Section 415 Definitions Sample Clauses

Section 415 Definitions. (1) Annual additions: The sum of the following amounts credited to a Participant's account for the limitation year: (a) employer contributions, (b) Employee contributions, (c) forfeitures, and (d) amounts allocated, after March 31, 1984, to an individual medical account, as defined in Section 415(1)(2) of the Code, which is part of a pension or annuity plan maintained by the employer are treated as annual additions to a defined contribution plan. Also amounts derived from contributions paid or accrued after December 31, 1985, in taxable years ending after such date, which are attributable to post-retirement medical benefits, allocated to the separate account of a key employee, as defined in Section 419A(d)(3) of the Code, under a welfare benefit fund, as defined in Section 419(e) of the Code, maintained by the employer are treated as annual additions to a defined contribution plan. For this purpose, any excess amount applied under subparagraphs 8. H. or 8. I. in the limitation year to reduce employer contributions -- -- -- -- will be considered annual additions for such limitation year.