Simplified employee pension definition

Simplified employee pension means a trust, custodial arrangement, or annuity under Section 408, Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).
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Simplified employee pension means a simplified employee pension as defined in Code Section 408(k).
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Simplified employee pension means a trust,
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Examples of Simplified employee pension in a sentence

  • Simplified employee pension (‘‘SEP’’) plans under section 408(k) and SIMPLE IRA plans under section 408(p) are employer-sponsored retirement plans funded using IRAs for employees.

  • Simplified employee pension (“SEP”) plans under section 408(k) and SIMPLE IRA plans under section 408(p) are employer-sponsored retirement plans funded using IRAs for employees.

  • Simplified employee pension (SEP) is a written arrangement that allows your employer to make deductible contributions to a traditional IRA (a SEP IRA) set up for you to receive such contributions.

  • Simplified employee pension contributions are not included in your income until they are distributed to you.

  • Members of the PublicThere were no questions from members of the public.

  • Simplified employee pension (SEP) plans under section 408(k) and SIMPLE IRA plans under section 408(p) are employer-sponsored plans funded through contributions by the employer to an IRA established for each employee.

  • Expulsion – The Board may expel any pupil from the regular school setting for misconduct as defined by law.

  • Simplified employee pension IRAs (SEP IRAs) described under section 408(k).

  • Those accounts include: • Traditional individual retirement account (IRA)• Simplified employee pension (SEP) IRA• Savings incentive match plan for employees (SIMPLE) IRA• Traditional 401(k)• Roth 401(k)• 403(b)• 457(b) Roth IRAs are not subject to RMDs during the original account owner’s lifetime, as we note in “7 Secret Perks of Individual Retirement Accounts.” The deadline for your first RMD — the one for the year in which you turn 70½ — is different.

  • Secretary, Treasurer, Scientific Committee chairman or Editor KJO, with effect from 2009) for at least one term, is eligible for the post of the vice-president.


More Definitions of Simplified employee pension

Simplified employee pension means a trust, custodial arrangement, or annuity under Section 408, Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).Added by Acts 2009, effective January 1, 2014. Sec. 61 of HB 2912 provides: “(a) The changes in law made by Section 111.051, Estates Code, as amended by this Act, and Section 111.054, Estates Code, as added by this Act, represent the fundamental policy of this state for the protection of its residents and are intended to prevail over the laws of another state or jurisdiction, to the extent those laws are in conflict with Texas law. (b) The changes in law made by Section 111.051, Estates Code, as amended by this Act, and Section 111.054, Estates Code, as added by this Act, apply to an account at a financial institution, an insurance contract, an annuity contract, a retirement account, a beneficiary designation, or another similar arrangement of a person who dies on or after the effective date of this Act.”Sec. 111.052. Validity of Certain Nontestamentary Instruments and Provisions.‌‌
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Simplified employee pension or "SEP" shall mean a Custodial Account established by an individual whose employer has adopted a simplified employee pension plan under Code section 408(k) where such plan permits the establishment of such accounts.
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Simplified employee pension means a trust, custodial arrangement, or annuity under Section 408, Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).Added by Acts 2009.§111.052. Validity of Certain Nontestamentary Instruments and Provisions.‌‌
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Simplified employee pension means a trust, custodial arrangement, or annuity under Section 408, Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)). (Tex. Prob. Code, Secs. 450(a) (part), (c).)
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Simplified employee pension. Plan An individual retirement account which meets the requirements of Code Section 408(k), and to which the Employer makes contributions pursuant to a written formula. These plans are considered for contribution limitation and Top-Heavy testing purposes.
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Related to Simplified employee pension

  • Multiemployer Pension Plan means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which Borrower or any member of the Controlled Group may have any liability.

  • Qualified employee means an individual who:

  • ERISA means the Employee Retirement Income Security Act of 1974, as amended.

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;