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MFS SIMPLE IRAEmployee Resource GuideMFS SIMPLE IRA Plan Everything you need to open an account
INSTRUCTIONSStep 1.Complete the MFS SIMPLE IRA Application (Form A).Step 2.Make all checks payable to “MFS Heritage Trust Company.”For SIMPLE IRA TransfersSend the transfer form (Form B) along with your application to MFS .For RolloversIf you are rolling over assets from another SIMPLE IRA, Traditional IRA, or EmployerSponsored Retirement Plan within 60 days, mark “Rollover check attached”in Section 3of the application and send the application with your check to MFS.Be sure to keep the MFS SIMPLE IRA Disclosure Statement, theForm 5305-S SIMPLE Individual Retirement Trust Account, and acopy of your application for your records.The mailing addresses for all forms and checks areRegular mailOvernight mailMFS Service Center, Inc.P.O. Box 219341Kansas City, MO 64121-9341MFS Service Center, Inc.Suite 219341430 W 7th StreetKansas City, MO 64105-1407If you have any questions about this form, please contact the MFS Retirement PlanService Department at 1-800-637-1255 any business day.
FORM AMFS SIMPLE IRA APPLICATION To help the government fight the funding of terrorism and money laundering activities, federal law requires all financialinstitutions to obtain, verify, and record information that identifies each person who opens an account.You must provide the following information for each person listed on the account: name, date of birth, Social Securitynumber or taxpayer identification number, and residential address (a P.O. Box is not acceptable). We also may ask to seeyour driver’s license or other identifying documents. In the event that MFSC, on behalf of the fund, is unable to verifythe identity of investors, MFSC and the fund reserve the right to take additional steps up to and including closing theaccount if required by applicable law.1. Investor InformationThe MFS Family of Funds is generally only available to U.S. residents classified as U.S. Persons for federal tax purposes.A U.S. Person is a citizen or resident alien of the United States. Both the residential address and mailing address providedmust be a U.S. address.FIRST NAMEMI--SOCIAL SECURITY NUMBERLAST NAME//DATE OF BIRTH (MM/DD/YYYY)I AM A MINOR(Parent or Guardian must sign this form)TELEPHONE NUMBERSTREET ADDRESS REQUIRED (NO P.O. BOXES)CITYSTATEZIP CODESTATEZIP CODEMAILING ADDRESSCITY2. Employer InformationCOMPANY NAMEEXISTING PLAN AT MFS?YESNOIF YES, PROVIDE THE EXISTING PLAN NUMBER.EXISTING PLAN NUMBERPLAN MAILING ADDRESSCITYSTATEPHONE NUMBERCONTACT NAMEZIP CODEpage 1 of 5
FORM A3. Select Your InvestmentsPlease see the MFS Family of Funds list for MFS fund numbers. Initial minimum investment is 25 per fund.The enclosed contributions are for tax year.Rollover check attached (Within 60 days of your receipt from another SIMPLE IRA, a traditional IRA, or an Employer Sponsored Retirement Plan)Note: Internal Revenue Service rules allow only one IRA-to-IRA rollover in any twelve-month time period, regardlessof the number of IRAs an individual has or the types of IRAs (including traditional, Roth, SEP, and SIMPLE IRAs).Exceeding this limit, even if the prior rollover involved a different type of IRA, will result in an excess contribution toyour IRA subject to taxation and penalties. Roth conversions (rollovers from traditional IRAs to Roth IRAs), rolloversbetween qualified plans and IRAs, and trustee-to-trustee transfers (direct transfers of assets from one IRA trustee toanother) are not subject to the one-per-year limit and are disregarded in applying the limit to other rollovers. You maywant to consult with your tax advisor before making a rollover.FUND NUMBERPERCENTAGE TOTALPERCENTAGE (%)ORSALARY REDUCTION ( )EMPLOYER CONTRIBUTION ( )(Percentages must total 100%.)A 25 trustee fee will be assessed annually. The fee will be waived for accounts with a balance that exceeds 50,000 on the day such fee is assessed.Page 2 of 5
