IRA plan definition

IRA plan means a plan described by Section 27 83.059(b)(1).
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Examples of IRA plan in a sentence

  • This IRA Application may only be used in conjunction with the IRA plan document stipulated by the Custodian.

  • Assets distributed from your IRA may be rolled over to the same IRA or another IRA plan of yours that is of the same IRA plan type (for example, a rollover from a Traditional IRA to another Traditional IRA of yours or a SIMPLE IRA to another SIMPLE IRA of yours), provided in each case the requirements of Section 408(d)(3) of the Code are met.

  • SIMPLE IRA-to-Traditional and Traditional IRA-to- SIMPLE IRA Rollovers Assets distributed from your SIMPLE IRA may be rolled over to your Traditional IRA, and assets distributed from your Traditional IRA may be rolled over to your SIMPLE IRA, in either case without IRS penalty tax provided the requirements of Section 408(d)(3) of the Code are met and two years have passed since you first participated in the SIMPLE IRA plan sponsored by your employer.

  • If both you and your spouse (as applicable) are not an active participant in certain employer-sponsored plans (such as, a qualified pension, profit sharing, 401(k) or stock bonus plan, a SEP plan, a SIMPLE IRA plan or other similar plans established by the federal government, a state, or a political subdivision), your entire IRA contribution may be deductible.

  • You may roll over, directly or indirectly, any eligible rollover distribution from an eligible employer-sponsored retirement plan to your Traditional IRA, Xxxx or SIMPLE IRA (provided two years has passed since you first participated in the SIMPLE IRA plan sponsored by your employer).

  • Your employer is required to provide you with information that describes the terms of its SIMPLE IRA plan.

  • The only contributions that may be made to your SIMPLE IRA are employee elective deferrals under a qualified salary reduction agreement, employer contributions, and other contributions allowed by the Internal Revenue Code (the “Code” or “IRC”) or related regulations, that are made under a SIMPLE IRA plan maintained by your employer.

  • To be eligible to convert all or any portion of your existing SIMPLE IRA to your Xxxx XXX, two years must have passed since you first participated in the SIMPLE IRA plan sponsored by your employer.

  • Participation in your employer’s SIMPLE IRA plan renders you an active participant for purposes of determining whether or not you can deduct contributions to a Traditional IRA.

  • This amount is increased to 25% if such a withdrawal is made from your SIMPLE IRA and less than two years have passed since you first participated in a SIMPLE IRA plan sponsored by your employer.

Related to IRA plan

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Company Plan means any Benefit Plan: (i) under which any current or former director, officer, employee, consultant or independent contractor of the Company has any present or future right to benefits and that is maintained, sponsored or contributed to by the Company; or (ii) with respect to which the Company has any Liability.

  • Health benefits plan means a benefits plan which pays or

  • Cafeteria plan means a written plan under which all participants are employees, and the participants may choose among two or more benefits consisting of cash and qualified benefits.

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • RBC plan means a comprehensive financial plan containing the elements specified in K.S.A. 40-2c06, and amendments thereto. If the commissioner rejects the RBC plan, and it is revised by the insurer, with or without the commissioner's recommendation, the plan shall be called the "revised RBC plan."

  • EHC plan means an Education, Health and Care plan made under sections 37(2) of the Children and Families Act 2014.

  • Plan means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Company 401(k) Plan shall have the meaning set forth in Section 4.11(f).

  • Seller Benefit Plan means each Employee Benefit Plan that is sponsored, maintained or contributed to or required to be contributed to by Seller or any of its Affiliates, or with respect to which Seller or any of its Affiliates may have any Liability, and in which one or more Business Employees participates.

  • SIP means Session Initiation Protocol.

  • Welfare Plan means a “welfare plan” as defined in Section 3(1) of ERISA.

  • Company Plans has the meaning set forth in Section 4.10(a).