EXCESS AGGREGATE definition

EXCESS AGGREGATE. CONTRIBUTIONS The excess, with respect to any Plan Year, of: (a) the aggregate Contribution Percentage Amounts taken into account in computing the numerator of the Contribution Percentage actually made on behalf of Highly Compensated Employees for such Plan Year, over (b) the maximum Contribution Percentage Amounts permitted by the ACP test (determined hypothetically by reducing contributions made on behalf of Highly Compensated Employees in order of their Contribution Percentages beginning with the highest of such percentages). (c) Such determination shall be made after first determining Excess Elective Deferrals pursuant to paragraph 1.47 and then determining Excess Contributions pursuant to paragraph 1.46.
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EXCESS AGGREGATE. Contributions of Participants who are Highly Compensated Participants shall be reduced and distributed, in accordance with the following:
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EXCESS AGGREGATE. Contributions The excess, with respect to any Plan Year, of: (a) The aggregate Contribution Percentage Amounts taken into account in computing the numerator of the Contribution Percentage actually made on behalf of Highly Compensated Employees for such Plan Year, over (b) The maximum Contribution Percentage Amounts permitted by the ACP test (determined by reducing contributions made on behalf of Highly Compensated Employees in order of their Contribution Percentages beginning with the highest of such percentages). Such determination shall be made after first determining Excess Elective Deferrals pursuant to paragraph 1.34 and then determining Excess Contributions pursuant to paragraph 1.33.
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Examples of EXCESS AGGREGATE in a sentence

  • THE DETERMINATION OF THE EXCESS AGGREGATE CONTRIBUTIONS SHALL BE MADE AFTER FIRST DETERMINING THE EXCESS DEFERRALS, AND THEN DETERMINING THE EXCESS CONTRIBUTIONS.

  • THE DISPOSITION OF AN EXCESS AGGREGATE CONTRIBUTION SHALL BE MADE AT THE END OF THE APPLICABLE TEST YEAR, OR IF NOT ADMINISTRATIVELY FEASIBLE, AT THE END OF THE FOLLOWING PLAN YEAR.

  • SUCH DISTRIBUTIONS SHALL BE MADE TO HIGHLY COMPENSATED ELIGIBLE EMPLOYEES (AS DEFINED IN SECTION 3) ON THE BASIS OF THE RESPECTIVE PORTIONS OF THE EXCESS AGGREGATE CONTRIBUTIONS ATTRIBUTABLE TO EACH OF SUCH EMPLOYEES.

  • IF ANY EXCESS AGGREGATE CONTRIBUTIONS REMAIN AFTER PERFORMING (i), THEN THE ELIGIBLE HIGHLY COMPENSATED EMPLOYEES WHO HAVE THE NEXT HIGHEST DOLLAR AMOUNT OF NONDEDUCTIBLE VOLUNTARY CONTRIBUTIONS (INCLUDING THOSE REDUCED UNDER (i) ABOVE) SHALL BE REDUCED BY THE AMOUNT REQUIRED TO CAUSE SUCH ELIGIBLE HIGHLY COMPENSATED EMPLOYEES' CONTRIBUTIONS TO EQUAL THE NEXT HIGHEST DOLLAR AMOUNT RECEIVED BY ELIGIBLE HIGHLY COMPENSATED EMPLOYEES.

  • THE EXCESS AGGREGATE CONTRIBUTIONS SHALL BE ADJUSTED FOR INCOME OR LOSS.

  • The intention of this Initiative is to align criteria from the “success factors” with California Community College courses currently approved in corresponding Intersegmental General Education Transfer Curriculum (IGETC) areas in order to prepare Students for law school and the legal profession prior to transfer.

  • ALSO, UNLESS THE ADMINISTRATOR'S REPRESENTATIVE AND THE TRUSTEE AGREE OTHERWISE IN WRITING, EXCESS AGGREGATE CONTRIBUTIONS SHALL NOT BE ADJUSTED FOR INCOME OR LOSS FOR THE PERIOD BETWEEN THE VALUATION DATE COINCIDENT WITH OR IMMEDIATELY BEFORE THE LAST DAY OF SUCH PRECEDING TAXABLE YEAR AND THE DATE OF DISTRIBUTION OF THE EXCESS CONTRIBUTIONS.

  • NOTWITHSTANDING ANY OTHER PROVISION OF THE PLAN STATEMENT, EXCESS AGGREGATE CONTRIBUTIONS, PLUS ANY INCOME AND MINUS ANY LOSS ALLOCABLE THERETO, SHALL BE DISTRIBUTED NO LATER THAN THE LAST DAY OF THE FOLLOWING PLAN YEAR TO ELIGIBLE HIGHLY COMPENSATED EMPLOYEES AS DETERMINED IN THIS SECTION.

  • THE EXCESS AGGREGATE CONTRIBUTIONS TO BE DISTRIBUTED TO ANY ELIGIBLE HIGHLY COMPENSATED EMPLOYEE SHALL BE ADJUSTED FOR INCOME OR LOSS.

  • EXCESS AGGREGATE CONTRIBUTIONS, PLUS ANY INCOME AND MINUS ANY LOSS ALLOCABLE THERETO, SHALL BE DISTRIBUTED FROM THE PARTICIPANT'S NONDEDUCTIBLE VOLUNTARY ACCOUNT FOR THE PLAN YEAR.


More Definitions of EXCESS AGGREGATE

EXCESS AGGREGATE. CONTRIBUTIONS shall have the meaning assigned to it by Section 4.14.
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Related to EXCESS AGGREGATE

  • Excess Aggregate Contributions means, with respect to any Plan Year, the excess of:

  • Excess Overcollateralized Amount With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, the excess, if any, of (i) the Overcollateralized Amount for such Distribution Date (calculated for this purpose only after assuming that 100% of the Principal Remittance Amount on such Distribution Date has been distributed) over (ii) the Overcollateralization Target Amount for such Distribution Date.

  • Undercollateralized Amount As defined in Section 4.01(b)(iii).

  • Aggregate means the sums expended or to be expended for the provision or performance of any goods or services in connection with the same immediate purpose or task, or the furnishing of similar goods or services, during the same contract year through a contract awarded by a purchasing agent.

  • Broken Amount means, in respect of any Interest Payment Date, the amount specified in the relevant Final Terms.