Permissive Aggregation Group. Permissive Aggregation Group means the Required Aggregation Group plus any other qualified plans maintained by the Employer, but only if such group would satisfy in the aggregate the nondiscrimination requirements of Code §401(a)(4) and the coverage requirements of Code §410. The Plan Administrator will determine the Permissive Aggregation Group.
Appears in 5 contracts
Samples: Defined Contribution Pre Approved Plan (J&j Snack Foods Corp), Defined Contribution Prototype Plan and Trust Agreement (Bob Evans Farms Inc), 401(k) Plan Adoption Agreement (Knowles Corp)
Permissive Aggregation Group. “Permissive Aggregation Group Group” means the Required Aggregation Group plus any other qualified plans maintained by of the EmployerEmployer or an Affiliated Employer which, but only if such when considered as a group with the Required Aggregation Group, would continue to satisfy in the aggregate the nondiscrimination requirements of Code §sections 401(a)(4) and the coverage requirements of Code §410. The Plan Administrator will determine the Permissive Aggregation Group.
Appears in 2 contracts
Samples: Retirement Plan Agreement, Retirement Plan Agreement
Permissive Aggregation Group. A Permissive Aggregation Group means is a group of plans of the Required Aggregation Group plus any other qualified plans maintained by Employing Companies and Related Employers that are not required to be aggregated under Section 15.1E above but which, as a group, satisfy the Employer, but only if such group would satisfy in the aggregate the nondiscrimination requirements of Code §Sections 401(a)(4) and 410 of the coverage requirements of Code §410. The Plan Administrator will determine the Permissive Aggregation GroupInternal Revenue Code.
Appears in 1 contract
Samples: 401(k) and Profit Sharing Retirement Plan (Vulcan Materials Co)
