Participant Rollover Contributions from IRAs Sample Clauses

The "Participant Rollover Contributions from IRAs" clause allows individuals to transfer funds from their Individual Retirement Accounts (IRAs) into an employer-sponsored retirement plan. This process typically involves the participant requesting a direct rollover of eligible assets from their IRA to the new plan, subject to plan rules and IRS regulations. The core function of this clause is to facilitate the consolidation of retirement savings, making it easier for participants to manage their retirement funds and potentially access additional investment options or benefits offered by the employer's plan.
Participant Rollover Contributions from IRAs. 1. The Plan will accept a Participant Rollover Contribution of the portion of a distribution from an Individual Retirement Account or Annuity described in Code §408(a) or 408(b) that is eligible to be rolled over and would otherwise be includible in gross income. 2. The Plan will not accept a Participant Rollover Contribution of the portion of a distribution from an Individual Retirement Account or Annuity described in Code Section 408(a) or 408(b) that is eligible to be rolled over and would otherwise be includible in gross income.
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Participant Rollover Contributions from IRAs. The Plan will accept a rollover contribution of the portion of a distribution from a traditional IRA that is eligible to be rolled over and would otherwise be includible in gross income. Rollovers from ▇▇▇▇ IRAs or a ▇▇▇▇▇▇▇▇▇ Education Savings Account (formerly known as an Education IRA) are not permitted because they are not traditional IRAs. A rollover from a SIMPLE IRA is allowed if the amounts are rolled over after the individual has been in the SIMPLE IRA for at least two years.
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Participant Rollover Contributions from IRAs. If the Employer’s 403(b) Plan permits, the Custodial Agreement: will will not accept a Participant Rollover Contribution of the portion of a distribution from an individual retirement account or annuity described in Section 408(a) or 408(b) of the Code that is eligible to be rolled over and would otherwise be includible in gross income.
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Participant Rollover Contributions from IRAs. The Plan will accept a rollover contribution of the portion of a distribution from a traditional IRA that is eligible to be rolled over and would otherwise be includible in gross income. Rollovers from ▇▇▇▇ IRAs or a ▇▇▇▇▇▇▇▇▇ Education Savings Account (formerly known as an Education IRA) are not permitted because they are not traditional IRAs. A rollover from a SIMPLE IRA is allowed if the amounts are rolled over after the individual has been in the SIMPLE IRA for at least two years. The Affiliated Employer, by executing this Participation Agreement, elects to become a Participating Employer in the Plan, to continue participation in the Plan or to cease status as a Participating Employer. The Participating Employer accepts, and agrees to be bound by, all of the elections granted under the provisions of the Prototype Plan as made by the Signatory Employer to the Execution Page of the Adoption Agreement, except as otherwise provided in this Participation Agreement. The Participating Employer also agrees to the Signatory Employer's future amendment or termination of the Plan in accordance with Articles VIII and XI of the Plan. [Note: Each Participating Employer must execute a separate Participation Agreement.] A. AFFILIATED EMPLOYER INFORMATION a. Name: b. Address: Street City State Zip
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Participant Rollover Contributions from IRAs. The Plan will accept a rollover contribution of the portion of a distribution from a traditional IRA that is eligible to be rolled over and would otherwise be includible in gross income. Rollovers from ▇▇▇▇ IRAs or a ▇▇▇▇▇▇▇▇▇ Education Savings Account (formerly known as an Education IRA) are not permitted because they are not traditional IRAs. A rollover from a SIMPLE IRA is allowed if the amounts are rolled over after the individual has been in the SIMPLE IRA for at least two years. Interest Assumptions Interest Assumptions Age 7.5% 8.0% 8.5% Years prior to NRA 7.5% 8.0% 8.5% 55 