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Common use of Top Heavy Minimum Allocation Clause in Contracts

Top Heavy Minimum Allocation. Unless the Employer in an Addendum to its Adoption Agreement elects to satisfy any top-heavy minimum allocation requirement in another plan (not maintained under this basic plan document), the Employer in this Plan must satisfy the top-heavy requirements of Article XII.

Appears in 4 contracts

Sources: 401(k) Plan Adoption Agreement (Petco Animal Supplies Inc), Defined Contribution Prototype Plan (Trimeris Inc), Defined Contribution Prototype Plan (MSC Software Corp)

Related Clauses

  • Excess Contributions
  • FORFEITURE ALLOCATION
  • Limitation on Allocation of Net Loss
  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels
  • Limitation Year

Parent Clauses

  • Contribution Allocation
  • ELECTION NOT TO PARTICIPATE
  • EMPLOYER CONTRIBUTIONS AND FORFEITURES
  • Amount of Employer Contributions and Plan Allocations
  • DETERMINATION OF TOP HEAVY STATUS

Sub-Clauses

  • SPECIAL DEFINITIONS
  • NO ALLOCATIONS
  • TOP HEAVY MINIMUM ALLOCATION UNDER NONSTANDARDIZED PLAN
  • TOP HEAVY MINIMUM ALLOCATION UNDER STANDARDIZED PLAN
  • ELECTION OF METHOD
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