Source: https://www.law.cornell.edu/uscode/text/26/415?quicktabs_8=2
Timestamp: 2016-02-09 10:32:52
Document Index: 365324930

Matched Legal Cases: ['§\u202f611', '§\u202f632', '§\u202f238', '§\u202f1452', '§\u202f2004', '§\u202f803', '§\u202f1501', '§\u202f1901', '§\u202f141', '§\u202f101', '§\u202f222', '§\u202f311', '§\u202f235', '§\u202f122', '§\u202f15', '§\u202f491', '§\u202f528', '§\u202f713', '§\u202f1106', '§\u202f1847', '§\u202f1011', '§\u202f6054', '§\u202f7304', '§\u202f521', '§\u202f732', '§\u202f1434', '§\u202f1526', '§\u202f1', '§\u202f314', '§\u202f611', '§\u202f411', '§\u202f101', '§\u202f404', '§\u202f407', '§\u202f303', '§\u202f821', '§\u202f906', '§\u202f103', '§\u202f301', '§\u202f108', '§\u202f103', '§\u202f122', '§\u202f109', '§\u202f906', '§\u202f108', '§\u202f303', '§\u202f906', '§\u202f906', '§\u202f832', '§\u202f906', '§\u202f109', '§\u202f906', '§\u202f867', '§\u202f821', '§\u202f821', '§\u202f821', '§\u202f821', '§\u202f821', '§\u202f821', '§\u202f407', '§\u202f412', '§\u202f412', '§\u202f408', '§\u202f404', '§\u202f632', '§\u202f611', '§\u202f641', '§\u202f611', '§\u202f611', '§\u202f611', '§\u202f654', '§\u202f611', '§\u202f611', '§\u202f611', '§\u202f654', '§\u202f611', '§\u202f632', '§\u202f641', '§\u202f632', '§\u202f632', '§\u202f632', '§\u202f611', '§\u202f611', '§\u202f611', '§\u202f611', '§\u202f611', '§\u202f654', '§\u202f654', '§\u202f632', '§\u202f1527', '§\u202f1530', '§\u202f1530', '§\u202f1526', '§\u202f1526', '§\u202f1452', '§\u202f1449', '§\u202f1449', '§\u202f1444', '§\u202f1452', '§\u202f1444', '§\u202f1444', '§\u202f1446', '§\u202f1434', '§\u202f1452', '§\u202f1452', '§\u202f1452', '§\u202f1704', '§\u202f1452', '§\u202f1452', '§\u202f1444', '§\u202f767', '§\u202f732', '§\u202f732', '§\u202f6059', '§\u202f1011', '§\u202f1011', '§\u202f6054', '§\u202f1011', '§\u202f1018', '§\u202f1899', '§\u202f1011', '§\u202f1011', '§\u202f1018', '§\u202f1852', '§\u202f1898', '§\u202f1106', '§\u202f1106', '§\u202f1875', '§\u202f1106', '§\u202f1106', '§\u202f1106', '§\u202f1106', '§\u202f1106', '§\u202f1108', '§\u202f1106', '§\u202f1106', '§\u202f1875', '§\u202f1847', '§\u202f1114', '§\u202f1106', '§\u202f1174', '§\u202f1174', '§\u202f1174', '§\u202f1106', '§\u202f1106', '§\u202f1106', '§\u202f1106', '§\u202f1899', '§\u202f1018', '§\u202f1106', '§\u202f1852', '§\u202f1852', '§\u202f1018', '§\u202f491', '§\u202f491', '§\u202f713', '§\u202f713', '§\u202f713', '§\u202f491', '§\u202f713', '§\u202f491', '§\u202f713', '§\u202f713', '§\u202f15', '§\u202f15', '§\u202f713', '§\u202f713', '§\u202f491', '§\u202f528', '§\u202f235', '§\u202f235', '§\u202f235', '§\u202f235', '§\u202f235', '§\u202f253', '§\u202f251', '§\u202f238', '§\u202f251', '§\u202f235', '§\u202f235', '§\u202f235', '§\u202f235', '§\u202f235', '§\u202f235', '§\u202f235', '§\u202f235', '§\u202f311', '§\u202f311', '§\u202f311', '§\u202f333', '§\u202f311', '§\u202f101', '§\u202f101', '§\u202f101', '§\u202f152', '§\u202f101', '§\u202f153', '§\u202f141', '§\u202f141', '§\u202f152', '§\u202f152', '§\u202f1501', '§\u202f1501', '§\u202f1901', '§\u202f1901', '§\u202f1906', '§\u202f1901', '§\u202f1502', '§\u202f803', '§\u202f1511', '§\u202f803', '§\u202f803', '§\u202f1906', '§\u202f103', '§\u202f122', '§\u202f303', '§\u202f821', '§\u202f832', '§\u202f867', '§\u202f611', '§\u202f411', '§\u202f632', '§\u202f654', '§\u202f1526', '§\u202f1527', '§\u202f1444', '§\u202f1446', '§\u202f1449', '§\u202f1452', '§\u202f7304', '§\u202f6054', '§\u202f7816', '§\u202f6059', '§\u202f1106', '§\u202f1011', '§\u202f6062', '§\u202f6062', '§\u202f1174', '§\u202f235', '§\u202f306', '§\u202f713', '§\u202f2', '§\u202f333', '§\u202f222', '§\u202f101', '§\u202f141', '§\u202f101', '§\u202f153', '§\u202f1502', '§\u202f1511', '§\u202f2004', '§\u202f2', '§\u202f1106', '§\u202f2004', '§\u202f2']

(1) TrustsA trust which is a part of a pension, profitsharing, or stock bonus plan shall not constitute a qualified trust under section 401(a) if—
(2) Section applies to certain annuities and accountsIn the case of—
(1) In generalBenefits with respect to a participant exceed the limitation of this subsection if, when expressed as an annual benefit (within the meaning of paragraph (2)), such annual benefit is greater than the lesser of—
(ii) For purposes of adjusting any benefit under subparagraph (B) for any form of benefit subject to section 417(e)(3), the interest rate assumption shall not be less than the greatest of—
[(F) Repealed. Pub. L. 107–16, title VI, § 611(a)(5)(A), June 7, 2001, 115 Stat. 97]
(H) Qualified participant definedFor purposes of subparagraph (G), the term “qualified participant” means a participant—
(ii) with respect to whom the period of service taken into account in determining the amount of the benefit under such defined benefit plan includes at least 15 years of service of the participant—
(I) Exemption for survivor and disability benefits provided under governmental plansSubparagraph (C) of this paragraph and paragraph (5) shall not apply to—
(4) Total annual benefits not in excess of $10,000Notwithstanding the preceding provisions of this subsection, the benefits payable with respect to a participant under any defined benefit plan shall be deemed not to exceed the limitation of this subsection if—
(A) Dollar limitationIn the case of an employee who has less than 10 years of participation in a defined benefit plan, the limitation referred to in paragraph (1)(A) shall be the limitation determined under such paragraph (without regard to this paragraph) multiplied by a fraction—
(6) Computation of benefits and contributionsThe computation of—
(7) Benefits under certain collectively bargained plansFor a year, the limitation referred to in paragraph (1)(B) shall not apply to benefits with respect to a participant under a defined benefit plan (other than a multiemployer plan)—
