Common use of VCP fee for nonamenders Clause in Contracts

VCP fee for nonamenders. The VCP compliance fee for a submission that includes only a Plan Document Failure that is solely a failure to amend the plan timely to comply with required tax law changes is determined in accordance with section 12.01(1), as follows: (a) GUST (for plans filed after September 3, 2002), UCA or OBRA ’93 model amendments only – the fee is the halfway point between the minimum amount and the presumptive amount of the applicable fee range. (b) TRA ’86 - the fee is the presumptive amount of the applicable fee range, and clause (a) does not apply. (c) TEFRA, DEFRA, or REA – the fee is the halfway point between the presumptive amount and the maximum amount of the applicable fee range, and clauses (a) and (b) do not apply. (d) ERISA - the fee is the maximum amount of the applicable fee range, and clauses (a), (b), and (c) do not apply.

Appears in 4 contracts

Samples: Revenue Procedure, Revenue Procedure, Revenue Procedure

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VCP fee for nonamenders. The VCP compliance fee for a submission that includes only a Plan Document Failure that is solely a failure to amend the plan timely to comply with required tax law changes is determined in accordance with section 12.01(1), as follows: (a) GUST (for plans filed after September 3, 2002), UCA or OBRA ’93 model amendments only the fee is the halfway point between the minimum amount and the presumptive amount of the applicable fee range. (b) TRA ’86 - the fee is the presumptive pre- sumptive amount of the applicable fee range, and clause (a) does not apply. (c) TEFRA, DEFRA, or REA the fee is the halfway point between the presumptive amount and the maximum amount of the applicable fee range, and clauses (a) and (b) do not apply. (d) ERISA - the fee is the maximum maxi- mum amount of the applicable fee range, and clauses (a), (b), and (c) do not apply.

Appears in 1 contract

Samples: Revenue Procedure

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