Common use of Coordination with Excess Deferrals Clause in Contracts

Coordination with Excess Deferrals. The amount of Excess Contributions to be distributed to a Participant shall be reduced by the Excess Deferrals previously distributed to the Participant for his taxable year ending in the Plan Year for which the Excess Contributions are made

Appears in 2 contracts

Sources: Basic Plan Document (Fairfax Financial Holdings LTD/ Can), 401(k) Plan Document (Metals Usa Inc)

Coordination with Excess Deferrals. The amount of Excess Contributions to be distributed to a Participant shall be reduced by the Excess Deferrals previously distributed to the Participant for his taxable year ending in the Plan Year for which the Excess Contributions are made.

Appears in 1 contract

Sources: 401(k) Plan Document (Metals Usa Inc)