SEP IRA Sample Clauses

SEP IRA. If your employer offers a Simplified Employee Pension Plan (SEP), a separate IRA may be established to receive your employer’s contributions under the SEP arrangement. All SEP contributions are tax deductible to the employer, and any earnings grow tax deferred until distributed.

SEP IRA. Choose this option if the Depositor intends to use this account in connection with a SEP Plan or grandfathered SARSEP Plan established by the Depositor's employer.

SEP IRA. If this Contract is intended to qualify as a SEP IRA, we agree to and reserve the right to modify this Contract to the extent necessary to qualify this Contract as a SEP IRA as described in Code Sections 408(b) and 408(k), as amended and all related sections and regulations which are in effect during the term of this Contract.

SEP IRA. If your IRA is used as a SEP-IRA because your employer maintains a Simplified Employee Pension ("SEP") plan and makes SEP contributions to your IRA, it is solely your responsibility to retain your employer's SEP plan document and/or disclosures and to confirm with your employer that SEP-IRA contributions made to your IRA are appropriate. Folio's sole responsibility is to receive and record keep designated SEP contributions made to your IRA by your employer. Your IRA cannot be used to fund an active Salary Deferral SEP or "SARSEP".

SEP IRA. In addition to the contributions otherwise permitted under this Section 2, your employer (including a self-employed individual) may make simplified employee pension (as defined in Code section 408(k)) (“SEP”) contributions for the Year to your Traditional IRA, according to the following rules:

SEP IRA. A SEP-IRA is designed to hold any tax-deductible employ- er contributions to a simplified employee pension (“SEP”) plan and employee pre-tax contributions, if the SEP permits them. It may also hold the Traditional IRA contributions of a participant in the SEP plan. (See item 7.)