Integration Level. The amount of Compensation specified in the Adoption Agreement at or below which the rate of contributions or benefits (expressed in each case as a percentage of such Compensation) provided under the Plan is less than the rate of contributions or benefits (expressed in each case as a percentage of such Compensation) provided under the Plan with respect to Compensation above such level. The Adoption Agreement must specify an Integration Level in effect for the Plan Year. No Integration Level in effect for a particular Plan Year may exceed the contribution and benefit base (“Taxable Wage Base”) under Section 230 [Code Section 3121(a)(1)] of the Social Security Act in effect on the first day of the Plan Year.
Integration Level. The Integration Level under the Plan is: (Choose (1) or (2))
Integration Level. The taxable wage base, or such lesser amount elected by the Employer in the Adoption Agreement. The taxable wage base is the maximum amount of earnings which may be considered wages for a year under section 3121(a)(1) of the Code in effect as of the beginning of the Plan Year.
Integration Level. For purposes of determining the permitted disparity contribution under (1) or
Integration Level. Unless selected otherwise in the Adoption Agreement, the Integration Level shall be the taxable wage base. The Integration Level is the dollar amount at or below which the rate of contributions or benefits (expressed as a percentage of Plan Compensation) is less than the rate of contributions above that dollar amount. The term “Integration Level” only applies if the Plan is integrated with Social Security. If an integrated Employer Profit Sharing or Money Purchase Contribution is made for a Short Plan Year (as defined in Section 3.1.9), the Integration Level used for purposes of determining and allocating such contribution shall equal the otherwise applicable Integration Level multiplied by a fraction, the numerator of which is the number of months in the Plan Year and the denominator of which is 12.
Integration Level. Instead of the Taxable Wage Base, the Integration Level is: □ (i) % of the Taxable Wage Base, increased (but not above the Taxable Wage Base) to the next higher: □ (A) N/A □ (B) $1 □ (C) $100 □ (D) $1,000 □ (ii) $ (not to exceed the Taxable Wage Base) □ (iii) 20% of the Taxable Wage Base, reduced by $1 [Note: The maximum integration percentage of 5.7% must be reduced to (i) 5.4% if the Integration Level is based on an amount that is greater than 80% but less than 100% of the Taxable Wage Base or (ii) 4.3% if the Integration Level is based on an amount that is greater than 20% but less than or equal to 80% of the Taxable Wage Base. See Section 3.02(a)(1)(ii) of the Plan.] □ (2) Four-step permitted disparity formula. Check this (2) if: □ (i) The four-step permitted disparity formula will always be used.
Integration Level. The level of Participants' Compensation elected in the Adoption Agreement at which allocations of Employer Contributions may change.
Integration Level. The Taxable Wage Base, unless specified otherwise under AA §6-2(c)(3).
Integration Level. The Integration Level under the Plan is used for determining the Excess Compensation or Offset Compensation used to determine a Participant’s Stated Benefit under the Plan. The Employer may elect under Part 4, #14.d.(1)(a) of the Agreement to use a Participant’s Covered Compensation for the Plan Year as the Integration Level. Alternatively, the Employer may elect under Parts 4, #14.d.(1)(b) ― (e) to apply an alternative Integration Level under the Plan. (See subsection (c)(3)(iii) above for special rules that apply if the Employer elects an alternative Integration Level.)
Integration Level. (a) The integration level shall be equal to the taxable wage base or such lesser amount elected by the employer in the adoption agreement. The taxable wage base is the contribution and benefit base in effect under section 230 of the social Security Act at the beginning of the plan year. The maximum profit sharing disparity rate is equal to the lesser of:
