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Printable Form 5305-S Shreveport Louisiana: What You Should Know

The plan must meet all the provisions of section 401(a) of the Code and must be funded with a qualified plan or a qualified retirement plan; or The plan meets all the requirements of section 805(b)(5)(A) of the Code and there is no provision for the exclusion of the amount of the employee contribution to the employees' behalf. The account must be funded with a qualified plan or a qualified retirement plan. The plan is not a “qualified plan” for purposes of section 401(a) of the Code (ii) the designated beneficiary is the participant's parent, the remaining Form 5305-SA is a model Custodial Account agreement that meets the formulary requirements of Sections 408(a) and 408(o) and has (A) a participant identification and/or name(s) of the account beneficiary(s); and (B) the plan must be covered by the requirements of Internal Revenue Code Section 5541(a)(1)(A), with respect to retirement benefits. For more information, refer to the instructions for your plan.

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