Examples of Controlled Group Member in a sentence
Single-Person Covered Entity or Controlled Group Member InformationEnter the single-person covered entity, common parent of affiliated group, or designated entity information on the first line.
Controlled Group Member means the City and each member of a controlled group of corporations (as defined in Code Section 414(b) and as modified by Code Section 415(h)), all commonly controlled trades or businesses (as defined in Code Section 414(c) and as modified by Code Section 415(h)), affiliated service groups (as defined in Code Section 414(m)) of which the City is a part and other organizations required to be aggregated for this purpose under Code Section 414(o).
The annual benefit does not include any benefits attributable to employee contributions, rollover contributions or the assets transferred from a qualified plan that was not maintained by a Controlled Group Member.
For purposes of the allocation limitations under Code section 415 set forth in this Article, (i) all Defined Benefit Plans ever maintained by a Controlled Group Member will be treated as one Defined Benefit Plan, and all Defined Contribution Plans ever maintained by a Controlled Group Member will be treated as one Defined Contribution Plan, and (ii) Controlled Group Members will be determined in accordance with the 50% control rule of Code section 415(h).
Notwithstanding any other provision of this Plan, to the extent required by section 414 of the Code, service as an employee of any Controlled Group Member will be counted as Continuous Service in the same manner as if it was service with the Employer.