Examples of Limitation Year in a sentence
Instead of the Plan Year, the Limitation Year is the 12-month period ending .
The Limitation Year for purposes of the limitation imposed by Code section 415 is the Plan Year.
As soon as is administratively feasible after the end of the Limitation Year, the Maximum Permissible Amount for the Limitation Year will be determined on the basis of the Participant’s actual Compensation for the Limitation Year.
All qualified plans maintained by the Employer must use the same Limitation Year.
Prior to determining the Participant’s actual Compensation for the Limitation Year, the Employer may determine the Maximum Permissible Amount for a Participant on the basis of a reasonable estimation of the Participant’s Compensation for the Limitation Year, uniformly determined for all Participants similarly situated.