FORM A4. Dealer InformationMFS cannot accept an account application without all of the dealer information completed. This includes thesignature of an authorized person from the firm. If you are aware of additional accounts that may qualify forlinking under MFS’ ROA policy, please notify us.We authorize MFS Service Center, Inc. to act as our agent in connection with transactions under the authorizationform and agree to notify the distributor of any purchase made under the Letter of Intent or Right of Accumulation.We guarantee the investors’ signatures and certify that we have verified the identity of the investors.REGISTERED REPRESENTATIVE’S FIRST NAMEMILAST NAMEFIRM NAMEFIRM NUMBERBRANCH STREET ADDRESSCITYSTATEZIP CODEBRANCH NUMBERREGISTERED REPRESENTATIVE’S NUMBERREGISTERED REPRESENTATIVE’S PHONE NUMBERREGISTERED REPRESENTATIVE’S EMAIL ADDRESSBROKERAGE ACCOUNT NUMBER (IF APPLICABLE)MATRIX LEVELAUTHORIZED SIGNER OF BROKER/DEALER FIRM (REQUIRED)page 3 of 5
FORM A5. Beneficiary InformationIf you have additional primary or secondary beneficiaries, attach a separate list and indicate percentage.Primary Beneficiaries1. BENEFICIARY’S NAMERELATIONSHIP:SPOUSE/OTHER/DATE OF BIRTH/TRUST (MM/DD/YYYY)--SOCIAL SECURITY NUMBERPERCENTAGE (%)2. BENEFICIARY’S NAMERELATIONSHIP:SPOUSE/OTHER/DATE OF BIRTH/TRUST (MM/DD/YYYY)--SOCIAL SECURITY NUMBERPERCENTAGE (%)3. BENEFICIARY’S NAMERELATIONSHIP:SPOUSE/OTHER/DATE OF BIRTH/TRUST (MM/DD/YYYY)--SOCIAL SECURITY NUMBERPERCENTAGE (%)TOTAL (MUST ADDUP TO 100%)Secondary Beneficiaries (if the primary beneficiary/ies should fail to survive me)1. BENEFICIARY’S NAMERELATIONSHIP:SPOUSE/OTHER/DATE OF BIRTH/TRUST (MM/DD/YYYY)--SOCIAL SECURITY NUMBERPERCENTAGE (%)2. BENEFICIARY’S NAMERELATIONSHIP:SPOUSE/OTHER/DATE OF BIRTH/TRUST (MM/DD/YYYY)--SOCIAL SECURITY NUMBERPERCENTAGE (%)3. BENEFICIARY’S NAMERELATIONSHIP:SPOUSE/OTHER/DATE OF BIRTH/TRUST (MM/DD/YYYY)-SOCIAL SECURITY NUMBER-PERCENTAGE (%)TOTAL (MUST ADDUP TO 100%)Page 4 of 5
FORM A6. Trustee AcceptanceMFS Heritage Trust CompanySM shall serve as Trustee under this FORM 5305-S SIMPLE Individual Retirement TrustAccount only: (1) for the MFS Family of Funds, (2) in accordance with the terms and conditions of the Trust Agreement,and (3) provided that the required forms are properly completed and received by MFSC. The Trustee’s acceptance ofyour SIMPLE IRA will be acknowledged by written confirmation from MFS of your initial purchase. This confirmation willreference your account “MFS Heritage Trust Company as Trustee for [your name] SIMPLE IRA.”7. Investor SignatureI hereby establish an MFS SIMPLE IRA Trust, appoint MFS Heritage Trust Company as Trustee, and: (1) acknowledge thatI have received and read the current prospectus(es) for the funds chosen in Section 3 and the appropriate MFS SIMPLEIRA Disclosure Statement and Form 5305-S SIMPLE Individual Retirement Trust Account and (2) certify that, underpenalty of perjury, my Social Security number shown on page 1 is correct. I understand that MFSC may use informationprovided on this application to verify the identity of investors. In the event that MFSC, on behalf of the fund, is unableto verify the identity of investors, MFSC and the fund reserve the right to take additional steps, up to and includingclosing the account, if required by applicable law.INVESTOR’S SIGNATURE(OR SIGNATURE OF PARENT OR GUARDIAN, IF INVESTOR IS A MINOR)DATE (MM/DD/YYYY)PRINT NAMESIGNATURE OF SPOUSE(ONLY REQUIRED IN COMMUNITY PROPERTY STATES, WHEN DESIGNATED BENEFICIARY IS NOT YOUR SPOUSE)DATE (MM/DD/YYYY)PRINT NAMEWITNESS TO SIGNATURETESTAMENTARY DISPOSITIONS REQUIRED TO BE WITNESSED IN SOME JURISDICTIONSDATE (MM/DD/YYYY)PRINT NAMEpage 5 of 5
FORM BMFS SIMPLE IRA TRANSFER FORM Use this form to transfer your existing SIMPLE, SEP/SARSEP, Traditional IRA, or IRA Rollover with your currenttrustee to an MFS SIMPLE IRA account. If you do not have a SIMPLE IRA with MFS, please complete and attach anMFS SIMPLE Application (Form A).1. Investor InformationFIRST NAMEMI-LAST NAME-SOCIAL SECURITY NUMBERREGISTERED REPRESENTATIVE’S NAMEREGISTERED REPRESENTATIVE’S PHONE NUMBER2. Type of SIMPLE IRA TransferComplete “A” for a transfer to your new MFS SIMPLE IRA. Complete “B” only if you are transferring contributionsbeing made to your SIMPLE IRA at your designated financial institution (DFI).A. Transfer from a SIMPLE IRA currently invested or deposited