Pre-approved Plan definition
Examples of Pre-approved Plan in a sentence
If a 411(d)(6) protected benefit in the Plan or a plan being merged into the Plan is not permitted in a pre-approved plan, as described in Section 6.03 of Revenue Procedure 2017-41, such provision must be discontinued no later than the date the Employer adopts this Pre-Approved Plan or, in the case of a merger, the merger date and shall apply only to the extent required under Code Section 411(d)(6).
The Provider will inform adopting employers of any such amendments or of the discontinuance or abandonment of the Pre-Approved Plan document.
Note: If a 411(d)(6) protected benefit in the Plan or a plan being merged into the Plan is not either (1) available as a provision through the Pre-Approved Plan or (2) the subject of a prior determination, advisory or opinion letter, the Employer cannot rely on the Pre-Approved Plan Provider’s opinion letter for qualification with respect to such benefit.
The Trustee named in the Adoption Agreement has accepted its appointment, and intends to serve, only for so long as the Employer’s plan is a Pre-Approved Plan.
If the Employer's Plan fails to attain or retain qualification, such Plan will no longer participate in this Pre-Approved Plan and will be considered an individually designed plan.
This Adoption Agreement and the basic Plan document shall together be known as FIS Business Systems LLC Defined Contribution Pre-Approved Plan #01-002.
If the Plan is no longer a Pre-Approved Plan, the Trustee shall resign in accordance with this Section.
Upon resignation by or removal of the Trustee, the Employer shall no longer participate in the Fidelity Pre-Approved Plan created by the Non-Trust Plan Documents and shall be deemed to have adopted an individually designed plan.
An Employer that amends the Plan for any other reason, including a waiver of the minimum funding requirement under section 412(d) of the Code, will no longer participate in this Pre-Approved Plan and will be considered to have an individually designed Plan.
This Adoption Agreement and the basic Plan document will together be known as FIS Business Systems LLC Non-Standardized Employee Stock Ownership (ESOP) Pre-Approved Plan #04-001.