Common use of SEP-XXX Clause in Contracts

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

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