in (choose one):MFS FundsFUND NUMBERS: SEE THE MFS FAMILY OF FUNDS LISTING AT THE BACK OF THIS BOOK.CDsNAME OF INSTITUTIONDATE OF MATURITY* (MM/DD/YYYY) Non-MFSInvestmentNAME OF INSTITUTIONACCOUNT NUMBER(S)NAME OF RESIGNING TRUSTEE/CUSTODIANCONTACT NAME (IF ANY)PHONE NUMBERMAILING ADDRESS OF RESIGNING TRUSTEE/CUSTODIANCITYSTATEZIP CODE*Paperwork should be received no more than two weeks prior to CD maturity date.B. I will be transferring contributions on a periodic basis from the designated financial institution (DFI).To DFI: Please transfer to my MFS SIMPLE IRA, on a periodic basis, the contributions made to the account describedabove in accordance with IRC Sec. 403(p)(7).page 1 of 3
FORM B3. Transmittal InstructionsImportant: Please select either “Transfer in kind” or “Liquidate.” Contact the resigning trustee or custodian for theirrequirements before completing this section.To resigning trustee/custodianTransfer in kind.I am requesting a transfer of sharesfrom a brokerage firm or bankSIMPLE IRA presently invested in theMFS fund(s) as indicated in Section 2.AllORPart ( I also wish to transfer my non-MFS Money Market SIMPLE IRAfrom the firm indicated in Section 2 to MFS.To resigning trustee/custodian: If this box is checked, pleaseliquidate any non-MFS money market shares and send to the MFSaddress below.) of the account described in Section 2 to my MFS IRAProceed to Section 4 unless the box requesting to transfer a non-MFS Money Market SIMPLE IRA to MFS was checked.LiquidateAllORPart ( Immediately OR) of the account described in Section 2 to my MFS IRAAt maturitySend assets as followsMail check Make check payable to “MFS Heritage Trust Company Trustee” forSIMPLE IRANAMERegular mailMFS Service Center, Inc.P.O. Box 219341Kansas City, MO 64121-9341Overnight mailMFS Service Center, Inc.Suite 219341430 W 7th StreetKansas City, MO 64105-1407Wire fundsState Street Bank and Trust Co.Boston, MA 02101ABA #011000028Credit MFS DDA Number 99034795For further credit to SIMPLE IRA forpage 2 of 3NAME
FORM B4. Investment Instructions Choose one. Open a new account (Complete and attach Form A, upon which you may indicate your investment instructions,leaving the fields below blank.) Invest in my existing MFS IRA(s) as follows (also indicate any additional MFS fund choices below). Percentages musttotal 100%.FUND NUMBERPERCENTAGE (%)FUND NUMBERPERCENTAGE (%)FUND NUMBERPERCENTAGE (%)5. Authorization to Transfer Important: Contact the Trustee or Custodian of the IRA you are transferring to see if a signature guarantee or otherdocumentation is required to proceed. Space is provided below for a signature guarantee, if required.Please transfer my SIMPLE Individual Retirement Account (IRA) as described in Section 2, in accordance withthe above instructions, to my MFS SIMPLE IRA.INVESTOR’S SIGNATUREDATE (MM/DD/YYYY)PRINT NAMESignature guaranteed by:NAME OF FIRMSIGNATURE OF AUTHORIZED PERSON6. Trustee Acceptance (for MFS use only)MFS Heritage Trust CompanySM is willing to accept the assets described above and credit them to the MFS FundDistributors, Inc. SIMPLE Individual Retirement Trust Account for which it is trustee. MFS Heritage Trust Company agreesto the redemption and transfer from fiduciary to fiduciary as authorized above.AUTHORIZED MFS SIGNATURE ON BEHALF OF MFS HERITAGE TRUST COMPANYDATE (MM/DD/YYYY)page 3 of 3
Form5305-SSIMPLE Individual Retirement Trust Account(Rev. April 2017)Department of the TreasuryInternal Revenue ServiceName of participantDo not filewith the InternalRevenue Service(Under section 408(p) of the Internal Revenue Code)Date of birth of participantAddress of participantAccount numberCheck if transfer SIMPLE IRACheck if amendment . . .aaName of trusteeAddress or principal place of business of trusteeMFS Heritage Trust CompanySMc/o MFS Service Center, Inc., P.O. Box 219341, Kansas City, MO 64121-9341The participant named above is establishing a savings incentive match plan for employees of small employers individual retirement account(SIMPLE IRA) under sections 408(a) and 408(p) to provide for his or her retirement and for the support of his or her beneficiaries after death.The trustee named above has given the participant