Plan-to-Plan Transfers. All Plan-to-Plan Transfers shall be credited to the Plan-to-Plan Transfer Account of such Employee as of each Valuation Date. Notwithstanding the preceding, any portion of a Plan-to-Plan Transfer or Rollover Contribution that the Plan Administrator has certified to the Trustee as having been subject to the restrictions on distribution set forth in Code section 401(k)(2)(B) while in the other qualified plan shall be credited to the Salary Deferral Account of the Employee, as of each Valuation Date.
Appears in 3 contracts
Samples: Basic Plan Document (Fairfax Financial Holdings LTD/ Can), 401(k) Plan Document (Metals Usa Inc), 401(k) Plan Document (Metals Usa Inc)
Plan-to-Plan Transfers. All Plan-to-Plan Transfers shall be credited to the Plan-to-Plan Transfer Account of such Employee as of each Valuation Date. Notwithstanding the preceding, any portion of a Plan-to-Plan Transfer or Rollover Contribution contribution that the Plan Administrator has certified to the Trustee as having been subject to the restrictions on distribution set forth in Code section 401(k)(2)(B) while in the other qualified plan shall be credited to the Salary Deferral Account of the Employee, as of each Valuation Date.
Appears in 2 contracts
Samples: Adoption Agreement (Sonic Corp), Adoption Agreement (BRPP LLC)
