*2023 IRS guidelines allow eligible employees to save up to $15,500 in a SIMPLE IRA. If you are 50 or older, you can save an additional $3,500.
Terms, Conditions, & Disclosures (all that fun legal stuff)
If electing salary deferrals, I authorize my employer to withhold the amount/percentage specified from each paycheck, which will reduce my compensation under this election (my elective deferral contributions). I may revoke or update this election at any time as permitted by my employer. My elective deferral contributions are not subject to federal (or state, if applicable) income tax until distributed from the plan. If I revoke this election, I acknowledge that, contingent upon the terms of the SIMPLE IRA Plan, I may be prohibited from submitting another Salary Deferral Election until the enrollment period immediately preceding the next plan year. The revocation or update will be effective as soon as administratively possible by my employer after they have received the notice. I also understand that my elective deferral contributions are subject to gain or loss in accordance with my selected investments.
I understand the Trust Agreement default beneficiary will apply until I make a beneficiary designation.
I understand that to comply with federal regulations, information provided on this enrollment form will be used to verify my identity. For example, my identity may be verified through the use of a database maintained by a third party. If Capital Bank and Trust Company is unable to verify my identity, I understand it may need to take action, possibly including closing my account and redeeming the shares at the current market price, and that such action may have tax consequences, including a tax penalty.
I understand that I and all shareholders at my address will receive one copy of fund documents (such as annual reports and proxy statements) unless I opt-out by calling (800) 421-4225, ext. 40.
Revive Sports Recovery SIMPLE IRA Plus Fee and Fund Disclosure
