Irc Section 416

416 a general rule a trust shall not constitute a qualified trust under section 401 a for any plan year if the plan of which it is a part is a top heavy plan for such plan year unless such plan meets i r c.

Irc section 416. 100 647 set out as a note under section 1 of this title. The determination of whether a plan is a top heavy plan is made on a year by year basis. For purposes of section 416 a terminated plan is one that has been formally terminated has ceased crediting service for benefit accruals and vesting and has been or is distributing all plan assets to participants or their beneficiaries as soon as administratively feasible.

416 a 1 the vesting requirements of subsection b and. 99 514 to which such amendment relates see section 1019 a of pub. 100 647 effective except as otherwise provided as if included in the provision of the tax reform act of 1986 pub.

Section 416 g 4 h which is effective for years beginning after december 31 2001 was added to the code by the economic growth and tax relief reconciliation act of 2001 pub. I definitions for purposes of this section 1 key employee a in general the term key employee means an employee who at any time during the plan year is i an officer of the employer having an annual compensation greater than 130 000.