Annual Additions Limit. Applying the Annual Additions Limit in Section 4.05(B).
Annual Additions Limit. The provisions of this subsection 3.7.2 apply with respect to a Participant who does not participate in, and has never participated in, another Qualified Plan maintained by the Primary Employer or Affiliate, a welfare benefit fund as defined in Code Section 419(e) maintained by the Primary Employer or an Affiliate or an individual medical account as defined in Code Section 415(l)(2) maintained by an Primary Employer or Affiliate or a simplified employee pension, as defined in Code Section 408(k), maintained by the Primary Employer or an Affiliate, which provides an Annual Addition as defined in Section 3.7.1(A) of the Plan, other than this Plan.
Annual Additions Limit. The amount of Annual Additions which the Plan Administrator may allocate under this Plan to a Participant's Account for a Limitation Year may not exceed the Annual Additions Limit.
Annual Additions Limit. Annual Additions Limit means the lesser of: (i) $40,000 (or, if greater, the $40,000 amount as adjusted under Code §415(d)), or (ii) 100% of the Participant's Compensation paid or accrued for the Limitation Year. If there is a short Limitation Year because of a change in Limitation Year, the Plan Administrator will multiply the $40,000 (as adjusted) limitation by the following fraction: The 100% Compensation limitation in clause (ii) above does not apply to any contribution for medical benefits within the meaning of Code §401(h) or Code §419A(f)(2) which otherwise is an Annual Addition.
(1) Certain contributions treated as made to a Defined Contribution Plan. Solely for purposes of Sections 4.01 through 4.04, the following contributions are treated as contributions to a Defined Contribution Plan: (i) mandatory employee contributions under Code §411(c)(2)(C) made to a Defined Benefit Plan maintained by the Employer, unless such contributions are "picked up" by the Employer under Code §414(h)(2); (ii) contributions to an individual medical account (as defined in Code §415(l)(2)) included as part of a Defined Benefit Plan or annuity plan under Code §401(h) maintained by the Employer; and (iii) a welfare benefit fund under Code §419(e) maintained by the Employer to the extent there are post‑retirement medical benefits allocated to the separate account of a key employee (as defined in Code §419A(d)(3)).
Annual Additions Limit. Annual Additions Limit means the lesser of: (i) $40,000 (or, if greater, the $40,000 amount as adjusted under Code §415(d)), or (ii) 100% of the Participant’s Compensation paid or accrued for the Limitation Year. If there is a short Limitation Year because of a change in Limitation Year (other than as a result of the termination of the Plan), the Plan Administrator will multiply the $40,000 (as adjusted) limitation by the following fraction: The 100% Compensation limitation in clause (ii) above does not apply to any contribution for medical benefits within the meaning of Code §401(h) or Code §419A(f)(2) which otherwise is an Annual Addition.
Annual Additions Limit. Notwithstanding any other provision of this Plan, in no event shall the sum of the Annual Additions to any Participant's Account exceed the lesser of—
(1) for Plan Years beginning on or after January 1, 1995— (A) $30,000 as such limit is adjusted from time to time under Code Section 415(c), or such other maximum amount permitted pursuant to Code Section 415(c) (or if greater, 25% of the dollar limitation in effect under Code Section 415(b)(1)(A)); or
Annual Additions Limit. CODE §415 AGGREGATED PLANS.
(A) Aggregation of Code §415 Aggregated Plans. For purposes of applying the Annual Additions Limit, all Code §415 Aggregated Plans are treated as one plan.
Annual Additions Limit. (a) Except to the extent permitted with respect to Member Catch-up Contributions and Section 414(v) of the Code, the Annual Additions that may be contributed or allocated to a Member’s Account under the Fund for any limitation year shall not exceed the lesser of: (1) $40,000, as adjusted for increases in the cost-of-living under section 415(d) of the Code, or (2) 100 percent of the Member’s 415 Compensation, for the limitation year.
(b) To the extent the Annual Additions with respect to the Fund and other defined contribution plans of the Contributing Companies or Affiliated Companies would otherwise exceed the limitations of Section 7.3(a), amounts permitted to be credited to a Member’s Account shall be reduced in the following order:
(1) Contributions by or on behalf of a Member to other defined contribution plans of the Contributing Companies or Affiliated Companies;
(2) Company Contributions of any Contributing Company on behalf of a Member to the Fund;
(3) Member After-Tax Contributions by a Member to the Fund; and
(4) Member Pre-Tax Contributions on behalf of a Member to the Fund.
Annual Additions Limit. Annual Additions Limit means the lesser of: (i) $40,000 (or, if greater, the $40,000 amount as adjusted under Code §415(d)), or (ii) 100% of the Participant's Compensation paid or accrued for the Limitation Year. If there is a short Limitation Year because of a change in Limitation Year (other than as a result of the termination of the Plan), the Plan Administrator will multiply the $40,000 (as adjusted) limitation by the following fraction: Number of months (or fractional parts thereof) in the short Limitation Year 12 The 100% Compensation limitation in clause (ii) above does not apply to any contribution for medical benefits within the meaning of Code §401(h) or Code §419A(f)(2) which otherwise is an Annual Addition.
Annual Additions Limit. If the Plan’s limitation year is the same as the Plan Year, PCS will test the Plan’s records for the Plan’s adherence to the IRC § 415(c) limit on annual additions. PCS runs this test assuming every Participating Employer and every Affiliated Employer maintains no plan beyond the Plan that is the subject of this Agreement.
