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457Plati and xh:st Document.. (F) If the sole Beneficiary is the Employee's surviving spouse, the spouse /nay elect to treat the IRA as his or her own IRA. This election will be deemed to have been made if such surviving spouse makes a contribution to the IRA or fails to take required distributions as a Beneficiary. . (g) Nonforfeitable. The interest of an Employee in the balance in his or her Deemed IRA account is nonforfeitable at all times. . (h) Reporting. The Deemed IRA Trustee of a Deemed Traditional IRA shall furnish annual calendar-year reports concerning the status of the Deemed IRA account and such infotmation concerning required minimum distributions as is prescribed by the Commissioner ofInternal Revenue. (i) Substitution of Deemed IRA Trustee. If the Deemed IRA Trustee is a non- bank trustee or custodian, the non-bank trustee or custodian shall substitute another trustee. or custodian if the non-bank trustee or custodian receives notice from the Commissioner ofInternal Revenue that such substitution is required because it has failed to comply with the requirements of section I.408-2(e) of the Income Tax Regulations. 9.06 Deemed Roth IRA Requirements: Deemed IRAs established in the form of Roth lRAs shall satisfY the following requirements: (a) Exclusive Benefit. The Deemed Roth IRA shall be established for the exclusive benefit of an Employee or his or her Beneficiaries. (b) Maximum Annual Contributions. (1) Maximum Permissible Amount. Except in the case of a qualified rollover contribution or a recharacterization (as defined in (6) below), no contribution will be accepted unless it is in cash and the total of such contributions to all the Employee's Roth lRAs for a taxable year does not exceed the applicable amount (as defined in (2) below), or the Employee's compensation (as defined in (8) below), ifless, for that taxable year. The contribution described in the previous sentence that may not exceed the lesser of the applicable amount or the Employee's compensation is referred co as a "regular contribution." A "qualified rollover contribution" is a rollover contribution that meets the requirements of section 408(d)(3) of the Code, except the one-rollover-per-year rule of section 408 (d) (3) (B) does not apply if the rollover contribution is from an IRA other than a Roth IRA (a "nonRoth IRA"). Contributions may be limited under (3) through (5) below. 22