Excess Annual Additions definition

Excess Annual Additions means Annual Additions that exceed the limits of Code Section 415 for a Limitation Year.
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Excess Annual Additions means Annual Additions that exceed the Code § 415 limitation on Annual Additions set forth in Article XV.
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Excess Annual Additions means Annual Additions, as defined in Section 15.1(a), that exceed the Code § 415 limitation on Annual Additions.
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Examples of Excess Annual Additions in a sentence

  • Debt with a maturity below one year is typically current debt with different interest rates than the interest rates of long term debt and should not be considered in the analysis.o The contract of lending between the parent company and the legal entity owning the assets of the project activity.The parameter kd should be calculated as the weighted average cost of debt funding of the legal entity owning the project activity.

  • A Participant’s Excess Annual Additions for a taxable year are includible in the Participant’s gross income for that taxable year.

  • Excess Annual Additions shall be deemed to consist of the Annual Additions last allocated except that Annual Additions to a defined contribution plan maintained by an employer controlled by the Participant shall be deemed to have been allocated first.

  • A Participant's Excess Annual Additions attributable to this Plan shall be credited in the year of the excess to a separate account under the Plan for such Excess Annual Additions which shall be maintained by the Vendor until the Excess Annual Additions are distributed.

  • A Participant's Excess Annual Additions for a taxable year are includible in the Participant's gross income for that taxable year.

  • The unit plan follows the seventh NEC guidelines, including the TETE policy, to demonstrate that CLT can teach grammar.

  • If any excess still remains, there are two methods to correct Excess Annual Additions to the Plan.

  • Excess Annual Additions shall be included in the Participant’s gross income and the Recordkeeper shall maintain a separate account for such Excess Annual Additions for the year of the excess and for each year thereafter.

  • A Participant’s Excess Annual Additions for a Taxable Year are includible in the Participant’s gross income for that Taxable Year.

  • If as of the end of the Plan Year, the Annual Additions allocated to any Participant's Account exceed the limitations of this Article V, the Excess Annual Additions will be corrected as permitted under the Employee Plans Compliance Resolution System (or similar Internal Revenue Service correction program).


More Definitions of Excess Annual Additions

Excess Annual Additions means an amount of Annual Additions credited to a Participant’s Account that exceeds the maximum Annual Additions limitation set forth in Section 6.1 for any Limitation Year. If Excess Annual Additions are treated according to Section 6.4, then such Excess Annual Additions will not be deemed Annual Additions.
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Excess Annual Additions means the portion of the allocation of contributions and forfeitures that cannot be added to Participant's Account due to the limitations on annual additions described in Section 4.8.
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Excess Annual Additions means the excess of the Participant's "Annual Additions" for the Limitation Year over the "Maximum Permissible Amount.
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Related to Excess Annual Additions

  • Annual Additions means the sum of the following amounts credited to a Participant for a Limitation Year:

  • Annual Addition The sum of the following amounts allocated on behalf of a Participant for a Limitation Year, of (i) all Employer contributions; (ii) all forfeitures; and (iii) all Employee contributions. Except to the extent provided in Treasury regulations, Annual Additions include excess contributions described in Code Section 401(k), excess aggregate contributions described in Code Section 401(m) and excess deferrals described in Code Section 402(g), irrespective of whether the plan distributes or forfeits such excess amounts. Annual Additions also include Excess Amounts reapplied to reduce Employer contributions under Section 3.10. Amounts allocated after March 31, 1984, to an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer are Annual Additions. Furthermore, Annual Additions include contributions paid or accrued after December 31, 1985, for taxable years ending after December 31, 1985, attributable to post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)) under a welfare benefit fund (as defined in Code Section 419(e)) maintained by the Employer.

  • Limitation Year means the Plan Year.

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.