Assets Transferred From A Code Section 401(k) Plan. If the Plan receives a direct transfer (by merger or otherwise) of Elective Deferrals (or amounts treated as Elective Deferrals) under a Plan with a Code Section 401(k) arrangement, the distribution restrictions of Code Sections 401(k)(2) and 401(k)(10) continue to apply to those transferred Elective Deferrals.
Appears in 3 contracts
Samples: Defined Contribution Plan (FNB United Corp.), Defined Contribution Plan (United Community Bancorp), 401(k) Defined Contribution Plan (Measurement Specialties Inc)
Assets Transferred From A Code Section 401(k) Plan. If the Plan receives a direct transfer (by merger or otherwise) of Elective Deferrals or Xxxx Elective Deferrals (or amounts treated as Elective Deferrals) under a Plan with a Code Section 401(k) arrangement, the distribution restrictions of Code Sections 401(k)(2) and 401(k)(10) continue to apply to those transferred Elective Deferrals.
Appears in 3 contracts
Samples: Defined Contribution Plan, Defined Contribution Plan, Defined Contribution Plan (1st Constitution Bancorp)
Assets Transferred From A Code Section 401(k) Plan. If the Plan receives a direct transfer (by merger or otherwise) of Elective Deferrals or Rxxx Elective Deferrals (or amounts treated as Elective Deferrals) under a Plan with a Code Section 401(k) arrangement, the distribution restrictions of Code Sections 401(k)(2) and 401(k)(10) continue to apply to those transferred Elective Deferrals.
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