the disclosure statement required by Regulations section 1.408-6.The participant and the trustee make the following agreement.Article IThe trustee will accept cash contributions made on behalf of the participant by the participant’s employer under the terms of a SIMPLE IRA plandescribed in section 408(p). In addition, the trustee will accept transfers or rollovers from other SIMPLE IRAs of the participant and, after the 2-yearperiod of participation defined in section 72(t)(6), transfers or rollovers from any eligible retirement plan (as defined in section 402(c)(8)(B)) other than aRoth IRA or a designated Roth account. No other contributions will be accepted by the trustee.Article IIThe participant’s interest in the balance in the trust account is nonforfeitable.Article III1. No part of the trust account funds may be invested in life insurance contracts, nor may the assets of the trust account be commingled withother property except in a common trust fund or common investment fund (within the meaning of section 408(a)(5)).2. No part of the trust account funds may be invested in collectibles (within the meaning of section 408(m)) except as otherwise permitted bysection 408(m)(3), which provides an exception for certain gold, silver, and platinum coins, coins issued under the laws of any state, and certainbullion.Article IV1. Notwithstanding any provision of this agreement to the contrary, the distribution of the participant’s interest in the trust account shall bemade in accordance with the following requirements and shall otherwise comply with section 408(a)(6) and the regulations thereunder, theprovisions of which are herein incorporated by reference.2. The participant’s entire interest in the trust account must be, or begin to be, distributed not later than the participant’s required beginningdate, April 1 following the calendar year in which the participant reaches age 701/2. By that date, the participant may elect, in a manneracceptable to the trustee, to have the balance in the trust account distributed in:(a) A single sum or(b) Payments over a period not longer than the life of the participant or the joint lives of the participant and his or her designated beneficiary.3. If the participant dies before his or her entire interest is distributed to him or her, the remaining interest will be distributed as follows.(a) If the participant dies on or after the required beginning date and:(i) The designated beneficiary is the participant’s surviving spouse, the remaining interest will be distributed over the surviving spouse’s lifeexpectancy as determined each year until such spouse’s death, or over the period in paragraph (a)(iii) below if longer. Any interest remainingafter the spouse’s death will be distributed over such spouse’s remaining life expectancy as determined in the year of the spouse’s death andreduced by 1 for each subsequent year, or, if distributions are being made over the period in paragraph (a)(iii) below, over such period.(ii) The designated beneficiary is not the participant’s surviving spouse, the remaining interest will be distributed over the beneficiary’sremaining life expectancy as determined in the year following the death of the participant and reduced by 1 for each subsequent year, or overthe period in paragraph (a)(iii) below if longer.(iii) There is no designated beneficiary, the remaining interest will be distributed over the remaining life expectancy of the participant asdetermined in the year of the participant’s death and reduced by 1 for each subsequent year.(b) If the participant dies before the required beginning date, the remaining interest will be distributed in accordance with paragraph (i) below or, ifelected or there is no designated beneficiary, in accordance with paragraph (ii) below.