Financial Institution Where ▇▇▇ Is Established To Provide Information Sample Clauses

Financial Institution Where ▇▇▇ Is Established To Provide Information. The financial institution must provide you with a disclosure statement that contains the following items of information in plain nontechnical language: 1. The statutory requirements that relate to the ▇▇▇; 2. The tax consequences that follow the exercise of various options and what those options are; 3. Participation eligibility rules, and rules on the deductibility and nondeductibility of retirement savings; 4. The circumstances and procedures under which you may revoke the ▇▇▇, including the name, address, and telephone number of the person designated to receive notice of revocation (this explanation must be prominently displayed at the beginning of the disclosure statement); 5. Explanations of when penalties may be assessed against you because of specified prohibited or penalized activities concerning the ▇▇▇; and 6. Financial disclosure information which: (a) Either projects value growth rates of the ▇▇▇ under various contribution and retirement schedules, or describes the method of computing and allocating annual earnings and charges which may be assessed; (b) Describes whether, and for what period, the growth projections for the plan are guaranteed, or a statement of earnings rate and terms on which these projections are based; and (