Paired Plans means the Employer has adopted two Standardized Plan Adoption Agreements offered with this Master Plan, one Adoption Agreement being a Paired Profit Sharing Plan and one Adoption Agreement being a Paired Pension Plan. A Paired Profit Sharing Plan may include a Code Section 401(k) arrangement. A Paired Pension Plan must be a money purchase pension plan or a target benefit pension plan. Paired Plans must be the subject of a favorable opinion letter issued by the National Office of the Internal Revenue Service. This Master Plan does not pair any of its Standardized Plan Adoption Agreements with Standardized Plan Adoption Agreements under a defined benefit master plan. * * * * * * * * * * * * * * *
Paired Plans means the Employer has adopted two Standardized Plan Adoption Agreements offered with this Prototype Plan, one Adoption Agreement being a Paired Profit Sharing Plan and one Adoption Agreement being a Paired Pension Plan. A Paired Profit Sharing Plan may include a Code Section 401(k) arrangement. A Paired Pension Plan must be a money purchase pension plan or a target benefit pension plan. Paired Plans must be the subject of a favorable opinion letter issued by the National Office of the Internal Revenue Service. This Prototype Plan does not pair any of its Standardized Plan Adoption Agreements with Standardized Plan Adoption Agreements under a defined benefit prototype plan. * * * * * * * * * * * * * * *
Paired Plans means the Employer has adopted two Standardized Plan Adoption Agreements offered with this Prototype Plan, one Adoption Agreement being a Paired Profit Sharing Plan and one Adoption Agreement being a Paired Pension Plan. A Paired Profit Sharing Plan may include a 401(k) arrangement. A Paired Pension Plan must be a money purchase pension plan, defined benefit plan or a target benefit pension plan. Paired Plans must be the subject of a favorable opinion letter issued by the National Office of the Internal Revenue Service. If an Employer adopts paired plans, only one of the plans may provide for permitted disparity.
Examples of Paired Plans in a sentence
If the Employee is a Participant in Paired Plans, the Advisory Committee will consider the Paired Plans as a single Plan to determine a Participant's contribution rate and to determine whether the Plans satisfy this top heavy minimum allocation requirement.
However, if the Employee participates in Paired Plans, the top heavy minimum allocation is 3% of his Compensation.
Notwithstanding anything in the Plan to the contrary, if the Employer maintains two plans which are Paired Plans, only one may contain an allocation, as elected in the Adoption Agreement, utilizing permitted disparity as defined in Code Section 401(l).
For examples, see “Stalin in Your City” thread on skyscrapercity.com, https://ww w.skyscrapercity.com/showthread.php?t=998089.
If the Employer adopts Paired Plans, each Plan must have the same Plan Year.
More Definitions of Paired Plans
Paired Plans means the Employer has adopted two Standardized Plan Adoption Agreements offered with this Master Plan, one Adoption Agreement being a Paired Profit Sharing Plan and one Adoption Agreement being a Paired Pension Plan. A Paired Profit Sharing Plan may include a Code ss.401(k) arrangement. A Paired Pension Plan must be a money purchase pension plan or a target benefit pension plan. Paired Plans must be the subject of a favorable opinion letter issued by the National Office of the Internal Revenue Service. This Master Plan does not pair any of its Standardized Plan Adoption Agreements with Standardized Plan Adoption Agreements under a defined benefit master plan.
Paired Plans means two (2) defined contribution plans adopted by the Employer pursuant to Adoption Agreements #001 and #003 under this prototype plan, the Defined Contribution Basic Plan Document #01, when paired under ARTICLE 14. Paired Plans shall be standardized plans established by the Employer pursuant to Revenue Procedure 84-23, as updated by Revenue Procedure 89-9.
Paired Plans mean either (a) a combination of a money purchase plan and a profit sharing plan, both of which use this Prototype Plan, or (b) a combination of a defined benefit standardized form plan and this Plan.
Paired Plans means (a) a combination of two or more standardized defined contribution Plans under this Smxxx Xxxxxx Xhearson Prototype Defined Contribution Plan (Plan Document #05) or (b) a combination of one or more such standardized defined contribution Plans with a standardized defined benefit plan under the Smxxx Xxxxxx Xhearson Prototype Defined Benefit Plan (Plan Document #06). However, such Plans shall be treated as Paired Plans only if (1) such Paired Plans have the same Plan Year, and (2) no more than one such plan is integrated with social security.
Paired Plans. Two or more Plans maintained by the Sponsor designed so that a single or any combination of Plans adopted by an Employer will meet the anti-discrimination rules, the contribution and benefit limitations, and the Top-Heavy provisions of the Code.
Paired Plans means the Employer has adopted two Standardized Plan Adoption Agreements offered with this Prototype Plan, one Adoption Agreement being a Paired Profit Sharing Plan and one Adoption Agreement being a Paired Pension Plan. A Paired Profit Sharing Plan may include a Code (S)401(k) arrangement. A Paired Pension Plan must be a money purchase pension plan or a target benefit pension plan. Paired Plans must be the subject of a favorable opinion letter
Paired Plans means (i) two (2) or more defined -------------------------- contribution plans adopted by the Employer pursuant to Adoption Agreements #004 through #006 under this prototype plan, the BPS&M Defined Contribution Basic Plan Document #01, when paired under Article 14 hereof. Paired Plans shall be standardized plans established by the Employer pursuant to Revenue Procedure 89-13.