Common Contracts
1 similar Simplified Employee Plan Agreement contracts
Simplified Employee Plan AgreementSimplified Employee Plan Agreement • May 4th, 2018 • South Dakota
The individual whose name appears on the accompanying IRA Application Form (hereinafter called "Depositor" and/or “Employee”) is establishing a Prototype Simplified Employee Pension Plan Account (hereinafter a “Custodial Account”, “Depositor’s Account”, “Employee’s Account”, “Account” and/or “Plan”) with New Vision Trust Company, a State Chartered South Dakota Trust Company (herein referenced to as “Custodian”). This traditional Individual Retirement Plan is established, under 408(a) of the Internal Revenue Code, for the exclusive benefit of the Depositor (or his or her beneficiaries) within the meaning of §408(a) of the Internal Revenue Code (“Code”) and the related Treasury regulations (“Regulation(s)”). The Custodian has delegated certain Custodial Account recordkeeping and administrative functions (“Administrative Services”) to American IRA, LLC, a North Carolina limited liability company (the “Administrator”). The Custodian and the Depositor hereby make the following agreement (“A