124.24 119.46 115.01 45 0.038603 0.031328 0.025448 56 122.23 117.61 113.31 44 0.041498 0.033834 0.027612 57 120.15 115.70 111.54 43 0.044610 0.036541 0.029959 58 118.01 113.72 109.71 42 0.047956 0.039464 0.032505 59 115.81 111.69 107.83 41 0.051553 0.042621 0.035268 60 113.55 109.59 105.89 40 0.055419 0.046031 0.038266 61 111.23 107.41 103.88 39 0.059576 0.049713 0.041518 62 108.86 105.23 101.83 38 0.064041 0.053690 0.045047 63 106.41 102.98 99.72 37 0.068847 0.057986 0.048876 64 103.98 100.68 97.57 36 0.074011 0.062624 0.053031 65 101.49 98.35 95.38 35 0.079562 0.067634 0.057539 66 98.97 95.98 93.16 34 0.085529 0.073045 0.062429 67 96.41 93.60 90.92 33 0.091943 0.078889 0.067736 68 93.89 91.21 88.66 32 0.098839 0.085200 0.073493 69 91.31 88.78 86.37 31 0.106252 0.092016 0.079740 70 88.70 86.30 84.03 30 0.114221 0.099377 0.086518 71 86.04 83.79 81.65 29 0.122787 0.107327 0.093872 72 83.35 81.24 79.22 28 0.131997 0.115914 0.101851 73 80.64 78.66 76.77 27 0.141896 0.125187 0.110509 74 77.91 76.06 74.29 26 0.152538 0.135202 0.119902 75 75.18 73.45 71.80 25 0.163979 0.146018 0.130094 76 72.45 70.85 69.31 24 0.176277 0.157699 0.141152 77 69.75 68.26 66.83 23 0.189498 0.170315 0.153150 78 67.07 65.70 64.37 22 0.203710 0.183940 0.166167 79 64.42 63.14 61.92 21 0.218989 0.198656 0.180291 80 61.78 60.61 59.48 20 0.235413 0.214548 0.195616 19 0.253069 0.231712 0.212241 18 0.272049 0.250249 0.230284 17 0.292453 0.270269 0.249859 16 0.314387 0.291890 0.271097 15 0.337966 0.315242 0.294140 14 0.363313 0.340461 0.319142 13 0.390562 0.367698 0.346269 12 0.419854 0.397114 0.375702 11 0.451343 0.428883 0.407636 10 0.485194 0.463193 0.412285 9 0.521583 0.500249 0.479880 8 0.560702 0.540269 0.520669 7 0.602755 0.583490 0.564926 6 0.647961 0.630169 0.612945 5 0.696558 0.680583 0.665045 4 0.748800 0.735030 0.721574 3 0.804960 0.793832 0.782908 2 0.865333 0.857339 0.849455 1 0.930233 0.925926 0.921659...
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Participant Rollover Contributions from IRAs. The Plan will accept a Participant rollover contribution of the portion of a distribution from an individual retirement account or annuity described in Section 408(a) or 408(b) of the Code that is eligible to be rolled over and would otherwise be includible in gross income. EFFECTIVE DATE OF DIRECT ROLLOVER AND PARTICIPANT ROLLOVER CONTRIBUTION PROVISIONS:
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Participant Rollover Contributions from IRAs. The Plan will accept a rollover contribution of the portion of a distribution from a traditional IRA that is eligible to be rolled over and would otherwise be includible in gross income. Rollovers from ▇▇▇▇ IRAs or a ▇▇▇▇▇▇▇▇▇ Education Savings Account (formerly known as an Education IRA) are not permitted because they are not traditional IRAs. A rollover from a SIMPLE IRA is allowed if the amounts are rolled over after the individual has been in the SIMPLE IRA for at least two years. (An amendment to the Adoption Agreement is not needed solely to reflect a change in this Employer Information Section.) 1. EMPLOYER'S NAME, ADDRESS, TELEPHONE NUMBER, TIN AND FISCAL YEAR Name: Central Texas Regional Mobility Authority Address: ▇▇▇▇ ▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇ Street Austin Texas 78705-1849 City State Zip Telephone: ▇▇▇-▇▇▇-▇▇▇▇ Taxpayer Identification Number (TIN): ▇▇-▇▇▇▇▇▇▇ Employer's Fiscal Year ends: June 30th 2. TYPE OF GOVERNMENTAL ENTITY. This Plan may only be adopted a state or local governmental entity, or agency thereof, including an Indian tribal government and may not be adopted by any other entity, including a federal government and any agency or instrumentality thereof. a. [ ] State government or state agency b. [X] County or county agency c. [ ] Municipality or municipal agency d. [ ] Indian tribal government (see Note below) e. [ ] Other:
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Participant Rollover Contributions from IRAs. The Custodial Agreement will not accept a Participant Rollover Contribution of the portion of a distribution from an individual retirement account or annuity described in Section 408(a) or 408(b) of the Code that is eligible to be rolled over and would otherwise be includible in gross income.
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Related to Participant Rollover Contributions from IRAs