(i) The remaining interest will be distributed in accordance with paragraphs (a)(i) and (a)(ii) above (but not over the period in paragraph (a)(iii),even if longer), starting by the end of the calendar year following the year of the participant’s death. If, however, the designated beneficiary isthe participant’s surviving spouse, then this distribution is not required to begin before the end of the calendar year in which the participantwould have reached age 701/2. But, in such case, if the participant’s surviving spouse dies before distributions are required to begin, then theremaining interest will be distributed in accordance with paragraph (a)(ii) above (but not over the period in paragraph (a)(iii), even if longer), over suchspouse’s designated beneficiary’s life expectancy, or in accordance with paragraph (ii) below if there is no such designated beneficiary.(ii) The remaining interest will be distributed by the end of the calendar year containing the fifth anniversary of the participant’s death.4. If the participant dies before his or her entire interest has been distributed and if the designated beneficiary is not the participant’s survivingspouse, no additional contributions may be accepted in the account.5. The minimum amount that must be distributed each year, beginning with the year containing the participant’s required beginning date, isknown as the “required minimum distribution” and is determined as follows.(a) The required minimum distribution under paragraph 2(b) for any year, beginning with the year the participant reaches age 701/2, is theparticipant’s account value at the close of business on December 31 of the preceding year divided by the distribution period in the uniformCat. No. 23699NForm5305-S(Rev. 4-2017)
SIMPLE Individual Retirement Trust Account5305-SDo not filelifetime table in Regulations section 1.401(a)(9)-9. However, if the participant’s designated beneficiary is his or her surviving spouse, the requiredForm 5305-S (Rev. 4-2017)FormPage2with the Internal(Rev. April 2017)minimum distribution for a year shall not be(Undermore thanthe participant’svalue at theclose of businessprecedingsection408(p) accountof the InternalRevenueCode) on December 31 of edofbynumber in the joint and last survivor table in Regulations section 1.401(a)(9)-9. The required minimum distribution for a yearInternalthisRevenueService(a) is determined using the participant’s (or, if applicable, the participant and spouse’s) attained age (or ages) in the year.underparagraphName of participantDate of birth of participantAccount number(b) The required minimum distribution under paragraphs 3(a) and 3(b)(i) for a year, beginning with the year following the year of the1participant’s death (or the year the participant would have reached age 70 /2, if applicable under paragraph 3(b)(i)) is the account value at thecloseof businesson December 31 of the preceding year divided by the life expectancy (in the single life tablein Regulationssection IRA . aAddressof participantCheckif transfer SIMPLE1.401(a)(9)-9) of the individual specified in such paragraphs 3(a) and 3(b)(i).Check if amendment . . . . a1/2 can be made as late as April 1 of the following year. The(c) ofTherequired minimum distribution for the year the Addressparticipant70ofNametrusteeor reachesprincipalageplacebusiness of trusteerequired minimum distribution for any other year must be made by the end of such year.6. The owner of two or more IRAs (other than Roth IRAs) may satisfy the minimum distribution requirements described above by taking fromone IRA the amount required to satisfy the requirement for another in accordance with the regulations under section 408(a)(6).The participant named above is establishing a savings incentive matchplan forArticleV employees of small employers individual retirement account(SIMPLE IRA) under sections 408(a) and 408(p) to provide for his or her retirement and for the support of his or her beneficiaries after death.1. The participant agrees to provide the trustee with all information necessary to prepare any reports required by sections 408(i) and 408(l)(2)trustee namedabovehas giventhe participant the disclosure statement required by Regulations section 1.408-6.andTheRegulationssections1.408-5and 1.408-6.Theparticipantand thetrustee tomakefollowingagreement.2.Thetrustee agreesto submitthe theInternalRevenueService (IRS) and participant the reports prescribed by the IRS.3. The trustee also agrees to provide the participant’s employer the summary description described in section 408(l)(2) unless this SIMPLE IRAArticle Iis