Special Rules for Integrated Plans Sample Clauses

Special Rules for Integrated Plans. This Plan may not allocate contributions based on an integrated formula if the Employer maintains any other plan that provides for allocation of contributions based on an integrated formula that benefits any of the same Participants. If the Employer has selected the integrated contribution or allocation formula in the Adoption Agreement, then the maximum disparity rate shall be determined in accordance with the following table. MAXIMUM DISPARITY RATE Top-Heavy Nonstandardized and Integration Level Money Purchase Profit Sharing Non-Top-Heavy Profit Sharing Taxable Wage Base (TWB) 5.7% 2.7% 5.7% More than $0 but not more than 20% of TWB 5.7% 2.7% 5.7% More than 20% of TWB but not more than 80% of TWB 4.3% 1.3% 4.3% More than 80% of TWB but not more than TWB 5.4% 2.4% 5.4%
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Special Rules for Integrated Plans. If the Employer has selected the integrated contribution or allocation formula in the Adoption Agreement, then the maximum disparity rate shall be determined in accordance with the following table. MAXIMUM DISPARITY RATE
Special Rules for Integrated Plans. In the event the Adopting Employer has selected an integrated allocation formula in the Adoption Agreement, subject to the overall permitted disparity limits, Employer Profit Sharing Contributions shall be allocated as follows (the Employer may start with Step 3 if this Plan is not top-heavy).
Special Rules for Integrated Plans. This Plan may not allocate contributions based on an integrated formula if the Employer maintains any other plan that provides for allocation of contributions based on an integrated formula that benefits any of the same Participants. If the Employer has selected the integrated contribution or allocation formula in the Adoption Agreement, then the maximum disparity rate shall be determined in accordance with the following table. ------------------------------------------------------------------------------------------------------------------------------------ MAXIMUM DISPARITY RATE ------------------------------------------------------------------------------------------------------------------------------------ Nonstandardized Top-Heavy & Non-Top-Heavy Integration Level Money Purchase Profit Sharing Profit Sharing ------------------------------------------------------------------------------------------------------------------------------------ Taxable Wage Base (TWB) 5.7% 2.7% 5.7% More than $0 but not more than 20% of TWB 5.7% 2.7% 5.7% ------------------------------------------------------------------------------------------------------------------------------------ More than 20% of TWB but not more than 80% of TWB 4.3% 1.3% 4.3% ------------------------------------------------------------------------------------------------------------------------------------ More than 80% of TWB but not more than TWB 5.4% 2.4% 5.4% ------------------------------------------------------------------------------------------------------------------------------------
Special Rules for Integrated Plans. If the Employer has selected the integrated contribution or allocation formula in the Adoption Agreement, then the maximum disparity rate shall be determined in accordance with the following table. MAXIMUM DISPARITY RATE Integration Level Money Purchase Top-Heavy Nontop-Heavy Profit Sharing Profit Sharing Taxable Wage Base (TWB) 5.7% 2.7% 5.7% More than $0 but not more than X* 5.7% 2.7% 5.7% More than X* of TWB but not more than 80% of TWB 4.3% 1.3% 4.3% More than 80% of TWB but not more than TWB 5.4% 2.4% 5.4% * X means the greater of $10,000 or 20% of TWB.
Special Rules for Integrated Plans. If the Employer selected an integrated contribution or allocation formula in the Adoption Agreement, then the amount by which the "Excess Contribution Percentage" exceeds the "Base Contribution Percentage" cannot be larger than the maximum disparity rate under the following table (depending on the type of plan): ---------------------------------------------------------------------------------------------------------------------- MAXIMUM DISPARITY RATE Standardized and Top-Heavy Non-Top-Heavy Money Nonstandardized Nonstandardized Integration Level Purchase Profit-Sharing Profit-Sharing Taxable Wage Base (TWB) 5.7% 2.7% 5.7% More than $0 but not more than 20% of TWB* 5.7% 2.7% 5.7% More than 20% of TWB* but not more than 80% of TWB 4.3% 1.3% 4.3% More than 80% of TWB but not more than TWB 5.4% 2.4% 5.4% *If 20% of TWB is less than $10,000, substitute $10,000 for "20% of TWB." ---------------------------------------------------------------------------------------------------------------------- As used above:
Special Rules for Integrated Plans. If the Employer selected an integrated contribution or allocation formula in the Adoption Agreement, then the amount by which the "Excess Contribution Percentage" exceeds the "Base Contribution Percentage" cannot be larger than the maximum disparity rate under the following table (depending on the type of plan): As used above:
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Special Rules for Integrated Plans 

Related to Special Rules for Integrated Plans

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