2
Form 5306 (Rev. 8-2013)
Page
Part II
Plan Information
Attach a copy of the plan documents and indicate the article or section reference and the page number
Article or
For IRS
Page
where the following provisions appear. If an item does not apply, enter “N/A.” Sample language, or a listing
Section
Use
of required modifications (LRMs), is available on the IRS website at IRS.gov. Type “LRM” in the search box.
Number
Only
Reference
Sponsors are encouraged to use LRM language.
8a Does the IRA provide that the trust is created for the exclusive benefit of the participant
or his or her beneficiaries, or that the annuity contract must be owned only by the
annuitant?
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1/13
b Does the IRA describe the type of allowable contributions (that is, only cash except
for rollovers) and maximum limitation?
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2/14
c Does the IRA prohibit the investment of trust assets in collectibles, or contain a
statement informing individuals that an investment in collectibles, except for
investments in certain coins and precious metals, will be treated as a taxable
distribution? .
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3
d Does the IRA prohibit investment in life insurance contracts? .
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e Does the IRA provide the rules on required distributions commencing before death? .
5/15
f
Does the IRA provide the rules on required distributions commencing after death?
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6/16
g Does the IRA provide that the account is nonforfeitable?
7/17
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h Does the IRA provide that the contract is nontransferable?
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18
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Does the IRA provide for application of premium refund (other than refunds attributable
to excess contributions) before the end of the calendar year following the year of the
refund toward the payment of future premiums or the purchase of additional benefits?
19
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Does the IRA prohibit commingling assets of trusts?
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8
k Does the IRA provide that annuity contracts must have flexible premiums? .
20
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l
Does the IRA provide for a separate accounting for the interest of each employee or
member of the association? .
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9
m Does the IRA provide for annual calendar-year reports by trustees or issuers? .
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10/21
n Does the IRA require substitution of non-bank trustee or custodian when notified by
the Commissioner of the Internal Revenue Service? .
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11
o Does the IRA define compensation? .
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12/22
5306
Form
(Rev. 8-2013)