Benefiting means benefiting under the Plan for any Plan Year during which a Participant received or is deemed to receive an allocation in accordance with Regulation 1.410(b)-3(a).
Benefiting means, with respect to a Participant, that such Participant is treated as benefiting under the Plan for any Plan Year during which the Participant received or is deemed to receive an allocation in accordance with Treas. Reg. ss. 1.410(b)-3(a).
Benefiting under the Plan divided by the number of "includible" Employees who are Non-Highly Compensated Employees. The "benefiting ratio" of the Highly Compensated Employees is the number of Highly Compensated Employees "benefiting" under the Plan divided by the number of "includible" Highly Compensated Employees. "Includible" Employees are all Employees other than: (1) those Employees excluded from participating in the plan for the entire Plan Year by reason of the collective bargaining unit exclusion or the nonresident alien exclusion described in the Code or by reason of the age and service requirements of Article III; and (2) any Employee who incurs a separation from service during the Plan Year and fails to complete at least 501 Hours of Service (or three (3) months of service if the Elapsed Time Method is being used) during such Plan Year. For purposes of this subsection, an Employee is "benefiting" under the Plan on a particular date if, under the Plan, the Employee is entitled to an Employer contribution or an allocation of Forfeitures for the Plan Year. If this subsection applies, then the Administrator will suspend the allocation conditions for the "includible" Non-Highly Compensated Employees who are Participants, beginning first with the "includible" Employees employed by the Employer on the last day of the Plan Year, then the "includible" Employees who have the latest separation from service during the Plan Year, and continuing to suspend the allocation conditions for each "includible" Employee who incurred an earlier separation from service, from the latest to the earliest separation from service date, until the Plan satisfies the "ratio percentage test" for the Plan Year. If two or more "includible" Employees have a separation from service on the same day, then the Administrator will suspend the allocation conditions for all such "includible" Employees, irrespective of whether the Plan can satisfy the "ratio percentage test" by accruing benefits for fewer than all such "includible" Employees. If the Plan for any Plan Year suspends the allocation conditions for an "includible" Employee, then that Employee will share in the allocation for that Plan Year of the Employer contribution and Forfeitures, if any, without regard to whether the Employee has satisfied the other allocation conditions set forth in this Section.
Examples of Benefiting in a sentence
Benefiting in any way from any transaction involving any item exported or to be exported from the United States that is subject to the Regulations, or in any other activity subject to the Regulations.
Benefiting in any way from anytransaction involving any item exported or to be exported from the United States that is subject to the Regulations, or in any other activity subject to the Regulations.
Subtitle A—Relief From Imports Benefiting From the Agreement SEC.
Regulations.TITLE III—RELIEF FROM IMPORTSSec.301.Definitions.Subtitle A—Relief From Imports Benefiting From the AgreementSec.311.Commencing of action for relief.Sec.312.Commission action on petition.Sec.313.Provision of relief.Sec.314.Termination of relief authority.Sec.315.Compensation authority.Sec.316.Confidential business information.Subtitle B—Textile and Apparel Safeguard Measures Sec.
Benefiting in any way from anytransaction involving any item exported or to be exported from the United States that is subject to the EAR, or in any other activity subject to the EAR.
More Definitions of Benefiting
Benefiting means receiving an allocation under the Plan for a Plan Year in accordance with IRS Regulation Section 1.410(b)-3(a).
Benefiting means a Participant is treated as benefiting under the Plan for any Plan Year during which the Participant received or is deemed to receive an allocation in accordance with Section 1.410(b)-3(a) of the Internal Revenue Code.
Benefiting means that a Participant has received or is deemed to have received an allocation in accordance with Reg. § 1.410(b)-3(a) for the Plan Year.
Benefiting means, for any Plan Year, that the Participant has received or is deemed to have received an allocation under the Plan in accordance with IRS Regulation Section 1.410(b)-3(a).
Benefiting means to receive or use a service on a parcel owned, used, leased, developed or occupied by or for the person to whom the benefit is imputed.
Benefiting means benefiting under the Plan for any Plan Year during which a Participant received or is deemed to receive an allocation in accordance with Regulation ss.1.410(b)-3(a).
Benefiting means that employees must be eligible to receive a matching contribution if they were eligible to defer an amount to the plan (regardless of whether they actually defer). However, a participant may be excluded for testing purposes if the participant is not actively employed on the last day of the plan year and failed to complete more than 500 hours of service (or three consecutive months of service if the elapsed time method is being used) prior to terminating employment. Plans that provide the traditional approach of requiring 1,000 hours of service and/or last day employment to receive an allocation can still satisfy the requirements.