simple retirement account

(1) In general For purposes of this title, the term “simple retirement account” means an individual retirement plan (as defined in section 7701(a)(37) )— (A) with respect to which the requirements of paragraphs (3), (4), and (5) are met; and (B) except in the case of a rollover contribution described in subsection (d)(3)(G) or a rollover contribution otherwise described in subsection (d)(3) or in section 402(c), 403(a)(4), 403(b)(8), or 457(e)(16), which is made after the 2-year period described in section 72(t)(6), with respect to which the only contributions allowed are contributions under a qualified salary reduction arrangement.

Source

26 USC § 408(p)(1)

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Scoping language

None identified, default scope is assumed to be the parent (subpart A) of this section.

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