Ryerson v. First Trust & Savings Bank

SNELL, Justice.

On October 1, 1982, Milo M. Brady established a Keogh plan, the trustee of which was the First Trust and Savings Bank of Davenport, Iowa. The documents constituting this plan were: (1) a basic plan document which contained all nonelective provisions applicable to all adopting employers, and (2) an adoption agreement which contained all options available to an adopting employer. Under the plan, Brady was the “Employer,” the sole “Participant” and the “Plan Administrator.” At the time the plan was established, Brady was married to appellant Ruth Strom Brady. Appellee Susan Brady…