Paired Plans. Two (2) or more plans which are either a combination of two (2) or more standardized Defined Contribution Plans or a combination of one (1) or more standardized Defined Contribution Plan(s) and one (1) Defined Benefit Plan offered by the same sponsor, which have been designed so that any single Plan, or combination of Plans adopted by an Employer, where each Plan by itself or the Plans together will meet the requirements of the antidiscrimination rules, the contribution and benefit limitations, and the Top-Heavy provisions of Code Sections 401(a)(4), 415 and 416.
Appears in 8 contracts
Samples: Defined Contribution Plan (FNB United Corp.), Defined Contribution Plan (Century Bancorp Inc), Defined Contribution Plan (United Community Bancorp)
