Statutory Limitations definition
Statutory Limitations means:
Statutory Limitations means (i) the coverage and benefit requirements the Qualified Plan must satisfy in order to comply with the nondiscrimination requirements of the Code, and (ii) the compensation and benefits limitations which are imposed on the Qualified Plan under Section 401(a)(17) and Section 415 of the Code, and the regulations promulgated thereunder.
Statutory Limitations means, with respect to any 401(k) Plan Year, the limitations imposed under sections 401(a)(17) and 415 of the Code with respect to the amount of compensation that may be taken into account in calculating contributions on behalf of any Member, and the amount of contributions that may be allocated to a Member's account, under the 401(k) Plan for such year.
Examples of Statutory Limitations in a sentence
The Parties acknowledge and agree that the ability of the City to perform certain financial obligations pursuant to this Agreement beyond the current fiscal year are subject to Statutory Limitations.
More Definitions of Statutory Limitations
Statutory Limitations means the limitations placed on the benefits that can be accrued under a qualified pension plan pursuant to Section 401(a)(17) and 415 of the Code.
Statutory Limitations means any statutory or regulatory limitations on salary reduction (other than the applicable dollar limit under Code Section 402(g)(1)) or matching contributions to the Qualified Plan, or on compensation taken into account in calculating employer or employee contributions to the Qualified Plan.
Statutory Limitations means, with respect to the Borrower, the Kansas Cash Basis Law (K.S.A. 10-1101 et seq.) and the Budget Law (K.S.A. 79-2925 et seq.).
Statutory Limitations means the annual addition, contribution and compensation limitations applicable to plans qualified under Code section 401(a).
Statutory Limitations means the limitations imposed by Sections 401(a)(17), 401(k)(3), 401(m)(2), 402(g)(1) and 415 of the Code on the amount that may be contributed to the Profit Sharing Plan and/or the Money Purchase Pension Plan on behalf of an Eligible Employee.
Statutory Limitations means the limitations set forth in Sections 401(k)(3), 402(g), 401(a)(17), 401(m)(2), 414(s) and 415 of the Code.
Statutory Limitations means (1) the Section 415 Limitations and (2) the Compensation Limitation.