SIMPLE Individual Retirement Custodial Account. (Under section 408(p) of the Internal Revenue Code) The participant named above is establishing a savings incentive match plan for employees of small employers individual retirement account (SIMPLE IRA) under sections 408(a) and 408(p) to provide for his or her retirement and for the support of his or her beneficiaries after death. The custodian named above has given the participant the disclosure statement required by Regulations section 1.408-6. The participant and the custodian make the following agreement:
SIMPLE Individual Retirement Custodial Account. (Under section 408(p) of the Internal Revenue Code) Do not File Form 5305-SA (April 2017) Department of the Treasury Internal Revenue Service With the Internal Check if transfer SIMPLE IRA l The participant and the custodian make the following agreement: Revenue Service Check if amendment l
SIMPLE Individual Retirement Custodial Account. In the event of my death, pay any interest I may have under my account to the following primary beneficiary or beneficiaries who survive me. Make payment in the proportions specified below (or in equal proportions if no different proportions are specified). If any primary beneficiary predeceases me, their share is to be divided among the primary beneficiaries who survive me in the relative proportions assigned to each such surviving primary beneficiary. To be valid, proportion must total 100%. Primary Beneficiaries: Name Relationship Date of Birth Social Security Number Proportion % Name Relationship Date of Birth Social Security Number Proportion % If none of the primary beneficiaries survives me, pay any interest I may have under my account to the following alternate beneficiary or beneficiaries who survive me. Make payment in the proportions specified below (or in equal proportions if no different proportions are specified). If any alternate beneficiary Xxxxxxxxx Investment Management predeceases me, their share is to be divided among the alternate beneficiaries who survive me in the relative proportions assigned to each such surviving alternate beneficiary. Alternate Beneficiaries: Name Relationship Date of Birth Social Security Number Proportion IMPORTANT: This designation of beneficiary may have important tax or estate planning effects. If you cannot accomplish your estate planning objectives by using this Part 8 to designate your beneficiary(ies) (for example, if you wish to provide that the surviving children of a beneficiary who predeceases you should take that beneficiary’s share by right of representation), you may submit another form of written beneficiary designation to the custodian. Also, if you are married and reside in a community property or marital property state (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Wash- ington or Wisconsin), you may need to obtain your spouse’s consent if you have not designated your spouse as primary beneficiary for at least half of your account. See your lawyer or other tax professional for additional information and advice. Spousal Consent This section should be reviewed if the participant is married and designates a beneficiary other than the spouse. It is the participant’s responsibility to determine if this section applies. The participant may need to consult with legal counsel. Neither the custodian nor the sponsor are liable for any conse- quences resulting from a failure of the pa...
SIMPLE Individual Retirement Custodial Account. (Under section 408(p) of the Internal Revenue Code) The participant named above is establishing a savings incentive match plan for employees of small employers individual retirement account (SIMPLE IRA) under sections 408(a) and 408(p) to provide for his or her retirement and for the support of his or her beneficiaries after death. The custodian named above has given the participant the disclosure statement required by Regulations section 1.408-6. The participant and the custodian make the following agreement: Article I 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 Xxxx XXX or a designated Xxxx account. No other contributions will be accepted by the custodian.
SIMPLE Individual Retirement Custodial Account. Agreement
SIMPLE Individual Retirement Custodial Account. Department of the Treasury (under Sections 408(a) and 408(p) of the Internal Revenue Code) Internal Revenue Service
SIMPLE Individual Retirement Custodial Account the requirements of Section 408(h) of the Code. Upon receipt Th(Uendpearrtsiecciptiaonnt40n8a(mp)eodf thaeboInvteernisal eRsetvaebnliusehiCnogdea) savings by the Custodian of written acceptance of such appointment by the successor custodian, the Custodian shall transfer and pay over to such successor the assets of and records relating to the custodial account. The Custodian is authorized, however, to reserve such sum of money as it may deem advisable for payment of all its fees, compensation, costs and expenses, or for payment of any other liability constituting a charge on or against the assets of the custodial account or on or against the Custodian, and where necessary may liquidate shares in the custodial account for such payments. Any balance of such reserve remaining after the payment of all such items shall be paid over to the successor custodian. The Custodian shall not be liable for the acts or omissions of any predecessor or successor custodian or trustee.
