Roth 401(k) Amendment to the UBS Prototype 401(k) Plan

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Roth 401(k) Amendment to the UBS Prototype 401(k) Plan"

Transcription

1 ab Roth 401(k) Amendment to the UBS Prototype 401(k) Plan

2 Steps to Adopt the Discretionary Roth 401(k) Amendment to the UBS Prototype 401(k) Plan Employers may offer a Roth (i.e., after-tax) contribution feature in their 401(k) plans. 401(k) plans that offer this feature enable plan participants to designate all or a portion of their elective deferrals as Roth after-tax instead of traditional pre-tax contributions. Similar to Roth IRAs, distributions of Roth 401(k) contributions and their earnings are not taxable once certain requirements are met. As the sponsoring employer, you have the option to add this feature to your plan. Step 1: Step 2: Step 3: Step 4: Step 5: Step 6: Notify the plan s trustee that Roth 401(k) contributions will be permitted. Have the business board of directors or other governing body adopt the enclosed sample resolutions. Insert, in the applicable space, the name of your company, the name of the plan, and the effective date of the amendment. Have an appropriate officer or other authorized individual complete, sign and date the enclosed plan amendment. Retain the completed and adopted resolutions and the executed amendment with other important plan documents. Do not return these documents to UBS Financial Services Inc. Notify the participants that the Roth 401(k) feature has been added to your plan and the effective date of the feature. Distribute a revised summary plan description (SPD) to participants. (A sample SPD is available on the UBS Financial Services Inc. website at Coordinate implementation of the Roth 401(k) feature with your plan administrator. The plan s notices and election forms, recordkeeping and reporting systems, and possibly your payroll system will need to be revised to accommodate this feature. The sample resolutions and the amendment in this package and their use, and the other steps required to implement a Roth contribution feature, are complex and can affect legal rights and obligations. Neither UBS Financial Services Inc. nor its employees or representatives provide legal or tax advice. Thus, UBS Financial Services Inc. strongly urges you to discuss these documents and their use with your legal or tax advisor and your plan administrator. 2

3 Sample Resolutions Sample Resolutions for Adopting an Amendment Permitting Designated Roth Contributions to UBS Financial Services Inc. Prototype 401(k) Plan WHEREAS, (the Company ) has been maintaining the (the Plan ); and WHEREAS, the Company now wishes to amend the Plan to permit participants to make designated Roth contributions, IT IS THEREFORE RESOLVED, that, effective as of (the Effective Date ), the Plan be and hereby is amended in the manner set forth in the document entitled Amendment to the UBS Prototype 401(k) Plan to Permit Designated Roth Contributions (the Amendment ) attached to a copy of these resolutions; and it is further RESOLVED, that, pursuant to the Amendment and the foregoing resolution, participants in the Plan shall be allowed to make designated Roth contributions to the Plan, in accordance with the provisions of the Amendment, on and after the Effective Date; and it is further RESOLVED, that the appropriate employees, officers and representatives of the Company be and hereby are authorized and directed to execute the Amendment, and to prepare, execute and distribute such documents, forms, notices and communications, and to take such other steps as they deem appropriate, to carry out the foregoing resolutions. 3

4 Amendment to the UBS Prototype 401(k) Plan to Permit Designated Roth Contributions Article Fourteen is added to the Plan, effective as of the date indicated in the Employer s resolution adopting this amendment, to read as follows: Article Fourteen Designated Roth Account Definitions The following definitions shall apply for purposes of this Article 14: A. Catch-Up Roth Contributions shall mean the contributions described in Section 14.04(F) of the Plan. B. Designated Roth Account shall mean a separate bookkeeping account to which Designated Roth Contributions are credited. C. Designated Roth Contribution shall mean a designated Roth contribution described in Section 402A(c)(1) of the Code. D. Elective Deferral, Excess Deferral, Excess Contribution and Excess Aggregate Contribution shall each have the meaning assigned to such term under Article 11. E. Employee, Employer, Affiliated Company and Individual Account shall each have the meaning assigned to such term under Article 1. F. Pre-Tax Elective Deferral shall mean any Elective Deferral which is not treated as being a Designated Roth Contribution. G. Qualified Rollover Contribution shall mean a rollover contribution which is accepted by the Plan under Section 14.04(D)(4) of the Plan. H. Qualified Roth Contribution Program shall mean a qualified Roth contribution program, described in Section 402A(b)(1) of the Code, maintained under another qualified plan. I. Required Starting Date shall mean, with respect to any Participant, the April 1 following the later of (1) the calendar year in which the Participant attains age 70 and 1 2 or (2) the calendar year in which the Participant terminates employment with the Employer and the Affiliated Companies Establishment of an Account On and after the effective date of this Article Fourteen, a Participant may make Designated Roth Contributions to the Plan. The Plan Administrator shall establish and maintain, on behalf of each Participant who elects to make such contributions (or who makes a Qualified Rollover Contribution to the Plan), a Designated Roth Account. The Plan Administrator shall establish and maintain one or more sub-accounts under any Designated Roth Account, as is required below or as may be helpful in keeping records or otherwise administering such account Requirements for Designated Roth Accounts A Participant s Designated Roth Account shall satisfy each of the following rules and requirements: A. The entire interest of the Participant in the balance of the Designated Roth Account shall be nonforfeitable at all times. No contribution may be accepted by the Designated Roth Account after the Participant ceases to be an Employee. 4

5 B. The Designated Roth Account, and the records relating thereto, shall be maintained separately from the other accounts (including Individual Accounts) and records maintained for Participants under the Plan. The Designated Roth Account shall be designated as such on the Plan Administrator s records. The Plan Administrator shall keep a record of the contributions credited to, and the distributions and withdrawals charged to, the Designated Roth Account, including the amount of the contributions which have not been distributed or withdrawn from such account. Gains, losses and other credits and charges of the Plan must at all times be separately allocated on a reasonable and consistent basis among the Designated Roth Account and the other accounts maintained for Participants under the Plan. In addition, as to any separate sub-account established and maintained under the Designated Roth Account, the Plan Administrator shall keep a record of the contributions credited to, and the distributions and withdrawals charged to, such sub-account, including the amount of the contributions which have not been distributed or withdrawn from the sub-account. Gains, losses and other credits and charges of the Designated Roth Account must at all times be separately allocated on a reasonable and consistent basis among the sub-accounts maintained under such account. The requirements of this subsection (B) shall apply at the first time a Designated Roth Contribution or a Qualified Rollover Contribution is accepted by the Plan, and shall continue to apply until the entire balance of the Designated Roth Account has been distributed. C. No forfeitures, and no contributions other than Designated Roth Contributions and Qualified Rollover Contributions, may be allocated or credited to the Designated Roth Account. D. The Participant s Designated Roth Account shall be valued at the same time and in the same manner as the Participant s Individual Account is valued. Any contribution, withdrawal, distribution or other amount to be credited or charged to the Designated Roth Account shall be so credited or charged at the time determined in accordance with the rules of Section 4.03(B)(3) of the Plan Additional Rules Applicable to Designated Roth Accounts A. How Contributions Are Made A Participant shall make a Designated Roth Contribution by designating any contribution which is made under Article 11 of the Plan, and which would otherwise be treated as being an Elective Deferral under Article 11, as being a Designated Roth Contribution. A designation of an Elective Deferral as a Designated Roth Contribution shall be made at the same time as the deferral election to which such Elective Deferral relates is made, and in the manner otherwise prescribed by the Plan Administrator. The Participant may not change or revoke any such designation after it has been made. The Participant may increase, decrease or stop Designated Roth Contributions by increasing, decreasing or stopping the underlying Elective Deferrals in accordance with Article 11. In addition, the Participant may stop Designated Roth Contributions by ceasing to designate Elective Deferrals as being such. The Employer must treat any Designated Roth Contribution as being includable in the Participant s gross income, and as being includable in wages for wage withholding and employment tax purposes, at the time that such contribution would have been paid to the Participant but for his or her deferral election under Article 11. No Elective Deferral made pursuant to a negative election in effect under Section 11.02(E) of the Plan shall be treated as being a Designated Roth Contribution. Any Designated Roth Contribution made by the Participant shall be credited to his or her Designated Roth Account. B. Limit on Contributions The total amount of Designated Roth Contributions which may be made to the Plan by a Participant for any taxable year, when aggregated with the Participant s other Elective Deferrals for such taxable year, shall not exceed $15,000. For any taxable year beginning after 2006, the $15,000 amount in the preceding sentence shall be increased as provided in Section 402(g)(4) of the Code. 5

