Common use of Reduction of Account Balance Correction Method Clause in Contracts

Reduction of Account Balance Correction Method. The allocation of contributions or forfeitures under a defined contribution plan for a plan year on the basis of compensation in excess of the limit under □ 401(a)(17) for the plan year may be corrected using the reduction of

Reduction of Account Balance Correction Method. The allocation of contributions or forfeitures under a defined contribution plan for a plan year on the basis of compensation in excess of the limit under □ 401(a)(17) for the plan year may be corrected using the reduction ofunder