SEP Plans Clause Samples
SEP Plans. Under a simplified employee pension (SEP) plan that meets the requirements of IRC Sec. 408(k), your employer may make contributions to your Traditional IRA. Your employer is required to provide you with information which describes the terms of your employer’s SEP Plan. No SEP plan contributions may be made to a ▇▇▇▇ ▇▇▇.
SEP Plans. Under a simplified employee pension (SEP) plan that meets the requirements of Code section 408(k), your employer may make contributions to your IRA. Your employer is required to provide you with information which describes the terms of your employer’s SEP plan.
SEP Plans. Under an SEP plan that meets the requirements of section 408(k) of the Code, your employer may make contributions to your IRA. Your employer is required to provide you with information that describes the terms of your employer’s SEP plan.
SEP Plans. Under an SEP plan that meets the requirements of section 408(k) of the Code, your employer may make contributions to your ▇▇▇. Your employer is required to provide you with information that describes the terms of your employer’s SEP plan.
SEP Plans. Under a simplified employee pension (SEP) plan that meets the requirements of Code Section 408(k), your employer may make contributions to your Traditional ▇▇▇. Your employer is required to provide you with information which describes the terms of your employer’s SEP Plan. No SEP plan contributions may be made to a ▇▇▇▇ ▇▇▇.
SEP Plans. Under a simplified employee pension (SEP) plan that meets the requirements of IRC Sec. 408(k), your employer may make contributions to your IRA. Your employer is required to provide you with information that describes the terms of your employer’s SEP plan. Spousal IRA – If you are married and have compensation, you may contribute to an IRA established for the benefit of your spouse for any year prior to the year your spouse turns age 70½, regardless of whether or not your spouse has compensation. You may make these spousal contributions even if you are age 70½ or older. You must file a joint income tax return for the year for which the contribution is made. Deduction of Rollovers and Transfers – A deduction is not allowed for rollover or transfer contributions. Gift Tax – Transfers of your IRA assets to a beneficiary made during your life and at your request may be subject to federal gift tax under IRC Sec. 2501. Special Tax Treatment – Capital gains treatment and 10-year income averaging authorized by IRC Sec. 402 do not apply to IRA distributions.