6 C. Minimum Distribution Requirement Notwithstanding any other provision of the Plan to the contrary, the distribution of a Participant s interest in his or her Designated Roth Account shall begin by the Participant s Required Starting Date, and shall be made at least as rapidly as required under Section 401(a)(9) of the Code, the incidental death benefit requirements of Section 401(a) of the Code and the applicable Treasury regulations, the provisions of which are incorporated herein by reference (the minimum distribution requirement ). To the extent permitted under the Code, the Treasury regulations and any applicable guidance issued by the Internal Revenue Service, a distribution or withdrawal from a Participant s Individual Account may be taken into account in satisfying the minimum distribution requirement applicable to the Designated Roth Account, and a distribution or withdrawal from the Participant s Designated Roth Account may be taken into account in determining whether the distributions made from the Participant s Individual Account satisfy the requirements of Section 401(a)(9) of the Code. D. Rollovers: 1. Notwithstanding any other provision of the Plan to the contrary, the portion of a distribution or withdrawal which is taken by a Participant from the Designated Roth Account may be included in a direct rollover only to the extent that the direct rollover is being made to the Participant s designated Roth account under a Qualified Roth Contribution Program, or to a Roth IRA (within the meaning of Section 408A(b) of the Code) of the Participant, and only to the extent that such direct rollover is permitted under Section 402(c) of the Code. 2. The Plan will not allow a direct rollover (including an automatic rollover) for distributions or withdrawals made from a Participant s Designated Roth Account during a year if the amount of such distributions or withdrawals which are eligible for rollover treatment are reasonably expected to total less than $200 during such year. In addition, for purposes of applying Section 6.10(B)(1)(e) of the Plan, any distribution or withdrawal from a Participant s Designated Roth Account is not taken into account in determining whether distributions or withdrawals from a Participant s other accounts under the Plan are reasonably expected to total less than $200 during a year. However, when applying the Plan s automatic direct rollover rules, any eligible rollover distribution made from the Participant s Designated Roth Account is aggregated with any eligible rollover distribution made, at the same time, from the Participant s other account or accounts under Plan for purposes of determining whether a mandatory distribution exceeds $1, The provision of Section 6.10(A) of the Plan under which a Participant may elect to make a direct rollover of a portion of any eligible rollover distribution, provided that such portion is at least $500, is applied separately to an eligible rollover distribution made from the Participants Designated Roth Account and an eligible rollover distribution made from any other account or accounts of the Participant under the Plan, even if the distributions from the Designated Roth Account and the other account or accounts are made at the same time. 4. The Plan may accept a rollover by a Participant of a distribution made to the Participant from a Qualified Roth Contribution Program, to the extent allowed by the Plan Administrator and permitted under the Code, the Treasury regulations and any applicable guidance issued by the Internal Revenue Service. Any such rollover made by the Participant and the earnings attributable thereto shall be credited to and held under a separate sub-account of the Participant s Designated Roth Account. The Plan Administrator shall retain in its records any statement it receives from the plan administrator (or other responsible person) of the distributing plan in connection with any direct rollover from a Qualified Roth Contribution Program which the Plan accepts. 6

7 E. Other Plan Provisions: 1. Matching Contributions shall be made with respect to Designated Roth Contributions, as if such contributions were any other Elective Deferrals. Any Designated Roth Contribution shall be treated as any other Elective Deferral for purposes of (a) applying the nondiscrimination tests of Section of the Plan, the safe harbor rules of Section of the Plan, and the 415 limits in accordance with Section 11.08(B) of the Plan, (b) determining the Plan s Excess Deferrals, Excess Contributions and Excess Aggregate Contributions, and (c) satisfying the top-heavy requirements of Section 416, as set forth in the Plan. The amount of Designated Roth Contributions which may be made to the Plan in any year shall be subject to the limitations imposed by the nondiscrimination tests and 415 limits in (a), and any Designated Roth Contributions which are included in Excess Deferrals, Excess Contributions or Excess Aggregate Contributions under (b) shall be subject to correction by distribution or recharacterization under Section 11.06(E), (F), (G) or (H) of the Plan, as applicable, as if such Designated Roth Contributions were any other Elective Deferrals, and as if the Designated Roth Account was a part of the applicable Participant s Elective Deferral sub-account under the Participant s Individual Account. Any Excess Deferrals of a Participant which arise for a taxable year, and any Excess Contributions of a Participant which arise for any Plan Year, shall be treated as consisting of first any Pre-Tax Elective Deferrals which the Participant made for such taxable year or Plan Year, as applicable, and second any Designated Roth Contributions which the Participant made for such taxable year or Plan Year, again as applicable, except as otherwise elected by the Participant. For purposes of correcting Excess Deferrals or Excess Contributions, any distribution of Excess Deferrals or Excess Contributions shall be treated as including the amount of Pre-Tax Elective Deferrals and the amount of Designated Roth Contributions determined under the preceding sentence. However, any distribution or withdrawal from the Designated Roth Account must come first from any Excess Deferrals or Excess Contributions, and the earnings attributable to such deferrals or contributions, held in the account. 2. A Participant shall become entitled to receive a distribution, and shall be permitted to take withdrawals, from his or her Designated Roth Account in accordance with Section of the Plan, as if the Designated Roth Contributions were any other Elective Deferrals, and as if the Designated Roth Account were a part of the sub-account described in Section 11.08(A) of the Plan which holds Elective Deferrals. If the Participant will receive a distribution or take a withdrawal from the Plan, and if such distribution or withdrawal may be taken from the Participant s Designated Roth Account and or any other account maintained for the Participant under the Plan, the Participant shall specify the extent to which the distribution or withdrawal shall be taken from his or her Designated Roth Account. F. Catch-Up Roth Contributions If this Plan accepts Designated Roth Contributions, then a Participant who is age 50 or older at the end of any taxable year may make Catch-Up Roth Contributions to the Plan for such year, by designating any contributions which would otherwise be treated as being Catch-Up Contributions under Article 11 for such year as being Catch-Up Roth Contributions. The maximum amount of a Participant s Catch-Up Roth Contributions, for any taxable year, shall be the maximum amount of additional elective deferrals which, when aggregated with the Participant s Catch-Up Contributions not designated as being Catch-Up Roth Contributions, the Participant could make to the Plan for such year under Section 414(v) of the Code. The rules and requirements of this Article 14 (including the rules pertaining to the designation of contributions in Section 14.04(A) of the Plan) shall apply to Catch-Up Roth Contributions as if they were Designated Roth Contributions, except that (1) a Participant s Catch-Up Roth Contributions, and the earnings thereon, shall be held in a separate sub-account under the Participant s Designated Roth Account, (2) the limitation of Section 14.04(B) of the Plan shall not apply to Catch-Up Roth Contributions, (3) no Matching Contributions may be made with respect to Catch-Up Roth Contributions, (4) Catch-Up Roth Contributions shall not be taken into account (i) when applying the nondiscrimination tests of Section of the Plan, the safe harbor rules of Section of the Plan, or the 415 limits of Section 3.05 and 11.08(B) of the Plan or (ii) when determining the Plan s Excess Deferrals, Excess Contributions or Excess Aggregate Contributions. 7

