Common use of Delivery of very small benefits Clause in Contracts

Delivery of very small benefits. If the total corrective distribution due a participant or beneficiary is $20 or less, the Plan Sponsor is not required to make the corrective distribution if the reasonable direct costs of processing and delivering the distribution to the participant or beneficiary would exceed the amount of the distribution.

Delivery of very small benefits. If the total corrective distribution due a participant or beneficiary is $20 or less, the Plan Sponsor is not required to make the corrective distribution if the reasonable reason- able direct costs of processing and delivering deliv- ering the distribution to the participant or beneficiary would exceed the amount of the distribution.