Excess Aggregate Contribution definition

Excess Aggregate Contribution means, for each contributor, the amount by which that contributor's aggregate contribution exceeds that contributor's allowable aggregate contribution.

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Excess Aggregate Contribution means the amount contributed by or on behalf of a Highly Compensated Employee in excess of the ACP Test limit, as specified in Plan section 6.5.

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

Examples of Excess Aggregate Contribution in a sentence

• The amount by which each Highly Compensated Employee's Contribution Percentage Amounts is reduced shall be treated as an Excess Aggregate Contribution.

• The amount by which each Highly Compensated Employee's Contribution Percentage Amounts (or ADP, if elected) is reduced shall be treated as an Excess Aggregate Contribution (or Excess Contribution, if elected).

• The amount by which each Highly Compensated Employee's Contribution Percentage is reduced shall be treated as an Excess Aggregate Contribution.

• The amount by which each Highly Compensated Employee's Contribution Percentage Amount is reduced shall be treated as an Excess Aggregate Contribution.

• After the Plan Administrator has determined the total Excess Aggregate Contribution amount, the Trustee, as directed by the Plan Administrator, then will distribute (to the extent Vested) to each HCE his/her respective share of the Excess Aggregate Contributions.

More Definitions of Excess Aggregate Contribution

Excess Aggregate Contribution means for any Plan Year the excess of the aggregate amount of After-Tax Contributions and Matching Contributions allocated on behalf of HCEs for such Plan Year over the maximum amount of such contributions that could be allocated to HCEs under Section 3.15(a).

Excess Aggregate Contribution means, with respect to any Plan Year, the excess of (1) over (2), taking into account any excess under (3):

Excess Aggregate Contribution means for each Plan Year for each Highly Compensated Employee the excess of the aggregate Contribution Percentage Amounts actually taken into account in computing the ACP of such Highly Compensated Employee for such Plan Year over the maximum Contribution Percentage mounts permitted for such Plan Year under the ACP limit as set forth in (S)7.5(b) (determined by reducing contributions and Forfeitures on behalf of Highly Compensated Employees in order of their Contribution Percentages, beginning with the highest of such percentages).

Excess Aggregate Contribution means an amount that exceeds the limits of the ACP test in Paragraph 4.4.

Excess Aggregate Contribution means the amount contributed to an ABLE Account during the taxable year of the Designated Beneficiary that causes the total amounts contributed since the establishment of the ABLE Account (or of an ABLE Account for the same Designated Beneficiary that was rolled into the current ABLE Account) to exceed the limit in effect under 26 U.S.C. § 529(b)(6).

Excess Aggregate Contribution has the meaning set forth in Section 11.10.

Excess Aggregate Contribution means, for each