8 G. Statements If the Plan makes a direct rollover of a distribution from the Participant s Designated Roth Account to a designated Roth account under a Qualified Roth Contribution Program, the Plan Administrator shall provide, to the plan administrator or other responsible person of the recipient program, a statement which indicates either (1) the first year of the Participant s 5-taxable year period of participation, within the meaning of the Treasury regulations under Section 402A of the Code, and the portion of such distribution which constitutes investment in the contract, within the meaning of Section 72 of the Code (such investment being referred to below as Basis ), or (2) that such distribution is a qualified distribution, within the meaning of Section 402A(d)(2) of the Code (a Qualified Distribution ). If a distribution from the Participant s Designated Roth Account is not paid as a direct rollover, the Plan Administrator shall provide the Participant, upon the Participant s request, with a statement which indicates either (i) the portion of such distribution which constitutes Basis, or (ii) that such distribution is a Qualified Distribution. The Plan Administrator shall so provide such statement within a reasonable period after the date on which the direct rollover is made or the date on which the Participant s request is received, as applicable, but in any event within 30 days after such applicable date. H. Earliest Designated Roth Contribution The Plan shall not accept any Designated Roth Contribution or any Qualified Rollover Contribution prior to January 1, I. Notice To The Trustee Before the Plan accepts any Designated Roth Contribution or any Qualified Rollover Contribution, the Employer shall notify the Trustee that the Plan may accept such contributions. Signature of Employer: Date Signed: Type or Print Name: Title: 8

9 Additional Plan Provisions for Designated Roth Contributions Effective as of January 1, 2006, the Plan s provisions pertaining to Designated Roth Contributions are amended as follows: 1. The Employer must treat any Designated Roth Contribution as being an Elective Deferral which is not excludable from gross income, and as being includable in wages for wage withholding and employment tax purposes, at the time that such contribution would have been paid to the Participant but for his or her deferral election under the Plan. 2. No Elective Deferral made pursuant to a negative election or a deemed election may be treated as a Designated Roth Contribution. If an elective contribution would not have been includable in gross income if it had been paid directly to the Employee (rather than being subject to a cash or deferral election), the elective contribution may nevertheless be treated as a Designated Roth Contribution, provided that the Employee is entitled to treat such contribution as an investment in the contract under Section 72(f)(2) of the Code and all other requirements of the Code applicable Treasury regulations for treatment as a Designated Roth Contribution are satisfied. 3. When applying the Plan s automatic direct rollover rules, any eligible rollover distribution made from the Participant s Designated Roth Account is treated as being a separate distribution from any other eligible rollover distribution made at the same time from the Participant s other account or accounts under the Plan, for purposes of determining whether a mandatory distribution exceeds $1, In the case of any Self-Employed Individual, a contribution may not be treated as being a Designated Roth Contribution unless such individual does not claim a tax deduction for such contribution. 9

10 This page intentionally left blank

11 This page intentionally left blank

12 2007 UBS Financial Services Inc. All Rights Reserved. Member SIPC. ab UBS Financial Services Inc Q069 UBS Financial Services Inc. is a subsidiary of UBS AG.

Savings Incentive Match Plan For Employees (Simple) IRA Plan Employer Adoption Agreement

Savings Incentive Match Plan For Employees (Simple) IRA Plan Employer Adoption Agreement simple ira plan december 2011 Savings Incentive Match Plan For Employees (Simple) IRA Plan Employer Adoption Agreement For Use with the Simple IRA Application About the Savings Incentive Match Plan for

More information

SAVINGS INCENTIVE MATCH PLAN FOR EMPLOYEES BASIC PLAN DOCUMENT

SAVINGS INCENTIVE MATCH PLAN FOR EMPLOYEES BASIC PLAN DOCUMENT Customer copy please retain for your records. SAVINGS INCENTIVE MATCH PLAN FOR EMPLOYEES BASIC PLAN DOCUMENT DEFINITIONS ADOPTING EMPLOYER Means any corporation, sole proprietor or other entity named in

More information

SOUTHERN OHIO EDUCATIONAL SERVICE CENTER. 403(b) RETIREMENT PLAN

SOUTHERN OHIO EDUCATIONAL SERVICE CENTER. 403(b) RETIREMENT PLAN SOUTHERN OHIO EDUCATIONAL SERVICE CENTER 403(b) RETIREMENT PLAN TABLE OF CONTENTS Parties to Agreement................................................... 3 Recitals.............................................................

More information

Columbia Management SIMPLE IRA

Columbia Management SIMPLE IRA Columbia Management SIMPLE IRA An Employer s Guide to Plan Set-Up Establishing a Plan is Easy 1. Read through this booklet before signing any forms. You may want to consult your tax and/or legal advisor

More information

Schwab SIMPLE IRA Basic Plan Document

Schwab SIMPLE IRA Basic Plan Document Schwab SIMPLE IRA Basic Plan Document Table of Contents This document contains the legal provisions of your Schwab SIMPLE IRA plan. Please keep it in a place where you can easily find and refer to it.

More information

FAQs REGARDING DESIGNATED ROTH ACCOUNTS

FAQs REGARDING DESIGNATED ROTH ACCOUNTS FAQs REGARDING DESIGNATED ROTH ACCOUNTS These frequently asked questions and answers are provided for general information only and should not be cited as any type of legal authority. They are designed

More information

SUMMARY PLAN DESCRIPTION

SUMMARY PLAN DESCRIPTION Qualified Retirement Plan SUMMARY PLAN DESCRIPTION 150838 Rev. 11/08 Qualified Retirement Plan and Trust Summary Plan Description TABLE OF CONTENTS INTRODUCTION...iii DEFINITIONS...1 Beneficiary...1 Catch-up

More information

MFS SEP PLAN Everything you need to start your plan EMPLOYER RESOURCE GUIDE

MFS SEP PLAN Everything you need to start your plan EMPLOYER RESOURCE GUIDE MFS SEP PLAN Everything you need to start your plan EMPLOYER RESOURCE GUIDE EMPLOYER INSTRUCTIONS For completion of MFS SEP forms. Documents are numbered for your convenience. MFS SEP 1. Read all documents,

More information

Hardship distributions. A hardship distribution is not eligible for rollover.

