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Common use of Retention of Excess Amounts Clause in Contracts

Retention of Excess Amounts. If an Excess Amount is retained in the SEP or SIMPLE IRA Plan under section 6.10(5), a special fee, in addition to the VCP submission fee, will apply. See section 12.05

Appears in 12 contracts

Sources: Revenue Procedure, Revenue Procedure, Revenue Procedure

Related Clauses

  • Termination of Exchange Fund
  • Determination of Excise Tax Liability
  • Termination of Exchange Fund; No Liability
  • Refund of Excess Cash
  • Distribution of Exchange Fund to Parent

Parent Clauses

  • Reporting
  • Treatment of Excess Amounts Under a Sep or a Simple Ira Plan
  • Treatment of Excess Amounts Under 403b Plans
  • CORRECTION PRINCIPLES AND RULES OF GENERAL
  • Special Rules Relating to Excess Amounts

Sub-Clauses

  • Correction of failure to satisfy deferral percentage test
  • Earnings Adjustment Methods
  • Requirements
  • Treatment of undercontributions to a SEP
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