Common use of In-Service Distribution Clause in Contracts

In-Service Distribution. (Section 4.1(c)) check one: A participant may receive an in-service distribution of all or a part of his or her benefit if the total amount of the Participant’s benefit is less than $5000 (or the dollar limit under Section 411(a)(11) of the Code, if greater) and the requirements of Section 4.1(c) of the Plan are satisfied. A Participant may not receive any in-service distributions of his or her benefit.

Appears in 2 contracts

Sources: Adoption Agreement, Adoption Agreement