CORRECTION OF AGGREGATE LIMIT. If the Aggregate Limit described in Section 11.102 of the Plan is exceeded, the following adjustments will be made in accordance with Section 11.402(B)(1) of the Plan (Choose one): Option 1: [ ] The ACP of Highly Compensated Employees will be reduced. Option 2: [X] The ADP of Highly Compensated Employees will be reduced.
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CORRECTION OF AGGREGATE LIMIT. If the Aggregate Limit described in Section 11.102 of the Plan is exceeded, the following adjustments adjustment will be made in accordance with Section 11.402(B)(111.402(b)(1) of the Plan (Choose choose one):
) Option 1: [ ] ___ The ACP of Highly Compensated Employees will be reduced.
Option 2: [X] The ADP of Highly Compensated Employees will be reduced.
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Samples: Prototype Defined Contribution Plan and Trust/Custodial Account (Connecticut Water Service Inc / Ct)
CORRECTION OF AGGREGATE LIMIT. If the Aggregate Limit described in Section 11.102 of the Plan is exceeded, the following adjustments will be made in accordance with Section 11.402(B)(1) of the Plan (Choose one):
Option ): OPTION 1: [ ] The ACP of Highly Compensated Employees will be reduced.
Option . OPTION 2: [X] The ADP of Highly Compensated Employees will be reduced. NOTE: If no option is selected, Option 1 will be deemed to be selected.
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Samples: Comprehensive Standardized 401(k) Profit Sharing Plan Adoption Agreement (Edutrek Int Inc)
CORRECTION OF AGGREGATE LIMIT. If the Aggregate Limit described in Section 11.102 of the Plan is exceeded, the following adjustments will be made in accordance with Section 11.402(B)(1) of the Plan (Choose one):
Option OPTION 1: [ . [X] The ACP of Highly Compensated Employees will be reduced.
Option OPTION 2: [X. [ ] The ADP of Highly Compensated Employees will be reduced.
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Samples: Qualified Retirement Plan and Trust (Meritage Hospitality Group Inc /Mi/)
