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.

Examples of Participant Count Date in a sentence

  • 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.

  • 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.

  • For 2023, the applicable rates are:▪ $96 for Single-employer Plans other than CSEC Plans,▪ $19 for CSEC Plans, and▪ $35 for Multiemployer Plans.(2) Participant count – Report the number of Participants covered by the plan on the Participant Count Date separately for active Participants, terminated vested Participants, retirees and beneficiaries receiving payment, and in total.

  • 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, 2022).

  • If another plan transferred assets or liabilities to this New or Newly Covered Plan, be sure to complete the “Transfers from other plans” item (see item 14).(3) Continuation Plan – Check the box to indicate whether this New or Newly Covered Plan meets the definition of a Continuation Plan (see definition).Instructions for Part II – Premium Information 5 Flat-rate Premiuma Report the Participant Count Date.

  • The Participant Count Date is April 1, 2008.Example 4 – Plan A has a calendar plan year and Plan B has a July 1 - June 30 plan year.

  • 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.

  • For 2017, the rate is $69 for Single-employer Plans and $28 for Multiemployer Plans.(2) Participant count – Report the number of participants covered by the plan on the Participant Count Date separately for active participants, terminated vested participants, retirees and beneficiaries receiving payment, and in total.

  • For 2022, the applicable rates are: $88 for Single-employer Plans other than CSEC Plans, $19 for CSEC Plans, and $32 for Multiemployer Plans.(2) Participant count – Report the number of Participants covered by the plan on the Participant Count Date separately for active Participants, terminated vested Participants, retirees and beneficiaries receiving payment, and in total.

  • If the plan year begins on December 30, successive plan months begin on January 30, the last day of February (the 28th or 29th), March 30, April 30, etc.Counting months for New and Newly-covered Plans – The short first year of a New Plan is treated as beginning on the Participant Count Date (i.e., the plan effective date).

Related to Participant Count Date

  • Covered Participant means a Participant who is a “covered employee” as defined in Section 162(m)(3) of the Code, and the regulations promulgated thereunder, and any individual the Committee determines should be treated as such a covered employee.

  • 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;

  • Award Year means a fiscal year beginning January 1 and ending December 31 with respect to which an Award may be granted.

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • 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(h) hereof.

  • Section 16 Participant means a participant under the Plan who is subject to Section 16 of the Exchange Act.

  • 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.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • 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.

  • Plan Participant means a person who is eligible to receive, and is receiving, a pension benefit from the Plan.

  • Regular primary election means the election on the fourth Tuesday of June of

  • Auction Participant or “Bidder” means a Person or Persons who submitted a bid as per the E- Auction Process Memorandum; and shall include a Qualified Bidder or the Successful Bidder and as the context requires;