(8) Social security retirement age definedFor purposes of this subsection, the term “social security retirement age” means the age used as the retirement age under section 216(l) of the Social Security Act, except that such section shall be applied—
(1) In generalContributions and other additions with respect to a participant exceed the limitation of this subsection if, when expressed as an annual addition (within the meaning of paragraph (2)) to the participant’s account, such annual addition is greater than the lesser of—
(2) Annual additionFor purposes of paragraph (1), the term “annual addition” means the sum of any year of—
(3) Participant’s compensationFor purposes of paragraph (1)—
(C) Special rules for permanent and total disabilityIn the case of a participant in any defined contribution plan—
(D) Certain deferrals includedThe term “participant’s compensation” shall include—
[(4) Repealed. Pub. L. 107–16, title VI, § 632(a)(3)(E), June 7, 2001, 115 Stat. 114]
[(5) Repealed. Pub. L. 97–248, title II, § 238(d)(5), Sept. 3, 1982, 96 Stat. 513]
(6) Special rule for employee stock ownership plansIf no more than one-third of the employer contributions to an employee stock ownership plan (as described in section 4975(e)(7)) for a year which are deductible under paragraph (9) of section 404(a) are allocated to highly compensated employees (within the meaning of section 414(q)), the limitations imposed by this section shall not apply to—
(B) Number of years of service for duly ordained, commissioned, or licensed ministers or lay employeesFor purposes of this paragraph—
(i) all years of service by—
(1) In generalThe Secretary shall adjust annually—
(2) MethodThe regulations prescribed under paragraph (1) shall provide for—
(3) Base periodFor purposes of paragraph (2)—
[(e) Repealed. Pub. L. 104–188, title I, § 1452(a), Aug. 20, 1996, 110 Stat. 1816]
(1) In generalFor purposes of applying the limitations of subsections (b) and (c)—
(2) Exception for multiemployer plansNotwithstanding paragraph (1) and subsection (g), a multiemployer plan (as defined in section 414(f)) shall not be combined or aggregated—
Except as provided in subsection (f)(3),[1] the Secretary, in applying the provisions of this section to benefits or contributions under more than one plan maintained by the same employer, and to any trusts, contracts, accounts, or bonds referred to in subsection (a)(2), with respect to which the participant has the control required under section 414(b) or (c), as modified by subsection (h), shall, under regulations prescribed by the Secretary, disqualify one or more trusts, plans, contracts, accounts, or bonds, or any combination thereof until such benefits or contributions do not exceed the limitations contained in this section. In addition to taking into account such other factors as may be necessary to carry out the purposes of subsection (f), the regulations prescribed under this paragraph shall provide that no plan which has been terminated shall be disqualified until all other trusts, plans, contracts, accounts, or bonds have been disqualified.
(1) Defined benefit plan and defined contribution planFor purposes of this title, the term “defined contribution plan” or “defined benefit plan” means a defined contribution plan (within the meaning of section 414(i)) or a defined benefit plan (within the meaning of section 414(j)), whichever applies, which is—
(A) In generalIn the case of a defined benefit plan which maintains a qualified cost-of-living arrangement—
(B) Qualified cost-of-living arrangement definedFor purposes of this paragraph, the term “qualified cost-of-living arrangement” means an arrangement under a defined benefit plan which—
(C) Determination of amount of benefitAn arrangement meets the requirement of this subparagraph only if the cost-of-living adjustment of participants is based—
(D) Arrangement elective; time for electionAn arrangement meets the requirements of this subparagraph only if it is elective, it is available under the same terms to all participants, and it provides that such election may at least be made in the year in which the participant—
(2) Individual medical benefit accountFor purposes of paragraph (1), the term “individual medical benefit account” means any separate account—
(2) Taxation of participantFor purposes of this chapter—
(3) Qualified governmental excess benefit arrangementFor purposes of this subsection, the term “qualified governmental excess benefit arrangement” means a portion of a governmental plan if—
(1) In generalIf a participant makes 1 or more contributions to a defined benefit governmental plan (within the meaning of section 414(d)) to purchase permissive service credit under such plan, then the requirements of this section shall be treated as met only if—
(2) Application of limitFor purposes of—
(3) Permissive service creditFor purposes of this subsection—
(A) In generalThe term “permissive service credit” means service credit—
(B) Limitation on nonqualified service creditA plan shall fail to meet the requirements of this section if—
(C) Nonqualified service creditFor purposes of subparagraph (B), the term “nonqualified service credit” means permissive service credit other than that allowed with respect to—
(D) Special rules for trustee-to-trustee transfersIn the case of a trustee-to-trustee transfer to which section 403(b)(13)(A) or 457(e)(17)(A) applies (without regard to whether the transfer is made between plans maintained by the same employer)—
