Acorns Program Agreement

április 8th, 2021

You ensure that no clause in any of the agreements will be in conflict or violated with an obligation you have under a law, regulation or agreement. Form 5305-A is a standard account contract that meets Section 408 (a) requirements and has been previously approved by the IRS. You, the applicant whose name appears in the support application, will create an individual pension account (“IRA”) in accordance with section 408 (a) to guarantee your retirement and the assistance of your beneficiaries after death. The account must be created in the United States for the exclusive benefit of you, the depositor or your beneficiaries. You cannot surrender your rights or obligations under one of the agreements without the prior written consent of Acorns, Carrying Broker, Acorns Insurance Services and Acorns Pay. Acorns may cede its rights or obligations under this program contract and the advisory agreement, but only in accordance with the terms of the advisory contract. The bearer broker may surrender his rights or obligations arising from this program contract and the brokerage contract, but only in accordance with the terms of the brokerage contract. Acorns Pay may cede its rights or obligations under this program agreement and expense account agreement, but only in accordance with the terms of the expense account agreement. The ira administrator and administrator may cede his rights or obligations under Roth`s subsequent/traditional custody agreement or subsequent child care agreement, in accordance with the terms and conditions that apply. You acknowledge and consent that, otherwise, Acorns Pay, its parent company and all of its affiliates, executives, directors and employees are under no obligation to not honour or hold liable a Lincoln Savings Bank commitment under one of the agreements or Lincoln Savings Bank, unless Lincoln Savings Bank explicitly and correctly delegates its obligations to Acorns Pay under an applicable agreement between Lincoln Savings Bank and Acorns. The ira custodian and administrator provided you with the disclosure statement required by Dener1.408-6 (attached to Schedule F of the program agreement).


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