Allocation of Excess Amounts. (Annual Additions) Excess deferrals which result in an Excess Amount shall be returned to the Participant. In the event that the allocation formula of other contributions results in an Excess Amount, such excess shall be: [x] (i) placed in a suspense account accruing no gains or losses for the benefit of the Participant.
Appears in 2 contracts
Sources: Adoption Agreement (Maxim Pharmaceuticals Inc), Adoption Agreement (Shared Technologies Cellular Inc)
Allocation of Excess Amounts. (Annual Additions) Excess deferrals which result in an Excess Amount shall be returned to the Participant. In the event that the allocation formula of other contributions results in an Excess Amount, such excess shall be: [x] :
(i) placed in a suspense account accruing no gains or losses for the benefit of the Participant.
Appears in 2 contracts
Sources: 401(k) Retirement Plan and Trust Agreement (California Coastal Communities Inc), Non Standardized Adoption Agreement (Valley National Corp /De/)
Allocation of Excess Amounts. (Annual Additions) Excess deferrals which result in an Excess Amount shall be returned to the Participant. In the event that the allocation formula of other contributions results in an Excess Amount, such excess shall be: [x] :
(i) placed Placed in a suspense account accruing no gains or losses for the benefit of the Participant.
Appears in 1 contract
Allocation of Excess Amounts. (Annual Additions) Excess deferrals which result in an Excess Amount shall be returned to the Participant. In the event that the allocation formula of other contributions results in an Excess Amount, such excess shall be: [xX] (i) placed in a suspense account accruing no gains or losses for the benefit of the Participant.
Appears in 1 contract
Sources: Non Standardized Adoption Agreement (Princeton Review Inc)