Simplified Employee Pension. PLAN An individual retirement account which meets the requirements of Code Section 408(k), and to which the Employer makes contributions pursuant to a written formula. These plans are considered for contribution limitation and Top-Heavy testing purposes.
Appears in 3 contracts
Samples: 401(k) Plan Document (Berkshire Hills Bancorp Inc), Cash or Deferred Profit Sharing Plan (Port Financial Corp), Adoption Agreement (Professionals Insurance Co Management Group)
Simplified Employee Pension. PLAN An A plan under which the Employer makes contributions for eligible Employees pursuant to a written formula. Contributions are made to an individual retirement account which meets the requirements of Code Section 408(k), and to which the Employer makes contributions pursuant to a written formula. These plans are considered for contribution limitation and Top-Heavy testing purposes.
Appears in 2 contracts
Samples: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc), Nonstandardized Adoption Agreement (Felcor Lodging Trust Inc)
Simplified Employee Pension. PLAN An individual retirement account which meets the requirements of Code Section 408(k), ) and to which the Employer makes contributions pursuant to a written formula. These plans are considered for contribution limitation imitation and Top-Heavy testing purposes.
Appears in 1 contract