(Added Pub. L. 93–406, title II, § 2004(a)(2), Sept. 2, 1974, 88 Stat. 979; amended Pub. L. 94–455, title VIII, § 803(b)(4), (f), title XV, §§ 1501(b)(3), 1502(a)(1), 1511(a), title XIX, §§ 1901(a)(65), (b)(8)(D), 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1584, 1589, 1735–1737, 1741, 1775, 1794, 1834; Pub. L. 95–600, title I, §§ 141(f)(7), 152(g), 153(a), Nov. 6, 1978, 92 Stat. 2795, 2800; Pub. L. 96–222, title I, § 101(a)(7)(L)(i)(VII), (iv)(I), (10)(I), (J)(iii), (11), Apr. 1, 1980, 94 Stat. 199, 200, 203, 204; Pub. L. 96–605, title II, § 222(a), Dec. 28, 1980, 94 Stat. 3528; Pub. L. 97–34, title III, §§ 311(g)(4), (h)(3), 333(b)(1), Aug. 13, 1981, 95 Stat. 281, 282, 297; Pub. L. 97–248, title II, §§ 235(a)–(e), 238(d)(5), 251(c)(1), (2), 253(a), Sept. 3, 1982, 96 Stat. 505–507, 513, 530, 532; Pub. L. 98–21, title I, § 122(c)(5), Apr. 20, 1983, 97 Stat. 87; Pub. L. 98–369, div. A, title I, § 15, title IV, § 491(d)(28)–(32), (e)(6), title (V), § 528(a), title VII, § 713(a)(1), (3), (d)(4)(B), (7), (k), July 18, 1984, 98 Stat. 505, 850, 853, 876, 955, 956, 958, 960; Pub. L. 99–514, title XI, §§ 1106(a)–(c)(1), (e)–(g), 1108(g)(5), 1114(b)(12), 1174(d)(1), (2), title XVIII, §§ 1847(b)(4), 1852(h)(2), (3), 1875(c)(9), (11), 1898(b)(15)(C), 1899A(13), Oct. 22, 1986, 100 Stat. 2420, 2422, 2424, 2425, 2434, 2451, 2518, 2856, 2869, 2895, 2951, 2958; Pub. L. 100–647, title I, §§ 1011(d)(2), (3), (6), (7), 1018(t)(3)(B), (8)(D), title VI, §§ 6054(a), 6059(a), Nov. 10, 1988, 102 Stat. 3459, 3460, 3588, 3589, 3696, 3699; Pub. L. 101–239, title VII, § 7304(c)(1), Dec. 19, 1989, 103 Stat. 2353; Pub. L. 102–318, title V, § 521(b)(23)–(25), July 3, 1992, 106 Stat. 311, 312; Pub. L. 103–465, title VII, §§ 732(b), 767(b), Dec. 8, 1994, 108 Stat. 5004, 5038; Pub. L. 104–188, title I, §§ 1434(a), 1444(a), (b)(1), (c), (d), 1446(a), 1449(b), 1452(a), (c)(1)–(6), 1704(t)(75), Aug. 20, 1996, 110 Stat. 1807, 1809–1811, 1814, 1816, 1891; Pub. L. 105–34, title XV, §§ 1526(a), (b), 1527(a), 1530(c)(3), (4), Aug. 5, 1997, 111 Stat. 1072–1074, 1078; Pub. L. 106–554, § 1(a)(7) [title III, § 314(e)(1)], Dec. 21, 2000, 114 Stat. 2763, 2763A–643; Pub. L. 107–16, title VI, §§ 611(a), (b), (h), 632(a)(1), (3)(C)–(F), (b)(1), 641(e)(9), (10), 654(a), (b), June 7, 2001, 115 Stat. 96, 97, 100, 113–115, 121, 130, 131; Pub. L. 107–147, title IV, § 411(p)(4), Mar. 9, 2002, 116 Stat. 50; Pub. L. 108–218, title I, § 101(b)(4), Apr. 10, 2004, 118 Stat. 598; Pub. L. 108–311, title IV, §§ 404(b)(2), 408(a)(17), Oct. 4, 2004, 118 Stat. 1188, 1192; Pub. L. 109–135, title IV, §§ 407(b), 412(y), (z), Dec. 21, 2005, 119 Stat. 2635, 2638; Pub. L. 109–280, title III, § 303(a), title VIII, §§ 821(a)–(c), 832(a), 867(a), title IX, § 906(b)(1)(A), (B), Aug. 17, 2006, 120 Stat. 921, 997, 1003, 1025, 1051, 1052; Pub. L. 110–458, title I, §§ 103(b)(2)(B)(i), 108(g), 109(d)(1), 122(a), Dec. 23, 2008, 122 Stat. 5103, 5109, 5112, 5114.)
The Social Security Act, referred to in subsecs. (b)(8) and (d)(2)(B), is act Aug. 14, 1935, ch. 531, 49 Stat. 620, as amended, which is classified generally to chapter 7 (§ 301 et seq.) of Title 42, The Public Health and Welfare. Sections 215(i)(2)(A) and 216(l) of the Act enacted sections 415(i)(2)(A) and 416(l) of Title 42, respectively. For complete classification of this Act to the Code, see Tables.
Subsection (f)(3), referred to in subsec. (g), was redesignated subsection (f)(2) by Pub. L. 100–458, title I, § 108(g), Dec. 23, 2008, 122 Stat. 5109.
2008—Subsec. (b)(2)(E)(v). Pub. L. 110–458, § 103(b)(2)(B)(i), amended cl. (v) generally. Prior to amendment, cl. (v) read as follows: “For purposes of adjusting any benefit or limitation under subparagraph (B), (C), or (D), the mortality table used shall be the table prescribed by the Secretary. Such table shall be based on the prevailing commissioners’ standard table (described in section 807(d)(5)(A)) used to determine reserves for group annuity contracts issued on the date the adjustment is being made (without regard to any other subparagraph of section 807(d)(5)).”
Subsec. (b)(2)(E)(vi). Pub. L. 110–458, § 122(a), added cl. (vi).
Subsec. (b)(10). Pub. L. 110–458, § 109(d)(1), made technical correction to directory language of Pub. L. 109–280, § 906(b)(1)(B)(ii). See 2006 Amendment note below.
Subsec. (f)(2), (3). Pub. L. 110–458, § 108(g), redesignated par. (3) as par. (2) and struck out former par. (2) which related to annual compensation taken into account for defined benefit plans.
2006—Subsec. (b)(2)(E)(ii). Pub. L. 109–280, § 303(a), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “For purposes of adjusting any benefit under subparagraph (B) for any form of benefit subject to section 417(e)(3), the applicable interest rate (as defined in section 417(e)(3)) shall be substituted for ‘5 percent’ in clause (i), except that in the case of plan years beginning in 2004 or 2005, ‘5.5 percent’ shall be substituted for ‘5 percent’ in clause (i).”
Subsec. (b)(2)(H)(i). Pub. L. 109–280, § 906(b)(1)(A)(i), substituted “State, Indian tribal government (as defined in section 7701(a)(40)), or any political subdivision” for “State or political subdivision”.
Subsec. (b)(2)(H)(ii)(I). Pub. L. 109–280, § 906(b)(1)(A)(ii), substituted “State, Indian tribal government (as so defined), or any political subdivision” for “State or political subdivision” in two places.
Subsec. (b)(3). Pub. L. 109–280, § 832(a), struck out “both was an active participant in the plan and” before “had the greatest”.
Subsec. (b)(10). Pub. L. 109–280, § 906(b)(1)(B)(ii), as amended by Pub. L. 110–458, § 109(d)(1), substituted “State, Indian tribal, and” for “State and” in heading.
Subsec. (b)(10)(A). Pub. L. 109–280, § 906(b)(1)(B)(i), inserted “or a governmental plan described in the last sentence of section 414(d) (relating to plans of Indian tribal governments),” after “foregoing,”.
