Qualified Plan Limits definition
Qualified Plan Limits means the limitation on compensation that may be taken into account under a qualified retirement plan, as provided in Code Section 401(a)(17), and the dollar limitation on annual benefits under a qualified retirement plan, as provided in Code Section 415.
Qualified Plan Limits means the limitations imposed under Code Section 401(a)(17), Code Section 401(k)(3), Code Section 402(g) and/or Code Section 415, as the context so requires.
Qualified Plan Limits means the limits on benefits that may accrue or be paid under a tax-qualified defined benefit plan pursuant to Section 401(a)(17) of the Code and Section 415 of the Code.
Examples of Qualified Plan Limits in a sentence
A Participant's Annual ---------------------------------------- Profit Sharing Amount for any Plan Year shall be an amount, determined by the Company, equal to the amount of profit sharing and matching benefits which would have been credited to the Participant under the 401(k) Plan during the corresponding plan year of the 401(k) Plan, but for the Qualified Plan Limits and the Participant's participation in this Plan.
More Definitions of Qualified Plan Limits
Qualified Plan Limits means (i) the limits on benefits and annual additions under tax qualified pension and profit sharing plans imposed by section 415 of the Internal Revenue Code, and (ii) the limits imposed by section 401(a)(17) of the Internal Revenue Code of 1986, as amended, on the amount of compensation which may be considered under a tax qualified pension or profit sharing plan.
Qualified Plan Limits means the limitations imposed under Code
Qualified Plan Limits means the provisions of the Qualified Plan implementing Section 401(a)(17) or Section 415 of the Code.
Qualified Plan Limits means the limits required by sections 401(a)(17), 401(k)(3), 402(g), and 415 of the Code, each as adjusted pursuant to section 414(v) of the Code.