- (a) The Pre-tax Excess Contributions that are transferred to the Incentive Plan may not exceed the limitations on annual additions imposed by Code Section 415(c).
- (b) The Post-tax Excess Contributions that are transferred to the Incentive Plan have already been tested against the limitations imposed by Code Section 415(c) as mandatory employee contributions to a defined benefit plan and therefore will not be tested again.
Added at 23 Ok Reg 107, eff 10-3-05 (emergency)
Added at 23 Ok Reg 1485, eff 5-25-06