Subsec. (b)(11). Pub. L. 109–280, § 867(a), inserted at end “Subparagraph (B) of paragraph (1) shall not apply to a plan maintained by an organization described in section 3121(w)(3)(A) except with respect to highly compensated benefits. For purposes of this paragraph, the term ‘highly compensated benefits’ means any benefits accrued for an employee in any year on or after the first year in which such employee is a highly compensated employee (as defined in section 414(q)) of the organization described in section 3121(w)(3)(A). For purposes of applying paragraph (1)(B) to highly compensated benefits, all benefits of the employee otherwise taken into account (without regard to this paragraph) shall be taken into account.”
Subsec. (n)(1). Pub. L. 109–280, § 821(a)(1), substituted “a participant” for “an employee” in introductory provisions.
Subsec. (n)(3)(A). Pub. L. 109–280, § 821(a)(2), inserted concluding provisions.
Subsec. (n)(3)(B)(i), (ii). Pub. L. 109–280, § 821(c)(1), substituted “nonqualified service credit” for “permissive service credit attributable to nonqualified service”.
Subsec. (n)(3)(C). Pub. L. 109–280, § 821(c)(2), substituted “service credit” for “service” in heading and “the term ‘nonqualified service credit’ means permissive service credit other than that allowed with respect to” for “the term ‘nonqualified service’ means service for which permissive service credit is allowed other than” in introductory provisions.
Subsec. (n)(3)(C)(ii). Pub. L. 109–280, § 821(c)(3), substituted “or a comparable level of education, as determined under the applicable law of the jurisdiction in which the service was performed” for “as determined under State law”.
Subsec. (n)(3)(D). Pub. L. 109–280, § 821(b), added subpar. (D).
2005—Subsec. (c)(7)(C). Pub. L. 109–135, § 407(b), substituted “$3,000. This subparagraph shall not apply with respect to any taxable year to any individual whose adjusted gross income for such taxable year (determined separately and without regard to community property laws) exceeds $17,000” for “the greater of $3,000 or the employee’s includible compensation determined under section 403(b)(3)”.
Subsec. (l)(1). Pub. L. 109–135, § 412(y), substituted “individual medical benefit account” for “individual medical account”.
Subsec. (n)(3)(C). Pub. L. 109–135, § 412(z), substituted “clause” for “clauses” in concluding provisions.
2004—Subsec. (b)(2)(E)(ii). Pub. L. 108–218 inserted before period at end “, except that in the case of plan years beginning in 2004 or 2005, ‘5.5 percent’ shall be substituted for ‘5 percent’ in clause (i)”.
Subsec. (c)(7)(C). Pub. L. 108–311, § 408(a)(17), substituted “subparagraph (B)” for “subparagraph (D)”.
Subsec. (d)(4)(A). Pub. L. 108–311, § 404(b)(2), inserted at end “This subparagraph shall also apply for purposes of any provision of this title that provides for adjustments in accordance with the method contained in this subsection, except to the extent provided in such provision.”
2002—Subsec. (c)(7). Pub. L. 107–147 amended heading and text of par. (7) generally, substituting provisions relating to special rules relating to church plans for provisions relating to certain contributions by church plans not treated as exceeding limit and adding provisions relating to foreign missionaries and definitions of “church” and “convention or association of churches”.
2001—Subsec. (a)(2). Pub. L. 107–16, § 632(a)(3)(C), struck out “, and the amount of the contribution for such portion shall reduce the exclusion allowance as provided in section 403(b)(2)” before period at end.
Subsec. (b)(1)(A). Pub. L. 107–16, § 611(a)(1)(A), substituted “$160,000” for “$90,000”.
Subsec. (b)(2)(A), (B). Pub. L. 107–16, § 641(e)(9), substituted “403(b)(8), 408(d)(3), and 457(e)(16)” for “and 408(d)(3)”.
Subsec. (b)(2)(C). Pub. L. 107–16, § 611(a)(1)(B), (2), in heading substituted “$160,000” for “$90,000” and “age 62” for “the social security retirement age” and in text substituted “age 62” for “the social security retirement age” in two places, “$160,000” for “$90,000” in two places, and struck out at end “The reduction under this subparagraph shall be made in such manner as the Secretary may prescribe which is consistent with the reduction for old-age insurance benefits commencing before the social security retirement age under the Social Security Act.”
Subsec. (b)(2)(D). Pub. L. 107–16, § 611(a)(1)(B), (3), in heading substituted “$160,000” for “$90,000” and “age 65” for “the social security retirement age” and in text substituted “age 65” for “the social security retirement age” in two places and “$160,000” for “$90,000” in two places.
Subsec. (b)(2)(F). Pub. L. 107–16, § 611(a)(5)(A), struck out subpar. (F), which related to the application of subpars. (C) and (D) in the case of a governmental plan, a plan maintained by a tax-exempt organization, or a qualified merchant marine plan and defined “qualified merchant marine plan”.
Subsec. (b)(7). Pub. L. 107–16, § 654(a)(2), inserted “(other than a multiemployer plan)” after “defined benefit plan” in introductory provisions.
Pub. L. 107–16, § 611(a)(1)(C), substituted “one-half the amount otherwise applicable for such year under paragraph (1)(A) for ‘$160,000’ ” for “the greater of $68,212 or one-half the amount otherwise applicable for such year under paragraph (1)(A) for ‘$90,000’ ” in concluding provisions.
Subsec. (b)(9). Pub. L. 107–16, § 611(a)(5)(B), amended par. (9) generally, substituting present provisions for provisions which provided that, in the case of any participant who was a commercial airline pilot, the rule of par. (2)(F)(i)(II) would apply, and if, as of the time of the participant’s retirement, regulations prescribed by the Federal Aviation Administration required an individual to separate from service as a commercial airline pilot after attaining any age occurring on or after age 60 and before the social security retirement age, par. (2)(C) would be applied by substituting such age for the social security retirement age, and provisions which provided that if a participant separated from service before age 60, the rules of par. (2)(F) would apply.
Subsec. (b)(10)(C)(i). Pub. L. 107–16, § 611(a)(5)(C), struck out “applied without regard to paragraph (2)(F)” before period at end.
Subsec. (b)(11). Pub. L. 107–16, § 654(a)(1), amended heading and text of par. (11) generally. Prior to amendment, text read as follows: “In the case of a governmental plan (as defined in section 414(d)), subparagraph (B) of paragraph (1) shall not apply.”
Subsec. (c)(1)(A). Pub. L. 107–16, § 611(b)(1), substituted “$40,000” for “$30,000”.
Subsec. (c)(1)(B). Pub. L. 107–16, § 632(a)(1), substituted “100 percent” for “25 percent”.
Subsec. (c)(2). Pub. L. 107–16, § 641(e)(10), substituted “408(d)(3), and 457(e)(16)” for “and 408(d)(3)” in concluding provisions.
Subsec. (c)(3)(E). Pub. L. 107–16, § 632(a)(3)(D), added subpar. (E).
