Top-Heavy Duplications. SKIP this Question UNLESS the Employer maintains two or more defined contribution plans. The Employer has determined that a minimum Top-Heavy benefit will be provided as follows:
☐ a. Not applicable
☐ b. A minimum contribution of % of each Non-Key Participant's Compensation shall be provided by:
1. This Plan.
2. The following defined contribution plan:
3. Employees who will receive the minimum benefit under such other plan:
Top-Heavy Duplications. The Employer who maintains two or more Defined Contribution plans makes the following election: (X)
a. Not applicable. ( )
b. A minimum non-integrated contribution of 3% of each Non-Key Participant's Compensation shall be provided by: ( ) b.1. this Plan. ( ) b.2. the following defined contribution plan: ____________________________________________ ( )
Top-Heavy Duplications. (Plan Section 4.3(i)): When a Non-Key Employee is a Participant in this Plan and a Defined Benefit Plan maintained by the Employer, indicate which method shall be utilized to avoid duplication of top heavy minimum benefits (If b., c., d. or e. is elected, f. must be completed)
a. [X] N/A. The Employer does not maintain a Defined Benefit Plan. (Go to next Question)
b. [ ] The full top heavy minimum will be provided in each plan (if selected, Plan Section 4.3(i) shall not apply).
c. [ ] 5% defined contribution minimum.
d. [ ] 2% defined benefit minimum.
e. [ ] Specify the method under which the Plans will provide top heavy minimum benefits for Non-Key Employees that will preclude Employer discretion and avoid inadvertent omissions: NOTE: If c., d., or e. is selected and the Defined Benefit Plan and this Plan do not benefit the same Participants, the uniformity requirement of the Section 401(a)(4) Regulations may be violated.
f. [ ] Interest Rate: ___________________________________________________ Mortality Table: __________________________________________________
Top-Heavy Duplications. If Employer maintains two or more defined contribution plans, the Employer has determined that a Minimum Top-Heavy Allocation will be provided as follows:
a. Not applicable - No other plan or other plan terminated prior to the Effective Date of this Adoption Agreement.
b. A minimum contribution of % of each Non-Key Participant's Compensation shall be provided by:
b.1. This Plan.
b.2. The following defined contribution plan:
b.3. Employees who will receive the minimum contribution under such other plan:
Top-Heavy Duplications. The Employer who maintains two or more Defined Contribution plans makes the following election:
Top-Heavy Duplications. The Employer who maintains two or more defined benefit plans makes the following election:
a. Not applicable.
b. A minimum non-integrated accrual of two percent (2%) of each non-key Participant's Average Annual/Monthly Compensation shall be provided by:
b.1. This Plan.
b.2. The following defined benefit plan:
Top-Heavy Duplications. (Plan Section 4.3(i)): When a Non-Key Employee is a Participant in this Plan and a Defined Benefit Plan maintained by the Employer, indicate which method shall be utilized to avoid duplication of top heavy minimum benefits: (If b., c., d. or e. is elected, f. must be completed.)
a. [ ] N/A. The Employer does not maintain a Defined Benefit Plan other than a paired plan. (Go to next Question) b. [ ] The full top heavy minimum will be provided in each plan (if selected, Plan Section 4.3(i) shall not apply).
Top-Heavy Duplications. (Plan Section 4.3(i)): When a Non-Key Employee is a Participant In this Plan and a Defined Benefit Plan maintained by the Employer, indicate which method shall be utilized to avoid duplication of top heavy minimum benefits (If b., c., d. or e. is elected, f. must be completed) ❑ a. N/A. The Employer does not maintain a Defined Benefit Plan other than a paired plan (Go to next Question.) ❑ b. The full top heavy minimum will be provided in each plan (if selected, Plan Section 4.3(i) shall not apply). ❑ c. 5% defined contribution minimum. ❑ d. 2% defined benefit minimum. ❑ e. Specify the method under which the Plans will provide top heavy minimum benefits for Non-Key Employees that will preclude Employer discretion and avoid inadvertent omissions: AND, the “Present Value of Accrued Benefit” (Plan Section 9.2) for Top Heavy purposes shall be based on… ❑ f. Interest Rate: Mortality Table:
Top-Heavy Duplications. (Plan Section 4.3(i)): When a Non-Key Employee is a Participant In this Plan and another defined contribution plan maintained by the Employer, indicate which method shall be utilized to avoid duplication of top heavy minimum benefits:
❑ a. N/A. The Employer does not maintain another qualified defined contribution plan other than a paired plan.
❑ b. The full top heavy minimum will be provided in each plan.
❑ c. A minimum, non-integrated contribution of 3% of each Non-Key Employee’s 415 Compensation shall be provided in the Money Purchase Plan (or other plan subject to Code Section 412), where the Employer maintains two (2) or more non-paired Defined Contribution Plans.
❑ d. Specify the method under which the Plans will provide top heavy minimum benefits for Non-Key Employees that will preclude Employer discretion and avoid inadvertent omissions, including any adjustments required under Code Section 415:
Top-Heavy Duplications. When a Non-Key Employee is a Participant in this Plan and a defined benefit plan maintained by the EMployer, indicate which method shall be utilized to avoid duplication of top heavy minimum benefits.