a transfer SIMPLE IRA.The trustee will accept cash contributions made on behalf of the participant by the participant’s employer under the terms of a SIMPLE IRA planArticleVI from other SIMPLE IRAs of the participant and, after the 2-yeardescribed in section 408(p). In addition, the trustee will accept transfersor rolloversperiodof participationin section72(t)(6),transfersor incorporated,rollovers fromtheanyprovisionseligible retirementplan(as definedsection402(c)(8)(B))Notwithstandingany definedother articleswhichmay beadded orof ArticlesI throughIII andinthissentencewill be other than aRoth IRA orAnya designatedaccount.No otherwill andbe acceptedbythetherelatedtrustee.regulations will be invalid.controlling.additional Rotharticlesinconsistentwithcontributionssections 408(a)408(p) andArticleVIIIIArticleThe agreementparticipant’sinterestin the balancein the totrustaccountnonforfeitable.Thiswillbe amendedas necessarycomplywithistheprovisions of the Code and the related regulations. Other amendments maybe made with the consent of the persons whose signatures appear below.Article IIIArticleVIIIArticleVIII nor may the assets of the trust account be commingled with1. No part of the trust account funds may be invested in life insurancecontracts,otherpropertyexceptin aforcommontrust fundor commoninvestmentfund (withinthemeaningofasection408(a)(5)).ArticleVIII maybe usedany additionalprovisions.If noother provisionswill beadded,drawline throughthis space. If provisions are1.Communicationsto Trustee.notices, requirementsrequests, directions,instructionsother Revenuecommunicationsto orfromtheTrusteeshallbe madesuchadded,with Allapplicablelaw and(withintheandInternalandmaynotimplythey havebeenbyreviewedor2. Notheypartmustof thecomplytrust accountfunds maybe investedofinstatecollectiblesthe meaningof methodas the byTrusteemay from time to time prescribe or permit which methods include in writing, telephonically or electronically, to the extent suchpre-approvedtheIRS.section 408(m)(3), which provides an exception for certain gold, silver, and platinum coins, coins issued under the laws of any state, and certainmethodbullion. is in accordance with applicable law. The Trustee shall be entitled to rely on any such communication believed by it to be genuine or properly givenand shall have no duty of inquiry with respect to any of the matters stated therein or the consequences to the Participant or Beneficiary thereof, and shall beArticleIVfully protected in acting or omitting to take any action in reliance upon anysuch communication.1. Notwithstanding any provision of this agreement to the contrary, the distribution of the participant’s interest in the trust account shall be2.Voting.MFS Fund Sharesin the SIMPLEIRA Accountshallbe votedby, or within accordancewith theandinstructionsof, the ParticipantBeneficiary.madein accordancewith theheldfollowingrequirementsand shallotherwisecomplysection 408(a)(6)the r,or causeto be delivered,to the Participant or to the Beneficiary if the Beneficiary is then receiving benefits under Article IV, allprovisionswhichare hereinincorporatedby reference.notices, financial statements, prospectuses, contracts, proxies and proxy materials relating to the MFS Fund Shares in the SIMPLE IRA Account. The2. The participant’s entire interest in the trust account must be, or begin to be, distributed not later than the participant’s required beginningTrusteeshallMFS theFundSharesyearheldininwhichthe SIMPLEIRA Accountin accordancepropervotinginstructionsmayfromelect,the Participantor Beneficiary.date, April1 votefollowingcalendarthe participantreachesage 701/2.withBy thatdate,the participantin a mannerAbsentsuch toinstructionsthetoTrusteeis herebyto andshall votesuch MFSany proposition in the same proportion as allacceptablethe trustee,have thebalancedirectedin the trustaccountdistributedin: Fund Shares for or againstParticipant’ssignatureDateMFS (a)FundSharesof theA singlesumor relevant MFS Fund for which instructions have been received.(If an individual other than the participant signs this form for the participant, indicate the individual’s relationship to the participant.)