Subsec. (c)(4). Pub. L. 107–16, § 632(a)(3)(E), struck out par. (4), which related to special election for section 403(b) contracts purchased by educational organizations, hospitals, home health service agencies, certain churches, and other organizations.
Subsec. (c)(7). Pub. L. 107–16, § 632(a)(3)(F), amended par. (7) generally, redesignating cls. (i) and (ii) of subpar. (B) as subpars. (A) and (B), respectively, reenacting subpar. (C) without change, striking out former subpar. (A), which directed that any contribution or addition with respect to any participant, when expressed as an annual addition, which was allocable to the application of section 403(b)(2)(D) to such participant for such year, would be treated as not exceeding the limitations of par. (1), and striking out former subpar. (B), cl. (iii), which prohibited making of election under this subpar. for any year if an election had been made under former par. (4)(A) for such year.
Subsec. (d)(1)(A). Pub. L. 107–16, § 611(a)(4)(A), substituted “$160,000” for “$90,000”.
Subsec. (d)(1)(C). Pub. L. 107–16, § 611(b)(2)(A), substituted “$40,000” for “$30,000”.
Subsec. (d)(3)(A). Pub. L. 107–16, § 611(a)(4)(B), in heading substituted “$160,000” for “$90,000” and in text substituted “July 1, 2001” for “October 1, 1986”.
Subsec. (d)(3)(D). Pub. L. 107–16, § 611(b)(2)(B), in heading substituted “$40,000” for “$30,000” and in text substituted “July 1, 2001” for “October 1, 1993”.
Subsec. (d)(4). Pub. L. 107–16, § 611(h), reenacted heading without change and amended text of par. (4) generally. Prior to amendment, text read as follows: “Any increase under subparagraph (A) or (C) of paragraph (1) which is not a multiple of $5,000 shall be rounded to the next lowest multiple of $5,000.”
Subsec. (f)(3). Pub. L. 107–16, § 654(b)(1), added par. (3).
Subsec. (g). Pub. L. 107–16, § 654(b)(2), substituted “Except as provided in subsection (f)(3), the Secretary” for “The Secretary”.
Subsec. (k)(4). Pub. L. 107–16, § 632(b)(1), added par. (4).
2000—Subsec. (c)(3)(D)(ii). Pub. L. 106–554 substituted “section 125, 132(f)(4), or” for “section 125 or”.
1997—Subsec. (b)(2)(G). Pub. L. 105–34, § 1527(a), substituted “participant, subparagraph (C) of this paragraph shall not apply.” for “participant—
“(i) subparagraph (C) shall not reduce the limitation of paragraph (1)(A) to an amount less than $50,000, and
“(ii) the rules of subparagraph (F) shall apply.
The Secretary shall adjust the $50,000 amount in clause (i) at the same time and in the same manner as under section 415(d).”
Subsec. (c)(6). Pub. L. 105–34, § 1530(c)(3), inserted concluding provisions “The amount of any qualified gratuitous transfer (as defined in section 664(g)(1)) allocated to a participant for any limitation year shall not exceed the limitations imposed by this section, but such amount shall not be taken into account in determining whether any other amount exceeds the limitations imposed by this section.”
Subsec. (e)(6), (7). Pub. L. 105–34, § 1530(c)(4), added par. (6) and redesignated former par. (6) as (7).
Subsec. (k)(3). Pub. L. 105–34, § 1526(b), added par. (3).
Subsec. (n). Pub. L. 105–34, § 1526(a), added subsec. (n).
1996—Subsec. (a)(1). Pub. L. 104–188, § 1452(c)(1), inserted “or” at end of subpar. (A), struck out “, or” at end of subpar. (B), and struck out subpar. (C) which read as follows: “in any case in which an individual is a participant in both a defined benefit plan and a defined contribution plan maintained by the employer, the trust has been disqualified under subsection (g).”
Subsec. (b)(2)(E)(i). Pub. L. 104–188, § 1449(b)(1), substituted “For purposes of adjusting any limitation under subparagraph (C) and, except as provided in clause (ii), for purposes of adjusting any benefit under subparagraph (B),” for “Except as provided in clause (ii), for purposes of adjusting any benefit or limitation under subparagraph (B) or (C),”.
Subsec. (b)(2)(E)(ii). Pub. L. 104–188, § 1449(b)(2), substituted “For purposes of adjusting any benefit under subparagraph (B) for any form of benefit subject to section 417(e)(3),” for “For purposes of adjusting the benefit or limitation of any form of benefit subject to section 417(e)(3),”.
Subsec. (b)(2)(I). Pub. L. 104–188, § 1444(c), added subpar. (I).
Subsec. (b)(5)(B). Pub. L. 104–188, § 1452(c)(2), struck out “and subsection (e)” after “and (4)”.
Subsec. (b)(10)(C). Pub. L. 104–188, § 1444(d), designated existing provisions as cl. (i), inserted heading, and added cl. (ii).
Subsec. (b)(11). Pub. L. 104–188, § 1444(a), added par. (11).
Subsec. (c)(3)(C). Pub. L. 104–188, § 1446(a), inserted at end “If a defined contribution plan provides for the continuation of contributions on behalf of all participants described in clause (i) for a fixed or determinable period, this subparagraph shall be applied without regard to clauses (ii) and (iii).”
Subsec. (c)(3)(D). Pub. L. 104–188, § 1434(a), added subpar. (D).
Subsec. (e). Pub. L. 104–188, § 1452(a), struck out subsec. (e) which related to limitation in case of a defined benefit plan and a defined contribution plan for same employee.
Subsec. (f)(1). Pub. L. 104–188, § 1452(c)(3), in introductory provisions, substituted “subsections (b) and (c)” for “subsections (b), (c), and (e)”.
Subsec. (g). Pub. L. 104–188, § 1452(c)(4), in last sentence, substituted “subsection (f)” for “subsections (e) and (f)”.
Subsec. (k)(1)(C) to (F). Pub. L. 104–188, § 1704(t)(75), inserted “or” at end of subpar. (C), redesignated subpar. (F) as (D), and struck out former subpars. (D) and (E) which read as follows:
“(D) an individual retirement account described in section 408(a),
“(E) an individual retirement annuity described in section 408(b), or”.
Subsec. (k)(2)(A)(i). Pub. L. 104–188, § 1452(c)(5), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: “any contribution made directly by an employee under such arrangement—
“(I) shall not be treated as an annual addition for purposes of subsection (c), but
“(II) shall be so treated for purposes of subsection (e), and”.
Subsec. (k)(2)(A)(ii). Pub. L. 104–188, § 1452(c)(6), substituted “subsection (c)” for “subsections (c) and (e)” before “shall not again”.
