DEFINED BENEFIT PLAN LIMITATION. If the Employer maintains a defined benefit plan, or has ever maintained a defined benefit plan which the Employer has terminated, then the sum of the defined benefit plan fraction and the defined contribution plan fraction for any Participant for any Limitation Year must not exceed 1.0. The Employer must provide in Adoption Agreement Section 3.18 the manner in which the Plan will satisfy this limitation. The Employer also must provide in its Adoption Agreement Section 3.18 the manner in which the Plan will satisfy the top heavy requirements of Code Section 416 after taking into account the existence (or prior maintenance) of the defined benefit plan.
DEFINED BENEFIT PLAN LIMITATION. Application of limitation. The limitation under Section 3.18 of the Plan: (Choose (a) or (b))
DEFINED BENEFIT PLAN LIMITATION. 3.07 3.19 Definitions - Article III.................................3.07
DEFINED BENEFIT PLAN LIMITATION. Application of limitation. The limitation under Section 3.18 of the Plan: (Choose (a) or (b)) [X] (a) Does not apply to the Employer's Plan because the Employer does not maintain and never has maintained a defined benefit plan covering any Participant in this Plan.
DEFINED BENEFIT PLAN LIMITATION. 3.07 3.19 Definitions - Article III . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.07
DEFINED BENEFIT PLAN LIMITATION. If the Employer maintains a defined benefit plan, or has ever maintained a defined benefit plan which the Employer has terminated, then the sum of the defined benefit plan fraction and the defined contribution plan fraction for any Participant for any Limitation Year beginning before January 1, 2000, must not exceed 1.0. The 1.0 limitation of the immediately preceding sentence does not apply for Limitation Years beginning after December 31, 1999, unless the Employer in Appendix B to its Adoption Agreement specifies a later effective date. To the extent necessary to satisfy the 1.0 limitation, if the Employer still maintains the defined benefit plan as an active plan, the Employer in its Adoption Agreement Appendix B will elect whether to reduce the Participant’s projected annual benefit under the defined benefit plan under which the Participant participates, or to reduce its contribution or allocation on behalf of the Participant to the defined contribution plan(s) under which the Participant participates. If the Employer has frozen or terminated the defined benefit plan, the Employer will reduce its contribution or allocation on behalf of the Participant to the defined contribution plan(s) under which the Participant participates. The Employer must provide in Appendix B to its Adoption Agreement the manner in which the Plan will satisfy the top-heavy requirements of Code §416 after taking into account the existence (or prior maintenance) of the defined benefit plan.
DEFINED BENEFIT PLAN LIMITATION. The Employer does not maintain and never has maintained a defined benefit plan covering any Participant in this Plan. Accordingly, no special defined benefit plan limitation applies under this Plan.
DEFINED BENEFIT PLAN LIMITATION. If the Participant presently participates, or has ever participated, under a defined benefit plan maintained by DST, then the sum of the defined benefit plan fraction and the defined contribution plan fraction for the Participant for that Limitation Year must not exceed 1.0. To the extent necessary to satisfy this limitation, DST will reduce the Participant's annual benefit under the defined benefit plan under which the Participant participates and then, if necessary, its contribution or allocation on behalf of the Participant to the defined contribution plan under which the Participant participates.
DEFINED BENEFIT PLAN LIMITATION. Check option (a) if you have never maintained a defined benefit plan for any participants in this plan. If you have or are currently maintaining a defined benefit under option (b), choose which plan's benefit would be reduced if a participant's total allocations for a year were to exceed the allowable limit.
DEFINED BENEFIT PLAN LIMITATION. The limitation under Section 3.18 applies to the Employer's Plan if the Employer maintains (or ever maintained) a defined benefit plan. To the extent necessary to satisfy the limitation under Section 3.18, the Employer will reduce the Participant's projected annual benefit under the defined benefit plan under which the Participant participates, if the Employer still maintains the defined benefit plan as an active plan. If the Employer has frozen or terminated the defined benefit plan, the Employer will reduce its contribution or allocation on behalf of the Participant to the defined contribution plan(s) under which the Participant participates. The Employer may prescribe an alternate means of satisfying the Section 3.18 limitation in an addendum.