Hardship distributions. A hardship distribution is not eligible for rollover. SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS 1 (Alternative to IRS Safe Harbor Notice - For Participant) This notice explains how you can continue to defer federal income tax on your retirement plan savings

More information

SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS

SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS This notice explains how you can continue to defer federal income tax on your retirement plan savings in the Plan and contains important information you will

More information

PROTOTYPE SIMPLIFIED EMPLOYEE PROTOTYPE PLAN

PROTOTYPE SIMPLIFIED EMPLOYEE PROTOTYPE PLAN PROTOTYPE SIMPLIFIED EMPLOYEE PROTOTYPE PLAN PROTOTYPE SIMPLIFIED EMPLOYEE PENSION PLAN AGREEMENT ARTICLE I Adoption and Purpose of Plan 1.01 Adoption of Plan: By completing and signing the Adoption Agreement,

More information

SEP and SEP PLUS SIMPLIFIED EMPLOYEE PENSION PROGRAMS

SEP and SEP PLUS SIMPLIFIED EMPLOYEE PENSION PROGRAMS SEP and SEP PLUS SIMPLIFIED EMPLOYEE PENSION PROGRAMS PLAN DOCUMENTS, DISCLOSURE STATEMENTS AND EMPLOYER S ADOPTION AGREEMENTS CONTENTS SEP PROGRAM SEP PLUS PROGRAM is for use on or after January 1, 2002

More information

ROTH IRA DISCLOSURE STATEMENT

ROTH IRA DISCLOSURE STATEMENT ROTH IRA DISCLOSURE STATEMENT The Pension Fund of the Christian Church established and maintains the Defined Contribution Retirement Accounts of the Pension Fund of the Christian Church (Disciples of Christ)

More information

SIMPLIFIED EMPLOYEE PLAN

SIMPLIFIED EMPLOYEE PLAN SIMPLIFIED EMPLOYEE PLAN SIMPLIFIED EMPLOYEE PENSION PLAN AGREEMENT ARTICLE I Adoption and Purpose of Plan 1.01 Adoption of Plan: By completing and signing the Adoption Agreement, the Employer adopts the

More information

Qualified Retirement Plan

Qualified Retirement Plan Qualified Retirement Plan BASIC PLAN DOCUMENT 158198 12/10 QUALIFIED RETIREMENT PLAN AND TRUST BASIC PLAN DOCUMENT (EGTRRA) Table Of Contents DEFINITIONS...1 ACP Test Safe Harbor Matching Contributions...1

More information

STATE OF MICHIGAN 401K PLAN. (Amended and Restated Effective January 1, 2014)

STATE OF MICHIGAN 401K PLAN. (Amended and Restated Effective January 1, 2014) STATE OF MICHIGAN 401K PLAN (Amended and Restated Effective January 1, 2014) STATE OF MICHIGAN 401K PLAN TABLE OF CONTENTS ARTICLE 1 ESTABLISHMENT OF PLAN AND TRUST...1 1.1 Establishment of Plan....1 1.2

More information

Qualified Retirement Plan and Trust Defined Contribution Basic Plan Document 03

Qualified Retirement Plan and Trust Defined Contribution Basic Plan Document 03 Qualified Retirement Plan and Trust Defined Contribution Basic Plan Document 03 PO Box 2760 Omaha, NE 68103-2760 Fax: 866-468-6268 TABLE OF CONTENTS DEFINITIONS.... 5 2009 RMD.... 5 ACP Test Safe Harbor

More information

THE CITY OF GALLATIN 401(K) RETIREMENT PLAN

THE CITY OF GALLATIN 401(K) RETIREMENT PLAN THE CITY OF GALLATIN 401(K) RETIREMENT PLAN TABLE OF CONTENTS ARTICLE I DEFINITIONS ARTICLE II ADMINISTRATION 2.1 POWERS AND RESPONSIBILITIES OF THE EMPLOYER... 8 2.2 DESIGNATION OF ADMINISTRATIVE AUTHORITY...

More information

Schwab SEP-IRA Basic Plan Document

Schwab SEP-IRA Basic Plan Document Schwab SEP-IRA Basic Plan Document Table of Contents This document contains the legal provisions of your Schwab SEP-IRA Plan. Please keep it in a place where you can easily find and refer to it. Definitions.......................................................

More information

Important Information Morgan Stanley SIMPLE IRA Summary

Important Information Morgan Stanley SIMPLE IRA Summary SIMPLE IRA Summary September 2013 Important Information Morgan Stanley SIMPLE IRA Summary The following is intended to provide you with basic information on the roles and services that Morgan Stanley Smith

More information

UBS Financial Services Inc. SIMPLE IRA Summary Description

UBS Financial Services Inc. SIMPLE IRA Summary Description UBS Financial Services Inc. SIMPLE IRA Summary Description Your employer has adopted a SIMPLE IRA Plan (SIMPLE IRA Plan) to provide you with a tax-deferred means to accumulate savings for retirement through

More information

ING. 403(b) Plan for a Public School. Enhanced for Roth 403(b) and Employer Contributions

ING. 403(b) Plan for a Public School. Enhanced for Roth 403(b) and Employer Contributions ING 403(b) Plan for a Public School Enhanced for Roth 403(b) and Employer Contributions 1 Table of Contents Plan Provisions Section Section I: Definition of Terms Used Section II: Participation and Contributions

More information

ST. JOHN S UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN (JANUARY 1, 2015 RESTATEMENT)

ST. JOHN S UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN (JANUARY 1, 2015 RESTATEMENT) ST. JOHN S UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN (JANUARY 1, 2015 RESTATEMENT) INTRODUCTION This document is both the formal document that constitutes the St. John s University Defined Contribution

More information

THE NATIONAL GRID USA COMPANIES INCENTIVE THRIFT PLAN II. (As Amended and Restated Effective January 1, 2015)

THE NATIONAL GRID USA COMPANIES INCENTIVE THRIFT PLAN II. (As Amended and Restated Effective January 1, 2015) Page 1 of 91 THE NATIONAL GRID USA COMPANIES INCENTIVE THRIFT PLAN II (As Amended and Restated Effective January 1, 2015) 3505578_2.DOC TABLE OF CONTENTS Page 2 of 91 ARTICLE 1. INTRODUCTION. 1.1. In General...1

More information

Qualified Retirement Plan

Qualified Retirement Plan Qualified Retirement Plan SUMMARY PLAN DESCRIPTION 150838 02/13 This page intentionally left blank. Qualified Retirement Plan and Trust Summary Plan Description TABLE OF CONTENTS INTRODUCTION... iii DEFINITIONS...

