Mandatory Aggregation Group definition
Mandatory Aggregation Group means each plan (considering the Plan and Related Plans) that, during the Plan Year that contains the Determination Date or any of the four preceding Plan Years,
Mandatory Aggregation Group means the group of qualified plans sponsored by the Corporation or by a Related Entity formed by including in such group (i) all such plans in which a Key Employee is a Participant and (ii) all such plans which enable any plan described in clause (i) to meet the requirements of Code Sections 401(a)(4) and 410.
Mandatory Aggregation Group means the group of qualified plans (including any terminated plans) sponsored by the Company or by an affiliated Company formed by including in such group (1) all such plans in which a Key Employee is a participant, and (2) all such plans which enable any plan described in clause (1) to meet the requirements of either Section 401(a)(4) of the Code or Section 410 of the Code.
Examples of Mandatory Aggregation Group in a sentence
Notwithstanding the foregoing, no minimum allocation will be required for any Non-key Employee who participates in another defined contribution plan subject to Code Section 412 and included with this Plan in a Mandatory Aggregation Group.
However, for any Plan Year when the Plan is a Top Heavy Plan but not a Super Top Heavy Plan and a Key Employee is a participant in both this Plan and a Related Defined Benefit Plan included with this Plan in a Mandatory Aggregation Group, seven and one-half percent will be substituted for five percent where the latter percentage appears in this Section 14.3.4, and the extra minimum allocation will be provided only in this Plan.
More Definitions of Mandatory Aggregation Group
Mandatory Aggregation Group means each plan (considering the Plan and Related Plans) that, during the Plan Year that contains the Determination Date or any of the four preceding Plan Years:
(a) had a participant who was a Key Employee; or
(b) was required to be considered with a plan in which a Key Employee participated in order to enable the plan in which the Key Employee participated to meet the requirements of Code Section 401(a)(4) or 410(b).
Mandatory Aggregation Group means each plan (considering the Plan and Related Plans) that, during the Plan Year that contains the Determination Date or any of the 4 preceding Plan Years:
Mandatory Aggregation Group means each plan (considering the Plan and Related Plans) that,
Mandatory Aggregation Group means the group of qualified plans, including any Simplified Employee Pension Plan and including terminated plans, sponsored by the Company or by an Affiliated Employer formed by including in such group: (1) all such plans in which a Key Employee is a Participant in the Plan Year including the Determination Date and any of the preceding four Plan Years; and, (2) all such plans which enable any plan described in Section 7.1(e)(1) to meet the nondiscrimination requirements of Section 401(a)(4) of the Code or the coverage requirements of Section 410(b) of the Code.