SARSEP IRA definition

SARSEP IRA means a Traditional IRA that is expected to receive contributions under a salary reduction Simplified Employer Pension (“SEP”) plan established before 1997 from an employer, as described in Section 408(k) of the Code. However, annual contributions from an Investor also may be accepted.
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Examples of SARSEP IRA in a sentence

  • You may contribute all or any part of a distribution from an IRA, other than a ▇▇▇▇ ▇▇▇ including a SEP IRA, SARSEP IRA, or SIMPLE-IRA, to a ▇▇▇▇ ▇▇▇ (“conversion contribution”) within 60 days or by means of a trustee-to-trustee transfer, provided the amount is otherwise eligible to be rolled over.

  • The Custodian will accept for the Custodial Account any or all distributions from an IRA, other than a ▇▇▇▇ ▇▇▇ (including a SEP IRA, SARSEP IRA, or a SIMPLE IRA, which consist of cash, for deposit into a ▇▇▇▇ ▇▇▇ (“conversion contribution(s)”).

  • For this purpose, the different types of IRAs are ▇▇▇▇ IRAs and Traditional IRAs (including a SEP-IRA, a SARSEP IRA, and a SIMPLE IRA).

  • An Individual Retirement Account, or Individual Retirement Annuity described in Code Section 408(a) or (b) respectively, or a non-▇▇▇▇ ▇▇▇, and shall, where the context so requires, include a Traditional IRA, SEP IRA, SARSEP IRA, SEP Traditional IRA, Rollover IRA and Combined IRA.

  • The Current Custodian (check one)* □ Traditional IRA □ Conduit IRA (direct rollover from a qualified plan or 403(b)) □ ▇▇▇▇ Contributory Account (Account start date (MM/DD/YYYY)) □ ▇▇▇▇ Converted Account (Account start date (MM/DD/YYYY)) □ SEP IRA □ SAR-SEP IRA (For plans established prior to 1/1/97) □ Employers Qualified Plan, 403(b), 401(k), etc.

  • To open a SEP IRA/SAR-SEP IRA SAR-SEP IRA Limitations A transfer and/or contributions can only be made to a SAR-SEP plan if the plan was established by 12/31/1996.

  • Mail to Baron Funds, P.O. Box 419946, Kansas City, MO 64141-6946 TYPE OF ACCOUNT TO BE TRANSFERRED (CHECK ONE)* o IRA o Conduit IRA (direct rollover from my current qualified plan or 403(b)) ▇ ▇▇▇▇ Contributory Account (Account start date --/--/--) ▇ ▇▇▇▇ Conversion Account (Account start date --/--/--) o SEP IRA o SARSEP IRA (For plans established prior to 1/1/97) o SIMPLE IRA transfer to a SIMPLE IRA o Employers Qualified Plan, 403(b), 401(k), etc..

  • The maximum annual contribution limit for your ▇▇▇▇ ▇▇▇ is reduced by the amount of any contributions you make to any other IRAs, including Traditional IRAs, but excluding any employer contributions, such as salary deferral contributions made to a SARSEP IRA or a SIMPLE IRA, for the particular tax year.

  • An Individual Retirement Account, or Individual Retirement Annuity described in Code Section 408(a) or (b) respectively, or a non-R▇▇▇ ▇▇▇, and shall, where the context so requires, include a Traditional IRA, SEP IRA, SARSEP IRA, SEP Traditional IRA, Rollover IRA and Combined IRA.

  • Because your Regular, Spousal, SEP or SAR-SEP IRA may be opened and funded up until the regular tax-filing date (without extensions) for that year (for example April 15, 1997 for a 1996 plan) it is possible to contribute for two years at the same time.

Related to SARSEP IRA

  • Single Employer Plan any Plan which is covered by Title IV of ERISA, but which is not a Multiemployer Plan.

  • Multiple Employer Plan means a Plan which has two or more contributing sponsors (including the Borrower or any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • qualifying age for state pension credit means (in accordance with section 1(2)(b) and (6) of the State Pension Credit Act 2002)—

  • Multiple employer welfare arrangement means a “multiple employer welfare arrangement” within the meaning of Section 3(40) of ERISA.