TOP. HEAVY MINIMUM CONTRIBUTION Each Plan Year for which the Plan is Top Heavy under Code Section 416, each non-key Employee shall receive an allocation of Employer contributions equal to the lesser of 3% of Compensation or the percentage of Compensation allocated to the Key Employee receiving the highest percentage allocation. The Top-Heavy minimum contribution shall be satisfied under this Plan unless the Employer designates another plan in the Adoption Agreement.
Appears in 6 contracts
Samples: Sep and Sarsep Ira Adoption Agreement (Aim Advisor Funds Inc), Sep and Sarsep Ira Adoption Agreement (Aim Funds Group/De), Sep and Sarsep Ira Adoption Agreement (Aim Equity Funds Inc)
