VIRGINIA BANKERS ASSOCIATION MASTER DEFINED CONTRIBUTION PLAN (October, 2007) PROFIT SHARING PLAN ADOPTION AGREEMENT (Number 001)Master Defined Contribution Plan • July 1st, 2013 • Southern National Bancorp of Virginia Inc • State commercial banks • Virginia
The form of this Master Defined Contribution Plan and its related Trust have been designed to comply with the requirements of the Internal Revenue Code, as amended through the Economic Growth and Tax Relief Reconciliation Act of 2001, the Job Creation and Worker Assistance Act of 2002 and the regulations and guidance published by the Internal Revenue Service effective after December 31, 2001 and reflected in 2004 Cumulative List of Changes in Plan Qualification Requirements (IRS Notice 2004-84). This Plan has been submitted to the Internal Revenue Service for approval as to form for use by Employer members of the Virginia Bankers Association as a qualified retirement plan under Section 401 of the Internal Revenue Code. A letter of acceptability from the Internal Revenue Service has been issued by the Internal Revenue Service.
