Common use of Active Participant Clause in Contracts

Active Participant. You could be an active participant in one of the will process, movements of assets to and from IRAs. We or any other following employer-sponsored retirement plans: financial organizations involved in the transaction may require a. a qualified pension, profit sharing, 401(k), money purchase documentation for such activities. pension, employee stock ownership plan, or stock bonus plan; 1. IRA-to-IRA Transfers. You may transfer all or a portion of your b. a SEP plan; traditional IRA assets from one traditional IRA to another traditional c. a SIMPLE IRA or SIMPLE 401(k) plan; IRA. An IRA transfer means that the IRA assets move from one d. a qualified annuity plan of an employer; IRA to another IRA in a manner that prevents you from cashing or e. a tax-sheltered annuity plan for employees of certain tax-exempt liquidating the IRA assets, or even depositing the assets anywhere organizations or public schools; except in the receiving IRA. Transfers are not taxable or reportable, f. a Section 501(c)(18) trust; and the IRS does not impose timing or frequency restrictions on g. an H.R. 10 or ▇▇▇▇▇ plan (for self-employed individuals); or transfers. You may be required to complete a transfer authorization h. a plan for federal, state, or local government employees or by form prior to transferring your IRA assets. an agency or instrumentality thereof (other than a section 457(b) 2. IRA-to-IRA Rollovers. An IRA rollover is another way to move plan). assets tax-free between IRAs. You may roll over all or a portion of For assistance in determining whether you (or your spouse) are an your IRA assets by taking a distribution from an IRA and active participant, see your employer or a tax or legal professional. recontributing it as a rollover contribution into the same or another IRS Form W-2, Wage and Tax Statement, as provided by your IRA. A rollover contribution is irrevocable. You must report your employer, should indicate whether you are an active participant. IRA rollover to the IRS on your federal income tax return. Your

Active Participant. You could be an active participant in one of the will process, movements of assets to and from IRAs. We or any other following employer-sponsored retirement plans: financial organizations involved in the transaction may require a. a qualified pension, profit sharing, 401(k), money purchase documentation for such activities. pension, employee stock ownership plan, or stock bonus plan; 1. IRA-to-IRA Transfers. You may transfer all or a portion of your b. a SEP plan; traditional IRA assets from one traditional IRA to another traditional c. a SIMPLE IRA or SIMPLE 401(k) plan; IRA. An IRA transfer means that the IRA assets move from one d. a qualified annuity plan of an employer; IRA to another IRA in a manner that prevents you from cashing or e. a tax-sheltered annuity plan for employees of certain tax-exempt liquidating the IRA assets, or even depositing the assets anywhere organizations or public schools; except in the receiving IRA. Transfers are not taxable or reportable, f. a Section 501(c)(18) trust; and the IRS does not impose timing or frequency restrictions on g. an H.R. 10 or ▇▇▇▇▇ Keogh plan (for self-employed individuals); or transfers. You may be required to complete a transfer authorization h. a plan for federal, state, or local government employees or by form prior to transferring your IRA assets. an agency or instrumentality thereof (other than a section 457(b) 2. IRA-to-IRA Rollovers. An IRA rollover is another way to move plan). assets tax-free between IRAs. You may roll over all or a portion of For assistance in determining whether you (or your spouse) are an your IRA assets by taking a distribution from an IRA and active participant, see your employer or a tax or legal professional. recontributing it as a rollover contribution into the same or another IRS Form W-2, Wage and Tax Statement, as provided by your IRA. A rollover contribution is irrevocable. You must report your employer, should indicate whether you are an active participant. IRA rollover to the IRS on your federal income tax return. Your