Section 415 Suspense Account definition

Section 415 Suspense Account means an unallocated account equal to the sum of "excess amount" for all Members in the Plan during the "limitation year." The "Section 415 suspense account" shall not share in any earnings or losses of the Trust Fund.
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Section 415 Suspense Account means an Account established pursuant to Section 5.1 of the Plan to which are credited excess amounts that cannot be allocated to a Participant’s other Accounts by reason of Section 415 of the Code.
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Section 415 Suspense Account means an unallocated account equal to the sum of "excess amounts" for all Participants in the Plan during the "limitation year." The "Section 415 suspense account" shall not share in any earnings or losses of the Trust Fund.
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Examples of Section 415 Suspense Account in a sentence

  • However, if such allocation or reallocation of the excess amounts causes the limitations of Section 415 to be exceeded with respect to each Plan Participant for the Limitation Year, then such amounts shall be held unallocated in a suspense account (the "Section 415 Suspense Account").

  • The Section 415 Suspense Account shall not share in any earnings or losses of the Trust Fund.

  • If a Section 415 Suspense Account is in existence at any time during a particular Limitation Year, other than the Limitation Year described in the preceding sentence, all amounts in the Section 415 Suspense Account shall be allocated and reallocated (subject to the limitations of Section 415) before any contributions by the Company which would constitute annual additions may be made to the Plan for that Limitation Year.

  • Excess amounts in the Section 415 Suspense Account may not be distributed to Participants or former Participants.

  • If the Section 415 Suspense Account is in existence at any time during a particular Limitation Year, all amounts in such account must be allocated and reallocated to Participants' Accounts before any Employer contributions or any Employee contributions may be made to the Plan for that Limitation Year.

  • Earnings, Losses And Reallocation: If the Section 415 Suspense Account is in existence at any time during a Limitation Year pursuant to this Section, it will not share in the allocation of the earnings or losses of the Trust Fund.

  • COLUMBIA TAX-EXEMPT INSURED FUND and COLUMBIA TAX-EXEMPT FUND each pays a service fee at an annual rate of 0.20% of the net assets of its Class A, B and C shares.

  • Reallocation In The Current Year: After the return of contributions and the distribution of gains specified in paragraph (a) have been made, and prior to the creation of a Section 415 Suspense Account as set forth in paragraph (c) below, any excess will be reallocated in accordance with Section 3.2 to all Participants who have not yet attained their maximum Annual Addition.

  • In the event of termination of the Plan, the balance of the Section 415 Suspense Account shall revert to the Company to the extent it may not then be allocated to any Participants' Accounts.

  • To the extent excess Annual Additions exist after the distributions described in subparagraphs (a) through (c), such excess amounts shall be allocated to a Section 415 Suspense Account.


More Definitions of Section 415 Suspense Account

Section 415 Suspense Account means an unallocated account equal to the sum of "excess amounts" for all Participants in the Plan during the Plan Year. The Section 415 Suspense Account shall not share in any earnings or losses of the Trust Fund.
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Section 415 Suspense Account means the unallocated account established for the purpose of holding Excess Amounts.
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Section 415 Suspense Account means an unallocated account equal to the sum of the "excess amounts" for all Participants in the Plan during the 3 - 6
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Section 415 Suspense Account means an unallocated account equal to the sum of "excess amounts" for all Participants in the Plan during the "limitation year."
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Section 415 Suspense Account will mean an unallocated account equal to the sum of Excess Amounts for all Participants in the Plan during the Limitation Year, reduced by any returns made in accordance with this section.
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Section 415 Suspense Account means an account established pursuant to section 7.7(c) with respect to excess Annual Additions held for reallocation in future Plan Years.
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Related to Section 415 Suspense Account

  • Suspense Account means the account established by the Trustee for maintaining contributions and forfeitures which have not yet been allocated to Participants.

  • Expense Account The account established pursuant to Section 10.3(c).

  • Certificate Account The account maintained by the Trustee in accordance with the provisions of Section 4.04.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Affiliate Account means, as to any Access Person, an Account:

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) shall be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Separate Accounts means the accounts which are to be prepared for each

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Purchase Account means the account so designated in each Purchase and Remarketing Fund.