Individually Designed Defined Contribution Plan. If the Participant is covered under another qualified defined contribution plan MAINTAINED by the Employer, other than a master or prototype plan: 1. The provisions of Section 3.05(B)(1) through 3.05(B)(6) of the Plan will apply as if the other plan were a master or prototype plan. 2. Other method. (PROVIDE THE METHOD UNDER WHICH THE PLANS WILL LIMIT TOTAL ANNUAL ADDITIONS TO THE MAXIMUM PERMISSIBLE AMOUNT, AND WILL PROPERLY REDUCE ANY EXCESS AMOUNTS, IN A MANNER THAT PRECLUDES EMPLOYER DISCRETION.)
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Sources: Flexible Nonstandardized Safe Harbor 401(k) Profit Sharing Plan Adoption Agreement (Perficient Inc)
Individually Designed Defined Contribution Plan. If the Participant is covered under another qualified defined contribution plan MAINTAINED maintained by the Employer, other than a master or prototype plan:
1. The provisions of Section 3.05(B)(1) through 3.05(B)(6) of the Plan will apply as if the other plan were a master or prototype plan.
2. Other method. (PROVIDE THE METHOD UNDER WHICH THE PLANS WILL LIMIT TOTAL ANNUAL ADDITIONS TO THE MAXIMUM PERMISSIBLE AMOUNTProvide the method under which the plans will limit total annual additions to the maximum permissible amount, AND WILL PROPERLY REDUCE ANY EXCESS AMOUNTSand will properly reduce any excess amounts, IN A MANNER THAT PRECLUDES EMPLOYER DISCRETIONin a manner that precludes Employer discretion.)) ___________________________________
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