Participant Count Date definition

Participant Count Date means the date on which Participants are counted for purposes of determining the Flat-rate Premium, the MAP-21 Cap on the Variable-rate Premium, whether the plan is a Small Plan, and, if applicable, the Small Employer Cap on the Variable-rate Premium. In general, it is the last day of the Prior Premium Payment Year, but there are some exceptions. See “How to Count Participants” section for more information.
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Examples of Participant Count Date in a sentence

  • Regardless of whether the Lookback Rule applies, this date is called the UVB Valuation Date to distinguish it from the Participant Count Date (see “How to Count Participants” section).So, for plans using the Lookback Rule, the UVB Valuation Date is the valuation date used to determine the minimum required contribution (i.e., “the funding valuation date”) for the Lookback Year.

  • This may happen, for example, if your plan is a New Plan that grants no past service credits, so that there are no Benefit Liabilities on the Participant Count Date.

  • The date on which Participants are counted is called the “Participant Count Date.” Participant Count DateIn general, the Participant Count Date is the last day of the Prior Premium Payment Year.

  • Exception – if the plan reports that the Merger is De Minimis, but the surviving plan was the smaller of the two plans, the special Participant Count Date rule would apply.

  • This is so that the AGM can proceed conveniently in a quick and efficient manner, as well as to allow the appointed vote inspectors to effectively count all the votes casted for verification and disclose in the Minutes of AGM.

  • See special rule re: beginning of year non de minimis Spinoffs in “How to Count Participants” section.- Plan B: Because Plan B is a New Plan, its Participant Count Date is also the first day of the plan year (January 1, 2018).Note – if the Spinoff had been de minimis, the special Participant Count Date rule would not apply (i.e., Plan A’s Participant Count Date would have been December 31, 2017).

  • Because Plan B’s Participant Count Date is January 1, 2018, that means both plans would have owed Flat-Rate Premiums on behalf of the participants that were spun off from Plan A to Plan B.

  • Although Participant Count Date is not used to determine the Variable-rate premium, it is included in the table so that all of the variables affecting premium calculations are contained in one summary.

  • As long as Plan A properly reports the Merger in its 2022 filing, it is not necessary for Plan B to amend its 2021 filing to indicate that that is the final filing.Note – if the Merger had been De Minimis, the special Participant Count Date rule would not apply (i.e., Plan A’s Participant Count Date would have been December 31, 2021).

  • Note – if the Spinoff had been De Minimis, the special Participant Count Date rule would not apply (i.e., Plan A’s Participant Count Date would have been December 31, 2022).

Related to Participant Count Date

  • Plan Year means the calendar year.

  • Active Participant means, with respect to any day or date, a Participant who is in Service on such day or date; provided, that a Participant shall cease to be an Active Participant (i) immediately upon a determination by the Committee that the Participant has ceased to be an Employee or Independent Contractor, or (ii) at the end of the Plan Year that the Committee determines the Participant no longer meets the eligibility requirements of the Plan.

  • CDS Participant means a participant in CDS that holds security entitlements in Units on behalf of beneficial owners of those Units;

  • Participant ID means each unique identifier assigned to a Participant other than a DMA Customer by BSEF for access to the SEF operated by BSEF.

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Deferral Period has the meaning set forth in Section 3(i) hereof.

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • Participant has the meaning specified in Section 10.06(d).

  • Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;