More information

IMPORTANT INFORMATION ABOUT ROTH CONTRIBUTIONS

IMPORTANT INFORMATION ABOUT ROTH CONTRIBUTIONS IMPORTANT INFORMATION ABOUT ROTH CONTRIBUTIONS What is a Roth 401(k)? Is it a new type of plan? No, it is not a new type of plan. Designated Roth contributions are a type of contribution that new or existing

More information

Designated Roth contributions to cash or deferred arrangements under section 401(k)

Designated Roth contributions to cash or deferred arrangements under section 401(k) [4830-01-p] DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Parts 1 and 602 [TD 9237] RIN 1545-BE05 Designated Roth contributions to cash or deferred arrangements under section 401(k) AGENCY:

More information

SPECIAL TAX NOTICE FOR PARTICIPARTS RECEIVING PLAN BENEFIT PAYMENTS

SPECIAL TAX NOTICE FOR PARTICIPARTS RECEIVING PLAN BENEFIT PAYMENTS SPECIAL TAX NOTICE FOR PARTICIPARTS RECEIVING PLAN BENEFIT PAYMENTS SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS This notice explains how you can continue to defer federal income tax on your retirement plan

More information

Salary Reduction Simplified Employee Pension (SAR-SEP) Plan Employer Adoption Agreement For Use with the Traditional IRA Application

Salary Reduction Simplified Employee Pension (SAR-SEP) Plan Employer Adoption Agreement For Use with the Traditional IRA Application december 2011 Salary Reduction Simplified Employee Pension (SAR-SEP) Plan Employer Adoption Agreement For Use with the Traditional IRA Application Employer s Guide to the SAR-SEP Plan Salary Reduction

More information

ST. NORBERT COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN

ST. NORBERT COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN ST. NORBERT COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN JANUARY 1, 2009 ST. NORBERT COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN Table of Contents Page ARTICLE I INTRODUCTION...1 Section 1.01. Purpose...1

More information

SUMMARY PLAN DESCRIPTION. for the AMBROSE MULTIPLE EMPLOYER RETIREMENT SAVINGS PLAN

SUMMARY PLAN DESCRIPTION. for the AMBROSE MULTIPLE EMPLOYER RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION for the AMBROSE MULTIPLE EMPLOYER RETIREMENT SAVINGS PLAN TABLE OF CONTENTS (1) Eligibility to Participate... 4 (2) Types of Plan Contributions... 4 (3) Compensation... 7 (4) Vesting...

More information

401(k) Plan Executive Summary

401(k) Plan Executive Summary 401(k) Plan Executive Summary January 2016 3000 Lava Ridge Court, Suite 130 Roseville, CA 95661 Tel 916.773.3480 Fax 916.773.3484 6400 Canoga Avenue, Suite 250 Woodland Hills, CA 91367 Tel 818.716.0111

More information

Savings Incentive Match Plan for Employees (SIMPLE) For Use with a Non-DFI IRS Model Form 5304-SIMPLE

Savings Incentive Match Plan for Employees (SIMPLE) For Use with a Non-DFI IRS Model Form 5304-SIMPLE Savings Incentive Match Plan for Employees (SIMPLE) For Use with a Non-DFI IRS Model Form 5304-SIMPLE Form 5304-SIMPLE (Rev. August 2005) Department of the Treasury Internal Revenue Service Savings Incentive

More information

SUMMARY PLAN DESCRIPTION. Roman Catholic Diocese of Erie, Pennsylvania 401(k) Retirement Plan

SUMMARY PLAN DESCRIPTION. Roman Catholic Diocese of Erie, Pennsylvania 401(k) Retirement Plan SUMMARY PLAN DESCRIPTION Roman Catholic Diocese of Erie, Pennsylvania 401(k) Retirement Plan Table of Contents I. BASIC PLAN INFORMATION AND DEFINITIONS...2 A. ACCOUNT...2 B. BENEFICIARY...2 C. DISABLED

More information

A. TYPES OF PLAN DISTRIBUTIONS

A. TYPES OF PLAN DISTRIBUTIONS SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS This notice explains how you can continue to defer federal income tax on your retirement plan savings in the Plan and contains important information you will

More information

Qualified Retirement Plan

Qualified Retirement Plan Qualified Retirement Plan Standardized Adoption Agreement PO Box 2760 Omaha, NE 68103-2760 Super Simplified Individual 401(k) Profit Sharing Plan Key Information When Establishing a Qualified Retirement

More information

AMENDMENT FOR PENSION PROTECTION ACT AND HEART ACT ARTICLE I PREAMBLE

AMENDMENT FOR PENSION PROTECTION ACT AND HEART ACT ARTICLE I PREAMBLE AMENDMENT FOR PENSION PROTECTION ACT AND HEART ACT ARTICLE I PREAMBLE 1.1 Effective date of Amendment. The Employer, or if applicable, the sponsor on behalf of the Employer, adopts this Amendment to the

More information

Columbia Threadneedle Investments SEP Simplified Employee Pension Plan

Columbia Threadneedle Investments SEP Simplified Employee Pension Plan Columbia Threadneedle Investments SEP Simplified Employee Pension Plan This kit contains: Part I. Instructions and Basic Plan Document Part II. Eligibility form and Adoption Agreement Part III. Employee

More information

A. TYPES OF PLAN DISTRIBUTIONS

A. TYPES OF PLAN DISTRIBUTIONS SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS 1 (Alternative to IRS Safe Harbor Notice - For Participant) This notice explains how you can continue to defer federal income tax on your retirement plan savings

More information

BURNET CONSOLIDATED INDEPENDENT SCHOOL DISTRICT 403(B) RETIREMENT PLAN. SUMMARY OF 403(b) PLAN PROVISIONS

BURNET CONSOLIDATED INDEPENDENT SCHOOL DISTRICT 403(B) RETIREMENT PLAN. SUMMARY OF 403(b) PLAN PROVISIONS BURNET CONSOLIDATED INDEPENDENT SCHOOL DISTRICT 403(B) RETIREMENT PLAN SUMMARY OF 403(b) PLAN PROVISIONS Updated January 22, 2013 TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN ARTICLE I PARTICIPATION IN

More information

The Fidelity Retirement Plan and Trust Agreement Basic Plan Document No. 04

The Fidelity Retirement Plan and Trust Agreement Basic Plan Document No. 04 Article 1. Introduction...1 Article 2. Definitions...1 2.1. Account or Accounts... 1 2.2. Adoption Agreement... 1 2.3. Affiliated Employer... 1 2.4. Alternate Payee... 1 2.5. Annuity Starting Date... 1

More information

INDIVIDUAL 401(k) PROFIT SHARING PLAN BASIC PLAN DOCUMENT #04

INDIVIDUAL 401(k) PROFIT SHARING PLAN BASIC PLAN DOCUMENT #04 INDIVIDUAL 401(k) PROFIT SHARING PLAN BASIC PLAN DOCUMENT #04 #4300 (4/2014) i TABLE OF CONTENTS Definitions 2009 RMD...1 Actual Deferral Percentage (ADP)...1 Adopting Employer...1 Adoption Agreement...1

More information

University of Alaska Voluntary Tax Deferred Annuity Plan

University of Alaska Voluntary Tax Deferred Annuity Plan University of Alaska Voluntary Tax Deferred Annuity Plan Table of Contents Key Terms and Adoption Section Section 1: Definition of Terms Used Section 2: Participation and Contributions Section 3: Limitations

More information

TRANSAMERICA RETIREMENT SOLUTIONS CORPORATION TAX DEFERRED ANNUITY RETIREMENT PLAN

TRANSAMERICA RETIREMENT SOLUTIONS CORPORATION TAX DEFERRED ANNUITY RETIREMENT PLAN Account No.: TRANSAMERICA RETIREMENT SOLUTIONS CORPORATION TAX DEFERRED ANNUITY RETIREMENT PLAN This Base Plan Document is to be used in conjunction with the Transamerica Retirement Solutions Corporation

More information

Pioneer Investments Retirement Plans

Pioneer Investments Retirement Plans SEP Step-By-Step It s Easy to Open a Pioneer SEP-IRA Account 1. Complete the Pioneer SEP Adoption Agreement in this booklet. (Keep the form for your records; you do not need to file it with the IRS.) 2.

