IRA and Educational Savings Account (ESA) Applications

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Trustee-to-Trustee Transfer of Traditional IRAs or Traditional Employer Plans. Use this form only when you will fund your new IRA from AE-Trust with money which is currently in an existing IRA or existing employer plan(1). The existing plan must be a Traditional plan, either a regular or simple, but not a Roth type. And, use this form only when your existing funds are to be transferred directly from your existing custodian to AE-Trust. Note: If you have already taken a distribution from your plan, use the applicable "Rollover" form below.

Trustee-to-Trustee Transfer of Roth IRAs or Roth Employer Plans. Use this form only when you will fund your new IRA from AE-Trust with the money which is currently in an existing IRA or existing employer plan(2). The existing plan must be either a Roth IRA or Roth elective deferrals(2) in a Roth employer plan, but not a Traditional type. And, use this form only when your existing funds are to be transferred directly from your existing custodian to AE-Trust. Note: If you have already taken a distribution from your plan, use the applicable "Rollover" form below.

Rollover of Traditional IRAs or Traditional Employer Plans. Use this form only when you will fund your new IRA from AE-Trust with the same money which you have already taken from an existing IRA or existing employer plan(1). The existing plan must be a Traditional plan, but not a Roth type. Note: For direct transfers of funds from your existing plan to the new IRA, use the applicable Trustee-to-Trustee Transfer form above.

Rollover of Roth IRAs or Roth Employer Plans. Use this form only when you will fund your new IRA from AE-Trust with the same money which you have already taken from an existing IRA or existing employer plan(2). The existing plan must be either a Roth IRA or Roth elective deferrals(2) in a Roth employer plan, but not a Traditional type. Note: For direct transfers of funds from your existing plan to the new IRA, use the applicable Trustee-to-Trustee Transfer form above.

New 72(t) Early Withdrawal IRA Account. The 72(t) early withdrawal IRA is not a unique type of IRA. It will be either a Roth or a Traditional type IRA, depending upon which of those two types of retirement money you are putting into the 72(t). What is unique is simply the fact that you will receive an immediate payment stream from your new Roth or Traditional IRA from AE-Trust. To set up a 72(t) IRA, start out by filling out the appropriate new IRA account application from above, either for a trustee-to-trustee transfer for your existing Traditional or Roth funds, or fill out the appropriate rollover application for your existing Traditional or Roth funds. Then fill out this supplemental "72(t) Early Withdrawal IRA" application and submit it to AE-Trust along with the IRA application from above. Note that the existing retirement funds must be one type only, either Traditional or Roth. You cannot mix both types of funds into the 72(t).

New Traditional IRA Account. Use this form only when you will fund your new AE-Trust IRA with new retirement contribution money, contributions which are subject to the annual IRA contribution limits. If any initial funding of this IRA will come from an existing plan, use one of the first four forms above. Use this form only for a new Traditional IRA.

New Roth IRA Account. Use this form only when you will fund your new AE-Trust IRA with new retirement contribution money, contributions which are subject to the annual IRA contribution limits. If any initial funding of this IRA will come from an existing plan, use one of the first four forms above. Use this form only for a new Roth IRA.

Conduit IRA. Use this form only for a temporary holding IRA account or "conduit" IRA. This account is used only temporarily as a method to preserve tax deferral and other tax preferential treatment of qualified retirement or employer plan money. Later, when your options are clear, you roll over the funds in the conduit IRA to another qualified retirement plan, tax-sheltered annuity, or deferred compensation plan. See your tax advisor for additional information.

Footnotes For New IRA Accounts:
(1)ELIGIBLE EMPLOYER PLAN FOR TRANSFER OR ROLLOVER TO A TRADITIONAL IRA
A distribution will not be eligible to be rolled over unless that distribution is made from an eligible retirement plan. An eligible retirement plan for Traditional IRA rollover is a plan which is qualified under the Internal Revenue Code (IRC) Sections 401(a), 403(a), 403(b), or 457(b). These plans include: Defined benefit plans, profit sharing plans, money purchase pension plans, 401(k) plans, 403(b) tax-sheltered annuities, eligible 457(b) deferred compensation plans, and ESOP or employee stock ownership plans.