Subsec. (m). Pub. L. 104–188, § 1444(b)(1), added subsec. (m).
1994—Subsec. (b)(2)(E). Pub. L. 103–465, § 767(b), added cls. (i), (ii), and (v), redesignated former cls. (ii) and (iii) as (iii) and (iv), respectively, and struck out former cl. (i) which read as follows: “For purposes of adjusting any benefit or limitation under subparagraph (B) or (C), the interest rate assumption shall not be less than the greater of 5 percent or the rate specified in the plan.”
Subsec. (c)(1)(A). Pub. L. 103–465, § 732(b)(2), struck out “(or, if greater, ¼ of the dollar limitation in effect under subsection (b)(1)(A))” after “$30,000”.
Subsec. (d). Pub. L. 103–465, § 732(b)(1), amended subsec. (d) generally, substituting present provisions for provisions authorizing annual cost-of-living adjustments, outlining base periods, and providing for a freeze on adjustment to defined contribution and benefit limits.
1992—Subsecs. (b)(2)(A), (B), (c)(2). Pub. L. 102–318 substituted “402(c)” for “402(a)(5)”.
1989—Subsec. (c)(6). Pub. L. 101–239 substituted “Special rule for employee stock ownership plans” for “Special limitation for employee stock ownership plan” in heading and amended text generally, substituting introductory provisions and subpars. (A) and (B) for former subpars. (A) to (C).
1988—Subsec. (b)(2)(H)(ii). Pub. L. 100–647, § 6059(a), substituted “15” for “20”.
Subsec. (b)(5)(B). Pub. L. 100–647, § 1011(d)(6), inserted “and subsection (e)” after “paragraphs (1)(B) and (4)”.
Subsec. (b)(5)(D). Pub. L. 100–647, § 1011(d)(2), substituted “subparagraph (A)” for “this paragraph”.
Subsec. (b)(10). Pub. L. 100–647, § 6054(a), added par. (10).
Subsec. (c)(6)(A). Pub. L. 100–647, § 1011(d)(7), substituted “paragraph (1)(A)” for “paragraph (c)(1)(A) (as adjusted for such year pursuant to subsection (d)(1))” and for “paragraph (c)(1)(A) (as so adjusted)”.
Subsec. (k). Pub. L. 100–647, § 1018(t)(8)(D), repealed Pub. L. 99–514, § 1899A(13), see 1986 Amendment note below.
Subsec. (k)(2)(C)(ii). Pub. L. 100–647, § 1011(d)(3)(A), substituted “to such increase” for “to the arrangement”.
Subsec. (k)(2)(D). Pub. L. 100–647, § 1011(d)(3)(B), added subpar. (D) and struck out former subpar. (D) which read as follows: “An arrangement meets the requirements of this subparagraph only if it is elective, it is available under the same terms to all participants, and it provides that such election may be made in—
“(i) the year in which the participant—
“(I) attains the earliest retirement age under the defined benefit plan (determined without regard to any requirement of separation from service), or
“(II) separates from service, or
“(ii) both such years.”
Subsec. (l)(1). Pub. L. 100–647, § 1018(t)(3)(B), made technical correction to directory language of Pub. L. 99–514, § 1852(h)(2). See 1986 Amendment note below.
1986—Subsec. (b)(2)(B). Pub. L. 99–514, § 1898(b)(15)(C), substituted reference to section 417 for reference to section 401(a)(11)(G)(iii).
Subsec. (b)(2)(C). Pub. L. 99–514, § 1106(b)(1)(A), substituted in heading and in two places in text “the social security retirement age” for “age 62” and substituted new last sentence for “The reduction under this subparagraph shall not reduce the limitation of paragraph (1)(A) below—
“(i) if the benefit begins at or after age 55, $75,000, or
“(ii) if the benefit begins before age 55, the amount which is the equivalent of the $75,000 limitation for age 55.”
Subsec. (b)(2)(D). Pub. L. 99–514, § 1106(b)(1)(A)(i), substituted in heading and in two places in text “the social security retirement age” for “age 65”.
Subsec. (b)(2)(E)(iii). Pub. L. 99–514, § 1875(c)(9), substituted “this subsection” for “adjusting any benefit or limitation under subparagraph (B), (C), or (D)”.
Subsec. (b)(2)(F) to (H). Pub. L. 99–514, § 1106(b)(2), added subpars. (F) to (H).
Subsec. (b)(5). Pub. L. 99–514, § 1106(f), substituted “Reduction for participation or service of less than 10 years” for “Reduction for service less than 10 years” in heading and amended text generally. Prior to amendment, text read as follows: “In the case of an employee who has less than 10 years of service with the employer, the limitation referred to in paragraph (1), and the limitation referred to in paragraph (4), shall be the limitation determined under such paragraph (without regard to this paragraph), multiplied by a fraction, the numerator of which is the number of years (or part thereof) of service with the employer and the denominator of which is 10.”
Subsec. (b)(8). Pub. L. 99–514, § 1106(b)(1)(B), added par. (8).
Subsec. (b)(9). Pub. L. 99–514, § 1106(b)(3), added par. (9).
Subsec. (c)(1)(A). Pub. L. 99–514, § 1106(a), amended subpar. (A) generally, inserting “(or, if greater, ¼ of the dollar limitation in effect under subsection (b)(1)(A))”.
Subsec. (c)(2). Pub. L. 99–514, § 1108(g)(5), substituted “which are excludable from gross income under section 408(k)(6)” for “allowable as a deduction under section 219(a), and without regard to deductible employee contributions within the meaning of section 72(o)(5)” in last sentence.
Pub. L. 99–514, § 1106(e)(2), inserted at end “Subparagraph (B) of paragraph (1) shall not apply to any contribution for medical benefits (within the meaning of section 419A(f)(2)) after separation from service which is treated as an annual addition.”
Subsec. (c)(2)(B). Pub. L. 99–514, § 1106(e)(1), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “the lesser of—
“(i) the amount of the employee contributions in excess of 6 percent of his compensation, or
“(ii) one-half of the employee contributions, and”.
Subsec. (c)(3)(C). Pub. L. 99–514, § 1875(c)(11), substituted “any defined contribution plan” for “a profit-sharing or stock bonus plan”.
Subsec. (c)(3)(C)(i). Pub. L. 99–514, § 1847(b)(4), substituted “section 22(e)(3)” for “section 37(e)(3)”.
Subsec. (c)(3)(C)(ii). Pub. L. 99–514, § 1114(b)(12), substituted “a highly compensated employee (within the meaning of section 414(q))” for “an officer, owner, or highly compensated”.
Subsec. (c)(4)(A) to (C). Pub. L. 99–514, § 1106(b)(4), inserted “a health and welfare service agency,” after “a home health service agency,”.
