Automatic Rollover Compliance Sample Clauses
Automatic Rollover Compliance. Except as otherwise specified below, if the Plan provided for cash outs of small benefits, effective as of March 28, 2005, the Plan was amended to comply with the automatic rollover rules of EGTRRA by reducing the cashout limit applicable to Participants to $1,000:
(1) ¨ Instead of reducing the cashout limit, the Plan was amended to provide that mandatory distributions greater than $1,000 would be rolled over directly to an individual retirement plan designated by the Administrator.
(A) ¨ The Plan was subsequently amended, as of the date specified below, to reduce the cashout limit to $1,000: Effective Date: (month/day/year)
Automatic Rollover Compliance. Except as otherwise specified below, if the Plan provided for cash outs of small benefits, effective as of March 28, 2005, the Plan was amended to comply with the automatic rollover rules of EGTRRA by reducing the cashout limit applicable to Participants to $1,000:
(1) ¨Instead of reducing the cashout limit, the Plan was amended to provide that mandatory distributions greater than $1,000 would be rolled over directly to an individual retirement plan designated by the Administrator.
(A) oThe Plan was subsequently amended, as of the date specified below, to reduce the cashout limit to $1,000: Effective Date: ______________________________ (month/day/year)
(d) Final 401(k) and 401(m) Regulations Compliance - Unless a different date is specified below, the following changes for compliance with the final 401(k) and final 401(m) Regulations were effective as of the first day of the first Plan Year beginning on or after January 1, 2006: