Common use of Specific limitation Clause in Contracts

Specific limitation. The Plan Administrator will disregard deferral contributions exceeding % of the Participant’s Compensation. [Note: To avoid the ACP test in a safe harbor 401(k) plan, the Employer must limit deferrals and Employee contributions which are subject to match to 6% of Plan Year Compensation.]

Specific limitation. The Plan Administrator will disregard deferral contributions exceeding 10% of the Participant’s 's Compensation. [Note: To avoid the ACP test in a safe harbor 401(k) plan, the Employer must limit deferrals and Employee contributions which are subject to match to 6% of Plan Year Compensation.]

Specific limitation. The Plan Administrator will disregard deferral contributions exceeding % of the Participant’s 's Compensation. [Note: To avoid the ACP test in a safe harbor 401(k) plan, the Employer must limit deferrals and Employee contributions which are subject to match to 6% of Plan Year Compensation.]] [X] (k)

Specific limitation. The Plan Administrator will disregard deferral contributions exceeding _____% of the Participant’s 's Compensation. [Note: To avoid the ACP test in a safe harbor 401(k) plan, the Employer must limit deferrals and Employee contributions which are subject to match to 6% of Plan Year Compensation.]

Specific limitation. The Plan Administrator will disregard deferral contributions exceeding % of the Participant’s 's Compensation. [Note: To avoid the ACP test in a safe harbor 401(k) plan, the Employer must limit deferrals and Employee contributions which are subject to match to 6% of Plan Year Compensation.]

Specific limitation. The Plan Administrator will disregard deferral contributions exceeding 12% of the Participant’s Compensation. [Note: To avoid the ACP test in a safe harbor 401(k) plan, the Employer must limit deferrals and Employee contributions which are subject to match to 6% of Plan Year Compensation.]