Look-Back Year definition

Look-Back Year means the Plan Year preceding the Determination Year.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Look-Back Year means the twelve (12) month period preceding the Determination Year.

Look-Back Year means the Look-Back Year defined in Section 3.04.

Examples of Look-Back Year in a sentence

• The Look-Back Year is the Plan Year immediately prior to the Transition Year.

• The Look-Back Year is the 12-month period immediately preceding the Determination Year, or if the Employer elects in the Adoption Agreement, the calendar year beginning with or within such 12-month period.

• If the Worksite Employee performed services for the CO during the Look-Back Year, then only for purposes of determining HCE status, the Worksite Employee will be deemed to be an Employee of the CO for the Transition Year and the CO will be deemed to have paid to the Worksite Employee any Compensation the PEO paid to the Worksite Employee during the Transition Year.

• In the case of such an adjustment, the dollar limit that will be applied is the one for the calendar year in which the Determination Year and the Look-Back Year begins.

• Calendar Year Data Election - Method for determining greater than $80,000 in compensation (as adjusted by the Secretary pursuant to Code section 415(d)), uses compensation paid during the calendar year beginning with or within the Look-Back Year.

More Definitions of Look-Back Year

Look-Back Year means the 12-month period preceding the Determination Year, or, if the Company elects and allowed by the applicable Regulations, the calendar year ending with or within the applicable Determination Year.

Look-Back Year means the twelve (12) consecutive month period immediately preceding the Determination Year.

Look-Back Year means the twelve (12) month period immediately preceding the Plan Year.

Look-Back Year means the 12-month period immediately preceding the Determination Year.

Look-Back Year means the 12-month period immediately preceding any relevant Plan Year or the calendar year ending with or within the Plan Year, as elected in Article I.

Look-Back Year means, for Plan Years beginning after December 31, 1996, the 12-month period immediately preceding any relevant Plan Year.

Look-Back Year means the period of twelve consecutive months immediately preceding the Determination Year. For purposes of determining the Average Deferral Percentage of Nonhighly Compensated Employees, the Plan Administrator may elect, in accordance with applicable regulations, that the Look-Back Year shall be the Determination Year.