Excess Annual Additions. Notwithstanding any provision of the Plan to the contrary, if the annual additions (within the meaning of Code §415) are exceeded for any participant, then the Plan may only correct such excess in accordance with the Employee Plans Compliance Resolution System (EPCRS) as set forth in Revenue Procedure 2006-27 or any superseding guidance, including, but not limited to, the preamble of the final §415 regulations.
Appears in 6 contracts
Samples: 401(k) Plan Adoption Agreement (Knowles Corp), 401(k) Profit Sharing Plan (Nci Building Systems Inc), 401(k) Plan Adoption Agreement (Firstmerit Corp /Oh/)
Excess Annual Additions. Notwithstanding any provision of the Plan to the contrary, if the annual additions (within the meaning of Code §section 415) are exceeded for any participant, then the Plan may only correct such excess in accordance with the Employee Plans Compliance Resolution System (EPCRS) as set forth in Revenue Procedure 20062013-27 12 or any superseding guidance, including, but not limited to, the preamble of the final §section 415 regulations.
Appears in 3 contracts
Samples: Individual 401(k) Plan Purchase Agreement, Employer Sponsored Plan Account Agreement, Employer Sponsored Plan Account Agreement
Excess Annual Additions. Notwithstanding any provision of the Plan to the contrary, if the annual additions (within the meaning of Code §Section 415) are exceeded for any participantParticipant, then the Plan may only correct such excess in accordance with the Employee Plans Compliance Resolution System (EPCRS) as set forth in Revenue Procedure 20062008-27 50 or any superseding guidance, including, but not limited to, the preamble of the final §Code Section 415 regulations.
Appears in 2 contracts
Samples: 401(k) Savings and Retirement Plan (Castle a M & Co), 401(k) Savings and Retirement Plan (Castle a M & Co)
Excess Annual Additions. Notwithstanding any provision of the Plan to the contrary, if the annual additions (within the meaning of Code §Section 415) are exceeded for any participantParticipant, then the Plan may only correct such excess in accordance with the Employee Plans Compliance Resolution System (EPCRS) as set forth in Revenue Procedure 2006-27 or any superseding guidance, including, but not limited to, the preamble of the final §Section 415 regulations.
Appears in 1 contract
Samples: 401(k) Savings and Retirement Plan (Castle a M & Co)
Excess Annual Additions. Notwithstanding any provision of the Plan to the contrary, if the annual additions Annual Additions (within the meaning of Code §Section 415) are exceeded for any participantParticipant, then the Plan may only correct such excess in accordance with the Employee Plans Compliance Resolution System (EPCRS) as set forth in Revenue Procedure 20062008-27 50 or any superseding guidance, including, but not limited to, the preamble of the final §Section 415 regulations.
Appears in 1 contract
Samples: Pension Plan and Trust Agreement
