Common use of TOP HEAVY MINIMUM ALLOCATION - METHOD OF COMPLIANCE Clause in Contracts

TOP HEAVY MINIMUM ALLOCATION - METHOD OF COMPLIANCE. If a Participant's allocation under this Section 3.04 is less than the top heavy minimum allocation to which he is entitled under Section 3.04(B): (Choose (k) or (l)) [X] (k) The Employer will make any necessary additional contribution to the Participant's Account, as described in Section 3.04(B)(7)(a) of the Plan. [n/a] (l) The Employer will satisfy the top heavy minimum allocation under the following plan(s) it maintains: _____. However, the Employer will make any necessary additional contribution to satisfy the top

Appears in 2 contracts

Sources: Retirement Savings Plan Adoption Agreement (Autobytel Com Inc), Retirement Savings Plan Adoption Agreement (Autobytel Com Inc)