More information

SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS

SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS This notice explains how you can continue to defer federal income tax options for your distribution from the Plan and contains important information you will

More information

SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS

SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS This notice explains how you can continue to defer federal income tax on your retirement plan savings in the Plan and contains important information you will

More information

SEP IRA. For the self-employed and businesses with few employees

SEP IRA. For the self-employed and businesses with few employees SEP IRA P L A N E S T A B L I S H M E N T G U I D E For the self-employed and businesses with few employees Features many of the same tax advantages as other plans Funded solely by Employer contributions

More information

Ministers Benefit Association (MBA) 403(b) Employer Rules, Adoption and Service Agreement (MBA as One of Multiple Service Providers)

Ministers Benefit Association (MBA) 403(b) Employer Rules, Adoption and Service Agreement (MBA as One of Multiple Service Providers) Ministers Benefit Association (MBA) 403(b) Employer Rules, Adoption and Service Agreement (MBA as One of Multiple Service Providers) This agreement is an [check one] original agreement amended agreement.

More information

SUMMARY DESCRIPTION OF THE. University of Mississippi 403(b) PLAN

SUMMARY DESCRIPTION OF THE. University of Mississippi 403(b) PLAN SUMMARY DESCRIPTION OF THE University of Mississippi 403(b) PLAN ("The Plan") PLEASE READ THIS CAREFULLY AND KEEP FOR FUTURE REFERENCE. January 2013 CONTENTS 1. INTRODUCTION... 1 2. IMPORTANT PLAN INFORMATION...

More information

TRADITIONAL IRA DISCLOSURE STATEMENT

TRADITIONAL IRA DISCLOSURE STATEMENT TRADITIONAL IRA DISCLOSURE STATEMENT TABLE OF CONTENTS REVOCATION OF ACCOUNT... 1 STATUTORY REQUIREMENTS... 1 (1) Qualification Requirements... 1 (2) Required Distribution Rules... 1 (3) Approved Form....

More information

North Carolina Public School Teachers and Professional Educators Investment Plan 403(b) Volume Submitter Plan

North Carolina Public School Teachers and Professional Educators Investment Plan 403(b) Volume Submitter Plan SPECIMEN DOCUMENT 5/09/14 North Carolina Public School Teachers and Professional Educators Investment Plan 403 Volume Submitter Plan Base Plan Document [Note: This document will be submitted to the IRS

More information

Randolph College Defined Contribution and Tax-Deferred Annuity Retirement Plan. Plan Document

Randolph College Defined Contribution and Tax-Deferred Annuity Retirement Plan. Plan Document Randolph College Defined Contribution and Tax-Deferred Annuity Retirement Plan Plan Document Amended and Restated Effective as of January 1, 2012 2 TABLE OF CONTENTS Page ARTICLE I: DEFINITIONS... 1 ARTICLE

More information

INSTRUCTIONS TO EMPLOYER. What to do when an active participant requests a hardship or other in-service withdrawal

INSTRUCTIONS TO EMPLOYER. What to do when an active participant requests a hardship or other in-service withdrawal INSTRUCTIONS TO EMPLOYER What to do when an active participant requests a hardship or other in-service withdrawal 1. Print the following withdrawal forms and give them to the participant. The required

More information

Putnam SIMPLE IRA Plan and Disclosure Statement

Putnam SIMPLE IRA Plan and Disclosure Statement Putnam SIMPLE IRA Plan and Disclosure Statement Putnam SIMPLE Individual Retirement Trust Account Plan...1 Putnam SIMPLE IRA Disclosure Statement...16 Form 5305-S (Rev. March 2002) Department of the Treasury

More information

SUMMARY PLAN DESCRIPTION

SUMMARY PLAN DESCRIPTION SUMMARY PLAN DESCRIPTION INTERSTATE BATTERIES PROFIT SHARING & 401(K) PLAN This Summary Plan Description (the SPD), including the Summaries of Material Modification (SMM), is meant to describe highlights

More information

HARDSHIP WITHDRAWAL ELECTION. To the Plan Administrator of., Participant.

HARDSHIP WITHDRAWAL ELECTION. To the Plan Administrator of., Participant. HARDSHIP WITHDRAWAL ELECTION To the Plan Administrator of Re: ( Plan ):, Participant. 1. Withdrawal Election. As permitted by the Plan, I elect to withdraw the following portion of my Vested Account Balance

More information

OREGON CITY SCHOOL DISTRICT 457(b) DEFERRED COMPENSATION PLAN BASIC PLAN DOCUMENT

OREGON CITY SCHOOL DISTRICT 457(b) DEFERRED COMPENSATION PLAN BASIC PLAN DOCUMENT OREGON CITY SCHOOL DISTRICT 457(b) DEFERRED COMPENSATION PLAN BASIC PLAN DOCUMENT OREGON CITY SCHOOL DISTRICT 457(b) DEFERRED COMPENSATION PLAN BASIC PLAN DOCUMENT TABLE OF CONTENTS ARTICLE 1 INTRODUCTION...

More information

VANOVERBEKE, MICHAUD & TIMMONY, P.C.

VANOVERBEKE, MICHAUD & TIMMONY, P.C. VANOVERBEKE MICHAUD & TIMMONY, P.C. MICHAEL J. VANOVERBEKE ATTORNEYS AND COUNSELORS 79 ALFRED STREET THOMAS C. MICHAUD DETROIT, M ICHIGAN 48201 JACK TIMMONY TEL: 313-578-1200 FRANCIS E. JUDD FAX: 313-578-1201

More information

Code means the Internal Revenue Code of 1986, as amended.

Code means the Internal Revenue Code of 1986, as amended. The American Funds Roth IRA Trust Agreement Pending IRS approval. Section 1 Definitions As used in this trust agreement ( Agreement ) and the related Application, the following terms shall have the meaning

More information

SUMMARY PLAN DESCRIPTION FOR THE BECKER TRUCKING, INC. 401(k) PROFIT SHARING PLAN AND TRUST. (January 1, 2009) Revised

SUMMARY PLAN DESCRIPTION FOR THE BECKER TRUCKING, INC. 401(k) PROFIT SHARING PLAN AND TRUST. (January 1, 2009) Revised SUMMARY PLAN DESCRIPTION FOR THE BECKER TRUCKING, INC. 401(k) PROFIT SHARING PLAN AND TRUST (January 1, 2009) Revised TABLE OF CONTENTS Page (1) General... 1 (2) Identification of Plan... 1 (3) Type of

More information

Part III. Administrative, Procedural and Miscellaneous. Guidance on In-Plan Roth Rollovers. Notice 2010-84 I. PURPOSE

Part III. Administrative, Procedural and Miscellaneous. Guidance on In-Plan Roth Rollovers. Notice 2010-84 I. PURPOSE Part III. Administrative, Procedural and Miscellaneous Guidance on In-Plan Roth Rollovers Notice 2010-84 I. PURPOSE This notice provides guidance under 402A(c)(4) of the Internal Revenue Code, relating

More information

How much can I deduct if I am an active participant in a qualified plan?... 2

How much can I deduct if I am an active participant in a qualified plan?... 2 Table of Contents What is an Individual Retirement Account (IRA)?...................................... 1 Who may establish a Traditional IRA?............................................... 1 How much

More information

GOLD CROSS SERVICES, INC. 401(K) RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION

GOLD CROSS SERVICES, INC. 401(K) RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION GOLD CROSS SERVICES, INC. 401(K) RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?...