Subsec. (c)(6)(A). Pub. L. 99–514, § 1174(d)(1), substituted “highly compensated employees (within the meaning of section 414(q))” for “the group of employees consisting of officers, shareholders owning more than 10 percent of the employer’s stock (determined under subparagraph (B)(iv)), or employees described in subparagraph (B)(iii)”.
Subsec. (c)(6)(B)(iii), (iv). Pub. L. 99–514, § 1174(d)(2)(A), struck out cls. (iii) and (iv) which read as follows:
“(iii) an employee described in this clause is any participant whose compensation for a year exceeds an amount equal to twice the amount described in paragraph (1)(A) for such year (as adjusted for such year pursuant to subsection (d)(1)), determined without regard to subparagraph (A) of this paragraph, and
“(iv) an individual shall be considered to own more than 10 percent of the employer’s stock if, without regard to stock held under the employee stock ownership plan, he owns (after application of section 1563(e)) more than 10 percent of the total combined voting power of all classes of stock entitled to vote or more than 10 percent of the total value of shares of all classes of stock.”
Subsec. (c)(6)(C). Pub. L. 99–514, § 1174(d)(2)(B), substituted “highly compensated employees (within the meaning of section 414(q))” for “the group of employees consisting of officers, shareholders owning more than 10 percent of the employer’s stock (determined under subparagraph (B)(iv)), or employees described in subparagraph (B)(iii)”.
Subsec. (d)(1)(B), (C). Pub. L. 99–514, § 1106(g)(1), redesignated subpar. (C) as (B) and struck out former subpar. (B), which related to the $30,000 amount in subsection (c)(1)(A).
Subsec. (d)(2)(A). Pub. L. 99–514, § 1106(g)(2)(A), substituted “subparagraph (A)” for “subparagraphs (A) and (B)”.
Subsec. (d)(2)(B). Pub. L. 99–514, § 1106(g)(2)(B), substituted “subparagraph (B)” for “subparagraph (C)”.
Subsec. (d)(3). Pub. L. 99–514, § 1106(g)(3), substituted “subparagraph (A)” for “subparagraph (A) or (B)”.
Subsec. (k). Pub. L. 99–514, § 1899A(13), which directed the general amendment of subsec. (k) by striking out par. (1) designation and redesignating subpars. (A) to (F) as pars. (1) to (6), respectively, was repealed by Pub. L. 100–647, § 1018(t)(8)(D).
Subsec. (k)(2). Pub. L. 99–514, § 1106(c)(1), added par. (2) relating to contributions to provide cost-of-living protection under defined benefit plans.
Subsec. (l). Pub. L. 99–514, § 1852(h)(3), substituted “a pension or annuity plan” for “a defined benefit plan” in pars. (1) and (2)(A).
Pub. L. 99–514, § 1852(h)(2), as amended by Pub. L. 100–647, § 1018(t)(3)(B), inserted at end of par. (1) “Subparagraph (B) of subsection (c)(1) shall not apply to any amount treated as an annual addition under the preceding sentence.”
1984—Subsec. (a)(2). Pub. L. 98–369, § 491(d)(28), struck out subpar. (D) which related to application of this section to a plan described in section 405(a), and in provision following subpar. (C) struck out “405(a),” after “403(b),”.
Subsec. (b)(2)(A), (B). Pub. L. 98–369, § 491(d)(29), (30), substituted “and 408(d)(3)” for “408(d)(3) and 409(b)(3)(C)”.
Subsec. (b)(2)(C). Pub. L. 98–369, § 713(a)(1)(A), substituted provision respecting determination as to whether $90,000 limitation has been satisfied by reducing the limitation of par. (1)(A) so that such limitation (as so reduced) equals an annual benefit (beginning when such retirement income benefit begins) which is equivalent to a $90,000 annual benefit beginning at age 62 for provision for such determination by adjusting the benefit so that it is equivalent to such a benefit beginning at age 62.
Subsec. (b)(2)(D). Pub. L. 98–369, § 713(a)(1)(B), substituted “limit” for “limitation” in heading, and in text substituted provision respecting determination as to whether $90,000 limitation has been satisfied by increasing the limitation of par. (1)(A) so that such limitation (as so increased) equals an annual benefit (beginning when such retirement income benefit begins) which is equivalent to a $90,000 annual benefit beginning at age 65 for provision for such determination by adjusting the benefit so that it is equivalent to such a benefit beginning at age 65.
Subsec. (b)(2)(E). Pub. L. 98–369, § 713(a)(1)(C), provided in cls. (i) and (iii) for adjustment of any limitation and substituted in cl. (ii) “any limitation” for “any benefit”.
Subsec. (c)(2). Pub. L. 98–369, § 491(d)(31), substituted “and 408(d)(3)” for “405(d)(3), 408(d)(3), and 409(b)(3)(C)”.
Subsec. (c)(3)(C). Pub. L. 98–369, § 713(k), inserted in introductory text “in a profit-sharing or stock bonus plan”, and substituted in last sentence “if contributions made with respect to amounts treated as compensation under this subparagraph” for “if contributions made with respect to such participant”.
Subsec. (c)(6)(B)(ii). Pub. L. 98–369, § 491(e)(6), substituted “section 409” for “section 409A”.
Subsec. (c)(6)(C). Pub. L. 98–369, § 713(d)(4)(B)(i)–(iii), substituted “paragraph (9)” for “paragraph (10)” of section 404(a), section “404(a)(9)(A)” for “404(a)(10)(A)”, and section “404(a)(9)(B)” for “404(a)(10)(B)”.
Subsec. (c)(7), (8). Pub. L. 98–369, § 713(d)(7)(A), redesignated par. (8) as (7), and struck out former par. (7) relating to certain level premium annuity contracts under plans benefiting owner-employees.
Subsec. (d)(2)(A). Pub. L. 98–369, § 15(b), substituted “1986” for “1984”.
Subsec. (d)(3). Pub. L. 98–369, § 15(a), substituted “January 1, 1988” for “January 1, 1986”.
Subsec. (e)(3)(B)(ii)(II). Pub. L. 98–369, § 713(d)(7)(B), struck out reference to subsec. (c)(8).
Subsec. (e)(6)(C). Pub. L. 98–369, § 713(a)(3), added subpar. (C).
Subsec. (k)(1). Pub. L. 98–369, § 491(d)(32), struck out subpars. (C) and (H), which included a qualified bond purchase plan described in section 405(a) and an individual retirement bond described in section 409 within the term “defined contribution plan” or “defined benefit plan”, respectively, and redesignated subpars. (D) to (G) as (C) to (F), respectively.
Subsec. (l). Pub. L. 98–369, § 528(a), added subsec. (l).
1983—Subsec. (c)(3)(C)(i). Pub. L. 98–21 substituted “section 37(e)(3)” for “section 105(d)(4)”.
