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AgdaPkt 2002-12-09
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AgdaPkt 2002-12-09
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Last modified
7/2/2012 12:25:36 PM
Creation date
12/5/2002 3:47:58 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Agency Type
City Council
Date
12/9/2002
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_ . . -1 <br /> C� I � I <br /> 2S Administrative Ezpenses <br /> In accordance with section 53217 of the Act, the Emplayer may make contnbutic�ns to <br /> the Trust sufficient to defray all or part of the expenses:c�ad�inistesing�e �lan or ma� • <br /> pay such expenses directly. .. . . _ � . - - - _ - - .. _ <br /> 2.6 Administrative Ezpenses <br /> The Employer shall pay the expenses of administering this Plan. <br /> 2.7 Limits on Annual Additions <br /> Notwithstanding anything else to the contrary, annual additians to a Participant's <br /> Accounts shall not exceed the lesser of the dollar amount specified in Section 415(d)(1) <br /> of the Code (adjusted as permitted by Section 415(d)(1) of the Code and Regulations <br /> issued thereunder) or the percentage of the ParticipanYs Compensation specified in <br /> Section 415(c)(1) of the Code and Regulations issued thereunder. This Section 2.7 shall <br /> be construed and interpreted in accordance with the provisions of Appendix A attached <br /> hereto. <br /> 2.8 Investment in Accordance With Act � <br /> All contributions, interest eamed, and any assets of the Plan shall at all times be invested <br /> and managed in accordance with the requirements of the Act. <br /> 2.9 Reversions <br /> The Employee and Employer sha11 have the right to a reversion of assets from this Plan if , <br /> (1) a contribution is conditioned upon the initial qualification of the Plan, a timely <br /> determination letter request is filed, and the Plan receives an adverse detennination, or <br /> (2) the reversion is due to a good faith nustake of fact, or (3) the contribution is <br /> conditioned on its deductibility under section 404 of the Code. <br /> 4 <br /> NB 1:5381802 <br /> _ __ __ __. <br />
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