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5304-simple (rev. 9-2008) Form: What You Should Know

SIMPLE IRA Plan described. In the plan, each eligible employee, prior to attaining age 59 ½, may apply to his or her employer for a SIMPLE IRA. Each month, the employee has the right to select an Eligible Bank. For information on selecting one, see the section on “Selecting a Bank.” Article IV—Employee Eligibility; Excluded Employees  Plan of Organization  Plan of Organization. Plan of Organization. In this plan, the following must be true: (a) the employee is also receiving the salary of the employee's employee and (b) the employee is eligible for an immediate annuity from the employer. Plan of Organization. In this plan, the following must be true: (a) the employee is also receiving the salary of the employee's employee and (b) the employee is eligible for an immediate annuity from the employer. Plan of Organization; Excluded Employees (a) plan does not provide for a defined benefit plan and instead provides for a defined contribution plan; and (b) the company's primary objective for the plan is to provide for the payment to employees under the plan of the amounts specified in the contribution tables contained in the plan, as determined by the administrator, Plan of Organization; Excluded Employees. In accordance with the employee's application to his or her employer. Article IV — Employee Eligibility; Excluded Employees Form 5304-IN-PROGRESS. Name and Employer's name. Form 5304-IN-PROGRESS. Name and Employer's name. The Plan of Organization The Plan of Organization must contain the following items: 1. The Plan and its documents, including the Form 5304(R) Notice sent to the employees of a covered organization. 2. A list of each employee's SIMPLE IRA eligibility. 3. A list of all defined benefit plans of the covered organization, with reference to the Employee's Eligibility and Eligible Bank. 4. The name of the administrator of the plan of organization. The List of Eligible Banks; Employee's Right to Receive a Qualifying IRA Deposit or a Qualifying Savings Account The Plan of Organization must contain the following items: 1. An item allowing such employees to elect to receive a Qualifying IRA Deposit (ROD) or Qualifying Savings Account (RSA) at the option of the employee. 2.

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Video instructions and help with filling out and completing Form 5304-simple (rev. 9-2008)

Instructions and Help about Form 5304-simple (rev. 9-2008)

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