Distribution of Excess Amounts. If required or permitted by law or regulations, upon the request of the Participant, the Custodian may distribute any excess amount to the Participant, as permitted by Treasury Regulations 1.403(b)-4(f)(3) and (4). Generally, an excess amount is the amount of any contribution made on behalf of the Participant for the Participant’s tax year that exceeds the maximum amount allowable as a contribution for such tax year, as described in Article 2.05 of this Agreement.
Appears in 4 contracts
Samples: Custodial Account Agreement, Custodial Account Agreement, Custodial Agreement
Distribution of Excess Amounts. If required or permitted by law or regulations, upon the request of the Participant, the Custodian may distribute any excess amount to the Participant, as permitted by Treasury Regulations 1.403(b)-4(f)(31.403(b)- 4(f)(3) and (4). Generally, an excess amount is the amount of any contribution made on behalf of the Participant for the Participant’s tax year that exceeds the maximum amount allowable as a contribution for such tax year, as described in Article 2.05 of this Agreement.
Appears in 2 contracts
Samples: davisfunds.com, selectedfunds.com