) listed in your Application as IRA Custodian or such other Qualified Custodian as TIS shall designate as IRA Custodian of your Retirement Accounts.
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Related to IRA Custodian

  • Sub-Custodian means and include (i) any branch of a “U.S. bank,” as that term is defined in Rule 17f-5 under the 1940 Act, and (ii) any “Eligible Foreign Custodian” having a contract with the Custodian which the Custodian has determined will provide reasonable care of assets of the Fund based on the standards specified in Section 3.3 below. Such contract shall be in writing and shall include provisions that provide: (i) for indemnification or insurance arrangements (or any combination of the foregoing) such that the Fund will be adequately protected against the risk of loss of assets held in accordance with such contract; (ii) that the Foreign Securities will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the Sub-Custodian or its creditors except a claim of payment for their safe custody or administration, in the case of cash deposits, liens or rights in favor of creditors of the Sub-Custodian arising under bankruptcy, insolvency, or similar laws; (iii) that beneficial ownership for the Foreign Securities will be freely transferable without the payment of money or value other than for safe custody or administration; (iv) that adequate records will be maintained identifying the assets as belonging to the Fund or as being held by a third party for the benefit of the Fund; (v) that the Fund’s independent public accountants will be given access to those records or confirmation of the contents of those records; and (vi) that the Fund will receive periodic reports with respect to the safekeeping of the Fund’s assets, including, but not limited to, notification of any transfer to or from a Fund's account or a third party account containing assets held for the benefit of the Fund. Such contract may contain, in lieu of any or all of the provisions specified in (i)-(vi) above, such other provisions that the Custodian determines will provide, in their entirety, the same or a greater level of care and protection for Fund assets as the specified provisions.

  • Repo Custodian shall have the meaning set forth in the preamble of this Agreement.

  • Primary Custodian the meaning set forth in Rule 17f-7(b)(2).

  • DTC Custodian means the Indenture Trustee as a custodian for DTC.

  • ADS Custodian means the person then acting as custodian under the Deposit Agreement. The ADS Custodian as of the Issue Date is The Bank of New York Mellon.