(2) ELIGIBLE EMPLOYER PLAN FOR TRANSFER OR ROLLOVER TO A ROTH IRA
A distribution will not be eligible to be rolled over unless that distribution is made from an eligible retirement plan. An eligible retirement plan for Roth IRA rollover is limited to: Either a 401(k) retirement plan or a 403(b) tax sheltered annuity. However, only distributions of Roth elective deferrals from a Roth 401(k) or 403(b) plan are eligible to be rolled over to a Roth IRA. A Roth elective deferral is an election made by the plan owner/employee to make after-tax contributions to the retirement plan. But any employer contribution to a Roth 401(k) is, by law, pre-tax income of the employee, and therefore is ineligible for Roth after-tax treatment. As a result, no employer matching contributions to a Roth 401(k) are eligible for rollover or trustee-to-trustee transfer to a Roth IRA. However, employer contributions are eligible for rollover or trustee-to-trustee transfer to a Traditional IRA (and, if desired, that could then be converted to a Roth IRA). So the employee contributions can fund a Roth IRA, and the employer contributions can fund a traditional IRA.

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On-Going or Regular Contributions Under The Annual Limits Rules. Use this form for all on-going and regular contributions to any type of IRA, up to the annual limits which you are subject to. Do not use this form for transfers or rollovers of funds from an existing IRA account.

Investment Buy or Sell Request. Use this form as an optional method of liquidating or purchasing a new position in a stock, bond, mutual fund, private placement (interest in a privately held company), or in one or more of the AE-Trust investment portfolio options or money market fund. If your account is self directed (most likely), you can initiate buy-sell orders for stocks, bonds and mutual funds for your account directly with a broker, mutual fund company, etc., and then this form is unnecessary. Do not use this form for transfers or rollovers of funds from an existing IRA account.

Changes In Beneficiaries. Use this form for adding, deleting or replacing beneficiaries which have been previously listed for your IRA. Also use this form to change beneficiaries from primary to contingent status, or vice versa, or to change the percentage which any given beneficiary is to receive of the remainder of the account after your death.

Changes of Basic Account Information. Use this form to notify AE-Trust of change of address and/or other contact information.

Conversion of Traditional IRA to a Roth Account. Use this form for converting a Traditional IRA type account (tax deferred) to a Roth type account (taxed on conversion with no taxes paid on withdrawals or distributions).

Withdrawal of Funds From a Traditional or Simple IRA. Use this form for any desired type of withdrawal of money from either a Traditional or Simple IRA.

Withdrawal of Funds From a Roth IRA. Use this form for any desired type of withdrawal of money from a Roth IRA.

Excess Contribution Worksheet, Traditional IRA. Use this form to calculate the amount of excess contributions which you may have made to a Traditional IRA, and review the necessary IRS and tax steps to deal with your particular excess contribution.

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New Coverdell ESA Account. Use this form for all new Coverdell ESA accounts which will not be receiving funds from an existing ESA account.

Trustee-to-Trustee Transfer of ESA. Use this form only when you will fund your new AE-Trust ESA with money which is currently in an existing ESA. And, use this form only when your existing funds are to be transferred directly from your existing custodian to AE-Trust. Note: If you have already taken a distribution from your plan, use the applicable "Rollover" form below.

Rollover of Existing ESA Account. Use this form only when you will create your new AE-Trust ESA with the same funds which you have already taken out of an existing ESA account. Note: For direct transfers of funds from your existing plan to the new ESA, use the applicable Trustee-to-Trustee Transfer form above.

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On-Going or Regular Contributions Under The Annual Limits Rules. Use this form for all on-going and regular contributions to an ESA, up to the annual limits which you are subject to. Do not use this form for transfers or rollovers of funds from an existing ESA account.

Investment Buy or Sell Request. Use this form as an optional method of liquidating or purchasing a new position in a stock, bond, mutual fund, private placement (interest in a privately held company), or in one or more of the AE-Trust investment portfolio options or money market fund. You can initiate buy-sell orders for stocks, bonds and mutual funds for your account directly with a broker, mutual fund company, etc., and then this form is unnecessary. Do not use this form for transfers or rollovers of funds from an existing ESA account.

Changes In Beneficiaries. Use this form for adding, deleting or replacing beneficiaries which have been previously listed for your ESA. Also use this form to change beneficiaries from primary to contingent status, or vice versa, or to change the percentage which any given beneficiary is to receive of the remainder of the account after your death.

Changes of Basic Account Information. Use this form to notify AE-Trust of change of address and/or other contact information.

Withdrawal of Funds. Use this form for any desired type of withdrawal of money from an ESA.

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