Master or Prototype Plan means a plan the form of which is the subject of a favorable opinion letter from the Internal Revenue Service.
Master or Prototype Plan. A plan the form of which is the subject of a favorable opinion letter from the Internal Revenue Service.
Master or Prototype Plan means a plan sponsored by a trade or professional association, bank, insurance company or regulated investment company, the form of which is intended to qualify under Code § 401(a).
Examples of Master or Prototype Plan in a sentence
If the Participant is covered under another qualified Defined Contribution Plan maintained by the Employer which is not a Master or Prototype Plan, Annual Additions which may be credited to the Participant’s account under this Plan for any Limitation Year will be limited in accordance with this paragraph as though the other plan were a Master or Prototype Plan unless the Employer specifies other limitations in the Adoption Agreement.
More Definitions of Master or Prototype Plan
Master or Prototype Plan means a plan the form of which is the subject of a favorable opinion letter from the Internal Revenue Service. (56) "Maximum permissible amount" means, except to the extent permitted under this Plan and Code §414(v), the maximum "annual addition" that may be contributed or allocated to a Participant's Accounts under the Plan for any Limitation Year, which shall not exceed the lesser of:
Master or Prototype Plan means a plan, the form of which is the subject of a favorable opinion letter from the IRS.
Master or Prototype Plan means a plan the form of which is the subject of a favorable opinion or notification letter from the Internal Revenue Service.
Master or Prototype Plan. A Plan the form of which is the subject of a favorable opinion letter from the Internal Revenue Service.
Master or Prototype Plan means a plan the form of which is the subject of a favorable opinion letter from the Internal Revenue Service. (10) 'Maximum Permissible Amount' means for a Limitation Year with respect to any Participant the lesser of (A) $30,000 or, if greater, 25 percent of the dollar limitation set forth in Section 515(b)(1) of the Code, as in effect for the Limitation Year, or (B) 25 percent of the Participant's Compensation for the Limitation Year. If a short Limitation Year is created because of an amendment changing the Limitation Year to a different 12-consecutive-month period, the Maximum Permissible Amount will not exceed the limitation in (e)(10)(A) multiplied by a fraction whose numerator is the number of months in the short Limitation Year and whose denominator is 12. The Compensation limitation referred to in subsection (e)(10)(B) shall not apply to any contribution for medical benefits within the meaning of Section 401(h) or Section 419A(f)(2) of the Code after separation from service which is otherwise treated as an Annual Addition under Section 419A(d)(2) or Section 415(l)(1) of the Code. (11) 'Welfare Benefit Fund' means a welfare benefit fund as defined in Section 419(e) of the Code. ARTICLE 6
Master or Prototype Plan means a plan sponsored by a trade or professional association, bank, insurance company or regulated investment company, the form of which is intended to qualify under Code section 401(a).