SIMPLE IRA Limits. No contributions will be accepted under a SIMPLE IRA plan established by any employer pursuant to Code Section 408(p). Also, no transfer or rollover of funds attributable to contributions made by a particular employer under its SIMPLE IRA plan will be accepted from a SIMPLE IRA, that is, an IRA used in conjunction with a SIMPLE IRA plan, prior to the expiration of the two-year period beginning on the date the employee first participated in that employer’s SIMPLE IRA plan.
SIMPLE IRA Limits. No Contribution shall be allowed into the Contract under a SIMPLE IRA Plan established by any employer pursuant to Code Section 408(p). Also, no transfer or rollover of funds attributable to contributions made by a particular employer under its SIMPLE IRA Plan shall be allowed into the Contract from a SIMPLE IRA prior to the expiration of the 2-year period beginning on the date the individual Owner first participated in that employer's SIMPLE IRA Plan.
SIMPLE IRA Limits. No contributions to this Xxxx XXX Contract will be accepted under a SIMPLE IRA Plan established by any employer pursuant to Code section 408(p). Also, no transfer or rollover of funds to this Xxxx XXX Contract and attributable to contributions made by a particular employer under its SIMPLE IRA Plan will be accepted from a SIMPLE IRA Plan prior to the expiration of the 2-year period beginning on the date the Owner first participated in that employer's SIMPLE IRA Plan. (e) RECHARACTERIZATION. A regular contribution to a nonRoth IRA may be recharacterized pursuant to the rules in section 1.408A-5 of the regulations as regular contribution to this Xxxx XXX, subject to the limits in (b) above. (f)
SIMPLE IRA Limits. You cannot contribute to either a Traditional IRA or a Xxxx XXX under a SIMPLE IRA plan estab- lished by an employer pursuant to Code section 408(p). Also, no transfer or rollover of funds attributable to contributions made by a particular employer under its SIMPLE IRA plan can be made to either a Traditional IRA or a Xxxx XXX from a SIMPLE IRA prior to the expiration of the 2-year period beginning on the date you first participated in that employer’s SIMPLE IRA plan.