More information

Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) Not for Use With a Designated Financial Institution

Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) Not for Use With a Designated Financial Institution Form 5304-SIMPLE (Rev. March 2012) Department of the Treasury Internal Revenue Service Name of Employer Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) Not for Use With a Designated

More information

NEW YORK STATE DEFERRED COMPENSATION PLAN LOCAL EMPLOYER ADOPTION KIT

NEW YORK STATE DEFERRED COMPENSATION PLAN LOCAL EMPLOYER ADOPTION KIT NEW YORK STATE DEFERRED COMPENSATION PLAN LOCAL EMPLOYER ADOPTION KIT 1 NEW YORK STATE DEFERRED COMPENSATION PLAN EMPLOYER ADOPTION KIT TABLE OF CONTENTS SECTION 1. SECTION 2. SECTION 3. SECTION 4. SECTION

More information

SIMPLIFIED. Employee Pension Plan. John Hancock Investments. Your SEP/SARSEP retirement plan guide for small businesses and self-employed individuals

SIMPLIFIED. Employee Pension Plan. John Hancock Investments. Your SEP/SARSEP retirement plan guide for small businesses and self-employed individuals John Hancock Investments SIMPLIFIED Employee Pension Plan Your SEP/SARSEP retirement plan guide for small businesses and self-employed individuals EMPLOYER DOCUMENTS Employer information This kit contains

More information

Roth 403(b) Contribution Option

Roth 403(b) Contribution Option Roth 403(b) Contribution Option Frequently Asked Questions George Mason University offers a Roth 403(b) contribution option under the George Mason University Tax Deferred Savings Plan (the Plan ). The

More information

Retirement Management Account Individual Retirement Account (IRA) CUSTODIAL ACCOUNT AGREEMENT & DISCLOSURE STATEMENT

Retirement Management Account Individual Retirement Account (IRA) CUSTODIAL ACCOUNT AGREEMENT & DISCLOSURE STATEMENT MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY Retirement Management Account Individual Retirement Account (IRA) CUSTODIAL ACCOUNT AGREEMENT & DISCLOSURE STATEMENT Retirement Management Account IRA Custodial

More information

IN-PLAN 403(b) ROTH CONVERSION FORM For Current Members Only

IN-PLAN 403(b) ROTH CONVERSION FORM For Current Members Only IN-PLAN 403(b) ROTH CONVERSION FORM For Current Members Only General Member Information First Name (Please use full legal name) Middle Name Last Name Social Security Number Name of Ministry Employer Date

More information

Instructions for Completing the Schwab Individual 401(k) Plan Adoption Agreement

Instructions for Completing the Schwab Individual 401(k) Plan Adoption Agreement Instructions for Completing the Schwab Individual 401(k) Plan Adoption Agreement Page 1 of 2 www.schwab.com 1-800-694-9449, Option 3 (inside the U.S.) +1-415-667-8400 (outside the U.S.) Getting Started

More information

Guidance on Allocation of After-Tax Amounts to Rollovers. Notice 2014-54 I. PURPOSE

Guidance on Allocation of After-Tax Amounts to Rollovers. Notice 2014-54 I. PURPOSE Guidance on Allocation of After-Tax Amounts to Rollovers Notice 2014-54 I. PURPOSE This notice provides rules for allocating pretax and after-tax amounts among disbursements that are made to multiple destinations

More information

Fidelity Investments Code Section 403(b)(7) Individual Custodial Account Agreement

Fidelity Investments Code Section 403(b)(7) Individual Custodial Account Agreement Fidelity Investments Code Section 403(b)(7) Individual Custodial Account Agreement Contents 1. Introduction...................................................... 1 2. Definitions.......................................................

More information

SECTION 403(b) PRE-APPROVED PLANS Sample Plan Provisions and Information Package Revised March 2015

SECTION 403(b) PRE-APPROVED PLANS Sample Plan Provisions and Information Package Revised March 2015 SECTION 403(b) PRE-APPROVED PLANS Sample Plan Provisions and Information Package Revised March 2015 To Sponsors of Section 403(b) Pre-approved Plans: This information package contains samples of plan provisions

More information

401(k) Summary Plan Description

401(k) Summary Plan Description 401(k) Summary Plan Description WELLSPAN 401(K) RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION I I PRIOR TO II III I TABLE OF TO YOUR PLAN What kind of Plan is this? 5 What information does this Summary

More information

Sample. Table of Contents. Introduction... 1. What is the difference between a regular 401(k) deferral (pre-tax) and a Roth 401(k) deferral?...

Sample. Table of Contents. Introduction... 1. What is the difference between a regular 401(k) deferral (pre-tax) and a Roth 401(k) deferral?... Table of Contents Introduction... 1 What is the difference between a regular 401(k) deferral (pre-tax) and a Roth 401(k) deferral?... 2 Who is eligible to make a Roth 401(k) deferral?... 3 Roth IRAs have

More information

AUBURN UNIVERSITY. 457(b) DEFERRED COMPENSATION PLAN SUMMARY EXPLANATION OF THE PLAN

AUBURN UNIVERSITY. 457(b) DEFERRED COMPENSATION PLAN SUMMARY EXPLANATION OF THE PLAN AUBURN UNIVERSITY 457(b) DEFERRED COMPENSATION PLAN SUMMARY EXPLANATION OF THE PLAN Effective September 6, 2012 AUBURN UNIVERSITY 457(b) DEFERRED COMPENSATION PLAN SUMMARY EXPLANATION OF THE PLAN TABLE

More information

PRO-SPHERE 401(K) PLAN SUMMARY PLAN DESCRIPTION

PRO-SPHERE 401(K) PLAN SUMMARY PLAN DESCRIPTION PRO-SPHERE 401(K) PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1 ARTICLE I PARTICIPATION IN THE

More information

Nevada Public Employees Deferred Compensation Program Plan Document (Attachment A)

Nevada Public Employees Deferred Compensation Program Plan Document (Attachment A) Nevada Public Employees Deferred Compensation Program Plan Document (Attachment A) Amended and Effective February 25, 2016 Table of Contents Purpose... 6 1.1 Plan Definitions... 7 2.1 Enrollment... 12

More information

Item IRA Version 401(k) Version Plan type. Individual IRA for each Cash or deferred profit sharing plan.

