Top Heavy Plan Year means that, for a particular Plan Year commencing after December 31, 1983, the Plan is a Top Heavy Plan.
Examples of Top Heavy Plan Year in a sentence
Notwithstanding the above, the Top-Heavy Plan Year requirements of this Article and Code §416 shall not apply in any Plan Year in which the Plan consists solely of a cash or deferred arrangement which meets the requirements of Code §401(k)(12) or §401(k)(13) and matching contributions meet the requirements of Code §401(m)(11) or §401(m)(12).
Notwithstanding anything in this Plan to the contrary, for any Top-Heavy Plan Year, the Plan shall provide the special vesting requirements of Code §416(b) pursuant to Section 6.4 of the Plan and the special minimum allocation requirements of Code §416(c) pursuant to Section 4.3(f) of the Plan.
More Definitions of Top Heavy Plan Year
Top Heavy Plan Year means a Plan Year commencing after December 31, 1983 during which the Plan is a Top Heavy Plan.
Top Heavy Plan Year means a Plan Year if the sum of the account balances of all key employees under the Plan and each other defined contribution plan (as of the applicable determination date of each such Plan) which is aggregated with the Plan, plus the sum of the present values of the total accrued benefits of all key employees under each defined benefit plan (as of the applicable determination date of each such plan) which is aggregated with the Plan exceeds 60 percent of the sum of such amounts for all Employees (including, for purposes of this paragraph (b), any person employed by the Corporation, an Affiliated Corporation or a Subsidiary) and former Employees (other than former key employees, but including Beneficiaries of former Employees) under the Plan and all such plans. For purposes of these determinations:
Top Heavy Plan Year means a Plan Year commencing after December 31, 1983, during which the Plan is a Top Heavy Plan.
Top Heavy Plan Year means a Plan Year if any of the following conditions exist:
Top Heavy Plan Year means, for Plan Years beginning after December 31, 2001, a Plan Year during which the Plan is a Top Heavy Plan.