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Common use of Correction of Excess Contributions Clause in Contracts

Correction of Excess Contributions. In the case of a distribution of excess contributions, the Plan shall distribute pre-tax Deferrals and earnings thereon first.

Appears in 3 contracts

Sources: Calpers 457 Deferred Compensation Plan Document, 457 Deferred Compensation Plan Document, Calpers 457 Deferred Compensation Plan Document

Related Clauses

  • Excess Contributions
  • How Do I Correct an Excess Contribution?
  • Elective Deferrals
  • Employer Contributions
  • Matching Contributions

Parent Clauses

  • Salary Reduction Agreement
  • ▇▇▇▇ Elective Deferrals
  • Contributions
  • Duration of Employer Participation
  • Rollover Contribution

Sub-Clauses

  • Corrective distribution of Excess Contributions
  • Accounting for Excess Contributions
  • Recharacterization
  • Amount to be distributed
  • Income allocable to Excess Contributions
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