  • Rollover Contributions An amount which qualifies as a rollover contribution pursuant to the Federal Internal Revenue Code may be transferred to and paid under this contract as a contribution for a Participant. Prudential may require proof that the amount paid so qualifies.

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.

  • Employer Contributions 16.01 Employer contributions shown in the tables in the attached appendices shall be made on all hours of work performed which are included in computing the eight (8) hours per day and forty (40) hours per week after which overtime is payable and shall be recorded on a standard remittance report provided by the Union and remitted on or before the fifteenth (15th) day of the month following the month for which contributions are due and payable, to the Trust Funds. Hours of work performed are interpreted to mean daily travel time, daily working time, reporting time, and, if the employee is required to perform a welding test, testing time. Contributions for overtime hours will be calculated as straight time hours. The Employer shall provide each employee covered by this Agreement with a statement with each weekly paycheque stating the total number of hours reported for contributions to the Pension and Health & Welfare Funds on behalf of that employee for the period covered by the paycheque. 16.02 All such funds due and payable to the above funds shall be deemed and are considered to be Trust Funds. It is expressly understood that training funds are not wages or benefits due to an employee and industry promotion funds are deemed to be dues for services rendered by the Association. 16.03 The Board of Trustees of the respective Trust Funds shall have authority to promulgate such agreements, plans and/or rules as may be necessary or desirable for the efficient and successful operation and administration of the said Trust Fund, including provisions for an audit, security, surety and/or liquidated damages to the extent that such may be necessary for the protection of the beneficiaries of such Trust Funds. In the event that any Employer is delinquent in his contributions to the above funds for more than thirty (30) days, the Employer and the Association shall be notified of such delinquency. If after five (5) days from such notice such delinquency has not been paid, the Employer shall pay to the applicable funds as liquidated damages, and not as a penalty, an amount equal to ten percent (10%) of the arrears for the month, or part thereof, in which the Employer is in default. Thereafter interest shall accumulate at the rate of two percent (2%) per month (24% per year compounded monthly) on any unpaid arrears, including liquidated damages. 16.04 Any and all agreements, plans or rules established by the Boards of Trustees of the respective Trust Funds shall be appended hereto and shall be deemed to be part of and expressly incorporated herein and the Employer and the Union shall be bound by the terms and provisions thereof. 16.05 The Employer shall not be required to make additional contributions or payments to any Industry Funds established by the Union or its Local Unions nor to any such funds established by Provincial or Territorial Government orders, regulations, or decrees for the purpose of providing similar benefits, it being understood and agreed that the contributions for herein, or any portions thereof shall be deemed to be in lieu of and/or shall be applied as payments to such funds. This provision shall not be applicable to any national funds or plans having general application and established by an Act of the Government of Canada. 16.06 In the Province of Ontario, the Trustees/Administrator of the employee benefit funds referred to in this Agreement shall promptly notify the Local Union of the failure by any Employer to pay any employee benefit contributions required to be made under this Agreement and which are owed under the said funds in order that the Program Administrator of the Ontario Employee Wage Protection Program may deem that there has been an assignment of compensation under the said Program in compliance with the Regulations to the Ontario Employment Standards Amendment Act, 1991, in relation to the Ontario Employee Wage Protection Program. 16.07 The parties hereto agree that contribution rates for the trust funds listed herein do not include any Provincial or Federal taxes.

  • Rollover Contributions and Transfers The Custodian shall have the right to receive rollover contributions and to receive direct transfers from other custodians or trustees. All contributions must be made in cash or check.