Item IRA Version 401(k) Version Plan type. Individual IRA for each Cash or deferred profit sharing plan. The Small Business Job Protection Act of 1996 created an entirely new type of retirement plan called SIMPLE, an acronym that stands for Savings Incentive Match Plan for Employees. It is available for any

More information

Non-Deductible/ROTH IRA Disclosure Statement

Non-Deductible/ROTH IRA Disclosure Statement UBS Trust Company of Puerto Rico Non-Deductible/ROTH IRA Disclosure Statement UBS Trust Company of Puerto Rico ( UBS Trust or the Trustee ), as trustee of the UBS Puerto Rico Non- Deductible/ ROTH Individual

More information

Cash or Deferred 401(k) Plan

Cash or Deferred 401(k) Plan The Basics Any profit sharing or stock bonus plan that meets certain participation requirements of IRC Sec. 40(k) can be a cash or deferred plan. An employee can agree to a salary reduction or to defer

More information

INSTRUCTIONS TO EMPLOYER. What to do when a participant terminates employment

INSTRUCTIONS TO EMPLOYER. What to do when a participant terminates employment INSTRUCTIONS TO EMPLOYER What to do when a participant terminates employment 1. Print the following distribution forms and give them to the terminated participant. The required forms include: a. Instructions

More information

THIRD AVENUE FUNDS INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA

THIRD AVENUE FUNDS INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA THIRD AVENUE FUNDS INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA TABLE OF CONTENTS COMBINED DISCLOSURE STATEMENT 3 TRADITIONAL INDIVIDUAL RETIREMENT ACCOUNT DISCLOSURE 4 ROTH INDIVIDUAL

More information

Combined Traditional/Roth IRA Kit. First Trust Retirement, Custodian. For Investments in

Combined Traditional/Roth IRA Kit. First Trust Retirement, Custodian. For Investments in Combined Traditional/Roth IRA Kit First Trust Retirement, Custodian For Investments in Table of Contents IRA PROTOTYPE PLAN AGREEMENT AND DISCLOSURE STATEMENT These are the rules you agree to abide by

More information

SUFFOLK UNIVERSITY STANDARD RETIREMENT PLAN AND VOLUNTARY TAX DEFERRED ANNUITY PLAN PLAN DOCUMENT

SUFFOLK UNIVERSITY STANDARD RETIREMENT PLAN AND VOLUNTARY TAX DEFERRED ANNUITY PLAN PLAN DOCUMENT SUFFOLK UNIVERSITY STANDARD RETIREMENT PLAN AND VOLUNTARY TAX DEFERRED ANNUITY PLAN PLAN DOCUMENT Restated as of January 1, 2009 1 TABLE OF CONTENTS ARTICLE I ESTABLISHMENT OF PLAN 1.1 Establishment of

More information

SEP IRA and IRA Adoption Agreement Disclosure and SEP Application

SEP IRA and IRA Adoption Agreement Disclosure and SEP Application SEP IRA and IRA Adoption Agreement Disclosure and SEP Application TO ESTABLISH A HILLTOP SECURITIES INC. SEP IRA AND IRA ADOPTION AGREEMENT DISCLOSURE AND SEP APPLICATION Complete and sign all portions

More information

SUMMARY PLAN DESCRIPTION. EnerNOC, Inc. 401(k) Plan

SUMMARY PLAN DESCRIPTION. EnerNOC, Inc. 401(k) Plan SUMMARY PLAN DESCRIPTION EnerNOC, Inc. 401(k) Plan EnerNOC, Inc. 401(k) Plan SUMMARY PLAN DESCRIPTION...1 I. BASIC PLAN INFORMATION...2 A. ACCOUNT...2 B. BENEFICIARY...2 C. DEFERRAL CONTRIBUTION...2 D.

More information

Excel Finance Co. 401(k) Plan

Excel Finance Co. 401(k) Plan Excel Finance Co. 401(k) Plan Summary Plan Description The Summary Plan Description (SPD) which follows is a technical document that meets the legal requirements of the Department of Labor and Internal

More information

Important : A new Individual Custodial Agreement for 403(b) Plan Accounts at Fidelity Investments

Important : A new Individual Custodial Agreement for 403(b) Plan Accounts at Fidelity Investments Important : A new Individual Custodial Agreement for 403(b) Plan Accounts at Fidelity Investments Dear Fidelity Participant: Enclosed please find the new Individual Custodial Agreement (ICA) for your 403(b)

More information

New Alternatives Fund, Inc. INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA

New Alternatives Fund, Inc. INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA New Alternatives Fund, Inc. INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA TABLE OF CONTENTS COMBINED DISCLOSURE STATEMENT 3 TRADITIONAL INDIVIDUAL RETIREMENT ACCOUNT DISCLOSURE 4

More information

Participation Notice & Summary Description SIMPLE IRA Plan

Participation Notice & Summary Description SIMPLE IRA Plan Participation Notice & Summary Description SIMPLE IRA Plan IMPORTANT: Carefully read and consider the information contained in this notice before you decide whether to start, continue or change your Salary

More information

SUMMARY PLAN DESCRIPTION. C. R. England, Inc. Profit Sharing

SUMMARY PLAN DESCRIPTION. C. R. England, Inc. Profit Sharing SUMMARY PLAN DESCRIPTION C. R. England, Inc. Profit Sharing C. R. England, Inc. Profit Sharing SUMMARY PLAN DESCRIPTION...1 I.BASIC PLAN INFORMATION... 2 A. ACCOUNT... 2 B. BENEFICIARY...2 C. DEFERRAL

More information

Exhibit 10(b). McDonald s Excess Benefit and Deferred Bonus Plan

Exhibit 10(b). McDonald s Excess Benefit and Deferred Bonus Plan Exhibit 10(b). McDonald s Excess Benefit and Deferred Bonus Plan Section 1. Introduction 1.1 The Plan. McDonald s Corporation (the Company ) has adopted the McDonald s Excess Benefit and Deferred Bonus

More information

HOOD COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN SUMMARY PLAN DESCRIPTION

HOOD COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN SUMMARY PLAN DESCRIPTION HOOD COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN ARTICLE I PARTICIPATION IN THE PLAN Am I eligible to participate in the Plan?...1

More information

SIMPLE-IRA Custodial Agreement

SIMPLE-IRA Custodial Agreement THE FIDELITY SIMPLE-IRA PLAN SIMPLE-IRA Custodial Agreement The participant whose name appears on the accompanying Application is establishing a savings incentive match plan for employees of small employers

More information

POWER SOLUTIONS INTERNATIONAL, INC. 70,000 SHARES OF COMMON STOCK TO BE ISSUED UNDER THE POWER GREAT LAKES, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN

POWER SOLUTIONS INTERNATIONAL, INC. 70,000 SHARES OF COMMON STOCK TO BE ISSUED UNDER THE POWER GREAT LAKES, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN PROSPECTUS POWER SOLUTIONS INTERNATIONAL, INC. 70,000 SHARES OF COMMON STOCK TO BE ISSUED UNDER THE POWER GREAT LAKES, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN This document relates to retirement benefits

More information

2010 SIMPLE vs SAFE HARBOR 401(k) vs TRADITIONAL 401(k) COMPARISON

2010 SIMPLE vs SAFE HARBOR 401(k) vs TRADITIONAL 401(k) COMPARISON 2010 SIMPLE vs SAFE HARBOR vs TRADITIONAL COMPARISON John M. Peterson, CPA Iris Dodson, CPA (757) 457-8440 (757) 457-8444 SIMPLE Maximum size of adopting employer No more than 100 employees earning at

More information

SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS (Alternative to IRS Safe Harbor Notice - For Participant)

SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS (Alternative to IRS Safe Harbor Notice - For Participant) SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS (Alternative to IRS Safe Harbor Notice - For Participant) This notice explains how you can continue to defer federal income tax on your retirement plan savings

More information