Corrective Distributions. Nothing in this Article shall preclude the Administrator from making a distribution to a Participant, to the extent such distribution is made to correct a qualification defect in accordance with the corrective procedures under any voluntary compliance program.
Appears in 1 contract
Sources: 401(k) Plan (Chevron Corp)
Corrective Distributions. Nothing in this Article shall preclude the Administrator from making a distribution to a Participant, to the extent such distribution is made to correct a qualification defect in accordance with the corrective procedures under the IRS' Employee Plans Compliance Resolution System or any other voluntary compliance programprograms established by the IRS or the Department of Labor.
Appears in 1 contract