SIMPLE XXX Sample Clauses

SIMPLE XXX. No contributions will be accepted under a SIMPLE XXX 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 XXX plan will be accepted from a SIMPLE XXX, that is, an XXX used in conjunction with a SIMPLE XXX plan, prior to the expiration of the two-year period beginning on the date the employee first participated in that employer’s SIMPLE XXX plan.

SIMPLE XXX. Attach copy of Employer’s executed IRS Form 5304-SIMPLE or original IRS Form 5305-SIMPLE (X. Xxxx Price will sign and return a copy). Check to update an existing plan:  403(b)(7), Individual 401(k), SEP-XXX, SIMPLE XXX. Provide the Plan ID below. Updates will be made according to any completed sections on this form. Plan Name Employer (Plan Sponsor) Name Street or Mailing Address City State ZIP Code Tax Identification Number (TIN) X. Xxxx Price Plan ID (existing plans only) Plan Contact Name Phone Fax E-mail Address Employee kits are available at xxxxxxxxxx.xxx/xxxxxxxx, or will be mailed if a quantity is entered here: PSW is a secure website that enables Plan Sponsors to perform certain Plan administrative functions, including new participant account setup, updating participant status, participant account maintenance, Plan contribution processing, and Confirmation of Plan Contribution Report and other report downloads. X. Xxxx Price will establish PSW access and provide Plan Sponsor a unique operator ID and temporary password by mail. Plan Sponsor agrees to accept responsibility for protecting the confidentiality of the login information. X. Xxxx Price will provide certain online services via PSW for use by Plan Sponsor in its administration of the Plan identified in Section 1. Plan Sponsor is responsible for procur- ing and operating all hardware and software to be compatible with the online services. Plan Sponsor agrees to establish participant accounts and maintain participant account information (including employment status) on PSW. Plan Sponsor is responsible for permanent retention of all Employer Sponsored Retirement Plan Participant Account forms, reviewing and verifying the accuracy of all information it (or its agent) enters directly into PSW and for promptly notifying X. Xxxx Price of any resulting errors, omissions, or inaccuracies. Employer must designate a default fund The default fund will be used if a Plan participant fails to select a X. Xxxx Price mutual fund for contributions. Plan Sponsors may wish to consider how the default investment decision may affect their status with respect to certain regulatory requirements. X. Xxxx Price Fund: Access to PSW (xxxxxxxxxx.xxx/xxx) WILL NOT be granted to any party other than the Plan Contact identified in Section 1 unless the information is completed below. By completing the information requested below and signing in Section 6, Plan Sponsor authorizes and directs X. Xxxx Price to provide unique ...

SIMPLE XXX. A SIMPLE XXX is an individual retirement account described in section 408(a), or an individual retirement annuity described in section 408(b), to which the only contributions that can be made are contributions under a SIMPLE XXX plan and rollovers or transfers from another SIMPLE XXX.