IRA Adoption Agreement And Plan Document
A contract between an IRA holder and the financial institution that explains the provisions of the holder's IRA plan. Investopedia Says:
Things you can find in an adoption agreement and plan document include items such as allowable investments, contribution limits, rules for deducting an IRA contribution, distribution rules and the rights of the IRA owner. An IRA is not considered "established" until the IRA holder signs the agreement. Related Terms:
In-Service Withdrawal
Individual Retirement Account - IRA
IRA Conversion
Non-Qualified Distribution
Ordering Rules
Qualified Distribution
Recharacterization
Reconversion
Required Minimum Distribution - RMD
Roth IRA
Spousal IRA
Triggering Event |