(b) Paymentsovera periodnot longerthanthe lifethe participantthe thejointtermslives ofof thisthe participantor hershalldesignated3. Powersof Trustee.Subjectto ArticleIX, andexceptasofotherwiselimited orunderAgreement,andthe hisTrusteehave thebeneficiary.power toexerciseforthefollows.sole benefit of lbedistributedasTrustee’s signatureDateParticipantandparticipanthis Beneficiaryanyorandallthepowerswhichwould bedatelawfulwere it in its own right the actual owner of the property held, including by way of(a) If thedies onafterrequiredbeginningand:illustration,but not in limitation of the powers conferred by law, the following:(i) The designated beneficiary is the participant’s surviving spouse, the remaining interest will be distributed over the surviving spouse’s lifeWitness’ h,oroveristheperiod(Useonlyifofsignatureof theparticipantor thetrusteerequiredto inbeparagraphwitnessed.) (a)(iii) below if longer. Any interest remaining(a) To sell asor exchangeanypartyeartheassetsofspouse’sthe SIMPLEIRAAccount;after the spouse’s death will be distributed over such spouse’s remaining life expectancy as determined in the year of the spouse’s death andreducedby 1Instructionsforanyeachsubsequentyear,or, if distributionsare beingmadeoverthe periodparagraphbelow, oversuch period.ContributionstonomineeIndividual(b) To registerassetheld by theTrusteein its ownname,or inorRetirementbearerforminthatwill pass(a)(iii)by RAs);Pub.the590-B,(ii) The designated beneficiary is not the participant’ssurvivingspouse,remaining interest will be distributed over the beneficiary’sSectionto the InternalArticleIV. DistributionsunderDistributionsfromRetirement(c) Toreferencesconsenttoareor participatein sorandotherchangesheld by themadeTrustee,andthisin suchremaininglife expectancyas determinedin the yearfollowing thedeathIndividualofthe participantreducedbyin1 securitiesfor each subsequentyear,or overRevenueCodetounlessotherwisenoted.powers and toArrangements(IRAs);and Pub 560,connectiondelegatethe Trustee’spay assessments,subscriptions,and other charges; article may be made in a single sum, periodictheperiod in paragraph(a)(iii)below if longer.payment, or a combination of both. TheRetirement Plans for Small Business (SEP,Purposeof Form(iii)Thereis no illbe pursuantdistributedoverprovisionsthe remaininglifeexpectancyofshouldthe participantas in thedistributionoptionbe reviewed(d) Tomakedistributionsfrom theSIMPLE IRAin cashinkindto theof theAgreement;andSIMPLE,and orQualifiedPlans).determinedyear oftrustthe accountparticipant’s death and reduced by 1 for each subsequent year.Form5305-Sinisthea modelyear the participant reaches age 701/2 n(e)(b)ToIfinvestandreinvestallbeforeor a partthe contributionsmadetheremainingSIMPLE equiredbeginningdate,totheinterestwill bedistributedincapitalaccordancewith paragraph(i) otherbelow or, ifsections408(a)408(p).However,onlyhaveSharesbeen n accordancewith Theparagraph(ii) alsharescarriedto thethirddecimalretain suchwithout any duty ofParticipant.participantis thepersonplace) and to408(a)(6)ArticlesI through VII have been reviewed byestablishestrust account.ArticleVIII. theArticleVIII andany that followfurther(i) diversification.The remaining interest will be distributed inwhoaccordancewiththeparagraphs(a)(i) and (a)(ii) above (butnot overperiodin paragraph(a)(iii), itthe IRS. A SIMPLE individual retirementmay incorporateadditionalprovisionseven if longer), starting by the end of the calendar yearfollowingyear mustof thebeparticipant’sthe designatedbeneficiaryis that areTrustee.Thethetrusteea bank or death. If, ompensationExpenses.ThethenTrusteeshall asagreedmay yearbeupontimetime bytoagreedbyparticipantand totrusteeto thetheparticipant’s andsurvivingspouse,this distributionissuchnotrequiredto beginthe endin thewhichthefromparticipantsavingsandloan association,definedin of the calendarform is fullyby boththetheindividualTrusteeand executedtheParticipantor1/
page 1 of 5 FORM A MFS SIMPLE IRA APPLICATION 1. Investor Information The MFS Family of Funds is generally only available to U.S. residents classified as U.S. Persons for federal tax purposes. A U.S. Person is a citizen or resident alien of the United States. Both the residential address and mailing address provided
