Defined Benefit Fraction definition
Examples of Defined Benefit Fraction in a sentence
For each Plan Year in which the Plan is Top Heavy, 100% shall be substituted for 125% in determining the Defined Benefit Fraction and the Defined Contribution Fraction.
In any Limitation Year beginning prior to January 1, 2000 in which the Top-Heavy Ratio exceeds 90% (i.e., the Plan becomes Super Top-Heavy), the denominators of the Defined Benefit Fraction and Defined Contribution Fraction shall be computed using 100% of the dollar limitation instead of 125%.
If an Employee was a Participant as of the end of the first day of the first Limitation Year beginning after 1986, in one or more Defined Contribution Plans maintained by the Employer which were in existence on May 6, 1986, the numerator of this fraction will be adjusted if the sum of this fraction and the Defined Benefit Fraction would otherwise exceed 1.0 under the terms of this Plan.
Adjustment to Defined Benefit Fraction and Defined Contribution Fraction under section 6.4. .
Fraction under Section 8.1 If the Plan is Super Top-Heavy, then "one hundred percent (100%)" shall be substituted for "one hundred twenty-five percent (125%)" in the denominator of the Defined Benefit Fraction and the Defined Contribution Fraction under Section 8.1.