Maximum Disparity Rate Clause Samples
Maximum Disparity Rate. (a) If the Definite Integrated Contribution Formula is selected by the Employer under Section 3.04(a) above, the Maximum Disparity Rate is equal to the lesser of:
(i) 5.7%; or
(ii) the applicable percentage determined in accordance with Table I below. If the Integration Level is more than But not more than the applicable percentage is: $0 X* 5.7% X* of Taxable Wage Base 80% of Taxable Wage Base 4.3% 80% of Taxable Wage Base Y** 5.4% Equal to the Taxable Wage Base N/A 5.7% *X = the greater of $10,000 or 20% of the Taxable Wage Base. **Y = any amount more than 80% of the Taxable Wage Base but less than 100% of the Taxable Wage Base.
(b) If the Discretionary Integrated Contribution Formula is selected by the Employer under Section 3.04(b) above, the Maximum Disparity Rate is equal to the lesser of:
(i) 2.7%; or
(ii) the applicable percentage determined in accordance with Table II below: If the Integration Level is more than But not more than the applicable percentage is: $0 X* 2.7% X* of Taxable Wage Base 80% of Taxable Wage Base 1.3% 80% of Taxable Wage Base Y** 2.4% Equal to the Taxable Wage Base N/A 2.7% *X = the greater of $10,000 or 20% of the Taxable Wage Base **Y = any amount more than 80% of the Taxable Wage Base but less than 100% of the Taxable Wage Base.
(c) In no event can the amount allocated to each participant's IRA exceed the lesser of 25% of the participant's compensation or $40,000, as adjusted under Code § 415(d). For purposes of the 25% limitation described in the preceding sentence, a participant's compensation does not include any elective deferral described in Code § 402(g)(3) or any amount that is contributed by the employer at the election of the employee and that is not includible in the gross income of the employee under Code §§ 125, 132(f)(4) or 457.
Maximum Disparity Rate. (a) If the Definite Integrated Contribution Formula is selected by the Employer under Section 3.04(a) above, the Maximum Disparity Rate is equal to the lesser of:
(i) 5.7%; or
(ii) the applicable percentage determined in accordance with Table I below. If the Integration Level $0 X* 5.7% X* of Taxable Wage Base 80% of Taxable Wage Base 4.3% 80% of Taxable Wage Base Y** 5.4% Equal to the Taxable Wage Base N/A 5.7% *X = the greater of $10,000 or 20% of the Taxable Wage Base. **Y = any amount more than 80% of the Taxable Wage Base but less than 100% of the Taxable Wage Base.
Maximum Disparity Rate. The Maximum Disparity Rate is the maximum amount that may be allocated with respect to Excess Compensation under the permitted disparity formula. Unless provided otherwise under AA §6-2(c)(3), the maximum amount that may be allocated as a percentage of Plan Compensation and Excess Compensation is the following percentage: Integration Level Maximum (as a percentage of the Taxable Wage Base) Disparity Rate The Employer may elect to apply a greater Maximum Disparity Rate under AA §6-2(c)(3)(ii).
Maximum Disparity Rate. The maximum amount that may be allocated with respect to Excess Compensation under the permitted disparity allocation formula. See Section 3.02(a)(1)(i)(B) (Profit Sharing Plan) and Section 3.02(b)(2) (Money Purchase Plan).
Maximum Disparity Rate. If the Adopting Employer has selected the integrated contribution or allocation formula in the Adoption Agreement, the integration level shall be defined in the Adoption Agreement. If the Adopting Employer has selected the integrated contribution or allocation formula and no integration level is selected in the Adoption Agreement, the Taxable Wage Base will be the integration level. The maximum disparity rate shall be determined in accordance with the following table. MAXIMUM DISPARITY RATE Integration Level Money Purchase Top-Heavy Profit Sharing Non-Top-Heavy Profit Sharing Taxable Wage Base (TWB) 5.7% 2.7% 5.7% More than $0 but not more than 20 percent of TWB 5.7% 2.7% 5.7% More than 20 percent of TWB but not more than 80 percent of TWB 4.3% 1.3% 4.3% More than 80 percent of TWB but less than TWB 5.4% 2.4% 5.4%
Maximum Disparity Rate. (a) If the Definite Integrated Contribution Formula is selected by the Employer under Section 3.04(a) above, the Maximum Disparity Rate is equal to the lesser of: