Transmission of Elective Deferrals. An Employer shall deposit such Elective Deferrals into the Participant’s SIMPLE IRA under the Plan in a form and manner acceptable to the Custodian and as soon as such contributions can be reasonably segregated from the Employer’s general assets, but no later than the close of the 30-day period following the last day of the month in which the amounts were withheld from the Employee’s Compensation.
Appears in 4 contracts
Samples: Plan Agreement, Plan Agreement, Plan Agreement
Transmission of Elective Deferrals. An Employer shall deposit such Elective Deferrals into the Participant’s SIMPLE SIMPLE-IRA under the Plan in a form and manner acceptable to the Custodian and as soon as such contributions contribu- tions can be reasonably segregated from the Employer’s general assets, but no later than the close of the 30-day period following the last day of the month in which the amounts were withheld from the Employee’s Compensation.
Appears in 1 contract
Samples: Simple Ira Plan