1982—Subsec. (b)(1)(A). Pub. L. 97–248, § 235(a)(1), substituted “$90,000” for “$75,000”.
Subsec. (b)(2)(C). Pub. L. 97–248, § 235(a)(3)(A), (e)(1), (2), inserted provisions relating to reduction under this subparagraph, and substituted “$90,000” for “$75,000” and “62” for “55”, wherever appearing.
Subsec. (b)(2)(D), (E). Pub. L. 97–248, § 235(e)(3), (4), added subpars. (D) and (E).
Subsec. (b)(7). Pub. L. 97–248, § 235(a)(3)(B), substituted “the greater of $68,212 or one-half the amount otherwise applicable for such year under paragraph (1)(A) for ‘$90,000’ ” for “ ‘37,500’ for ‘75,000’ ”.
Subsec. (c)(1)(A). Pub. L. 97–248, § 235(a)(2), substituted “$30,000” for “$25,000”.
Subsec. (c)(3). Pub. L. 97–248, § 253(a), designated existing provisions as subpars. (A) and (B) and added subpar. (C).
Subsec. (c)(4). Pub. L. 97–248, § 251(c)(1), substituted “, home health service agencies, and certain churches, etc.” for “and home health service agencies” in heading, in subpar. (A) inserted “(as determined for purposes of section 403(b)(2))” after “by taking into account his service for the employer”, substituted “a home health service agency, or a church, convention or association of churches, or an organization described in section 414(e)(3)(B)(ii)” for “or a home health service agency” in subpars. (A), (B) and (C), respectively, and, in subpar. (D), added cl. (iv).
Subsec. (c)(5). Pub. L. 97–248, § 238(d)(5), struck out par. (5) relating to application with section 404(e)(4).
Subsec. (c)(8). Pub. L. 97–248, § 251(c)(2), added par. (8).
Subsec. (d)(1). Pub. L. 97–248, § 235(b)(1), substituted “benefit amounts” for “primary insurance amounts” in provision following subpar. (C).
Pub. L. 97–248, § 235(b)(3), substituted “$90,000” for “$75,000” in subpar. (A), and in subpar. (B) substituted “$30,000” for “$25,000”.
Subsec. (d)(2)(A). Pub. L. 97–248, § 235(b)(2)(B), substituted “1984” for “1974”.
Subsec. (d)(3). Pub. L. 97–248, § 235(b)(2)(A), added par. (3).
Subsec. (e)(1). Pub. L. 97–248, § 235(c)(1), substituted “1.0” for “1.4”.
Subsec. (e)(2)(B). Pub. L. 97–248, § 235(c)(2)(A), substituted provisions that for purposes of this subsection, the defined benefit plan fraction for any year has a denominator which is the lesser of the product of 1.25 multiplied by the dollar limitation in effect under subsec. (b)(1)(A) for such year, or the product of 1.4 multiplied by the amount which may be taken into account under subsec. (b)(1)(B) with respect to such individual under the plan for such year, for provisions that such benefit plan fraction had a denominator which was the projected annual benefit of the participant under the plan (determined as of the close of the year) if the plan provided the maximum benefit allowable under subsec. (b).
Subsec. (e)(3)(B). Pub. L. 97–248, § 235(c)(2)(B), substituted provision that the defined contribution plan fraction for any year has a denominator which, determined for such year and for each prior year of service with the employer, is the lesser of either the product of 1.25 multiplied by the dollar limitation in effect under subsec. (c)(1)(A) for such year (determined without regard to subsec. (c)(6)), or the product of 1.4 multiplied by the amount which may be taken into account under subsec. (c)(1)(B) (or subsec. (c)(7) or (8), if applicable) with respect to such individual under such plan for such year, for provision that the denominator of such fraction was the sum of the maximum amount of annual additions to the participant’s account which could have been made under subsec. (c) for such year and for each prior year of service with the employer (determined without regard to subsec. (c)(6)).
Subsec. (e)(6). Pub. L. 97–248, § 235(d), added par. (6).
1981—Subsec. (a)(2). Pub. L. 97–34, § 311(g)(4)(A), struck out in provision preceding subpar. (A) “Except as provided in paragraph (3)”, redesignated former subpar. (E) as (C), and in subpar. (C) as so designated, inserted “described in section 408(k), or”, redesignated former subpar. (F) as (D), struck out former subpars. (C), relating to an individual retirement account described under section 408(a), (D), relating to an individual retirement annuity described in section 408(b), and (G), relating to a retirement bond described in section 409, and in provision following subpar. (D), substituted “such a contract, plan, or pension,” for “such contract, annuity plan, account, annuity, plan, or bond” and “408(k)” for “408(a), 408(b), or 409”.
Subsec. (a)(3). Pub. L. 97–34, § 311(h)(3), struck out par. (3) which provided that par. (2) not apply to an account, annuity, or bond described in section 408(a), 408(b), or 409, established for the benefit of the spouse of the individual contributing to such account, or for such annuity or bond, if a deduction is allowed under section 220 to such individual with respect to such contribution for such year.
Subsec. (c)(2). Pub. L. 97–34, § 311(g)(4)(B), included in provision following subpar. (C) references to sections 403(b)(8) and 405(d)(3) and inserted “without regard to employee contributions to a simplified employee pension allowable as a deduction under section 219(a), and without regard to deductible employee contributions within the meaning of section 72(o)(5)”.
Subsec. (c)(6)(C). Pub. L. 97–34, § 333(b)(1), added subpar. (C).
Subsec. (e)(5). Pub. L. 97–34, § 311(g)(4)(C), struck out “, any individual retirement account described in section 408(a), any individual retirement annuity described in section 408(b), and any retirement bond described in section 409,” before “for the benefit”.
1980—Subsec. (b)(7). Pub. L. 96–222, § 101(a)(11), substituted in subpar. (C) “under which benefits are determined solely by reference to length of service, the particular years during which service was rendered, age at retirement, and date of retirement” for “benefits under which are determined by multiplying a specified amount (which is the same amount for each participant) by the number of the participant’s years of service” and inserted in text following subpar. (E) provisions requiring that this paragraph not apply to a participant for any period for which he is a participant under another plan to which this section applies which is maintained by an employer maintaining this plan.
Subsec. (c)(6)(A). Pub. L. 96–605 inserted “, or purchased with cash contributed,” after “securities contributed”.
Subsec. (c)(6)(B)(i). Pub. L. 96–222, § 101(a)(7)(L)(i)(VII), (iv)(I), substituted “a tax credit employee stock ownership plan” for “an ESOP” and struck out “leveraged” before “employee”.
Subsec. (e)(5). Pub. L. 96–222, § 101(a)(10)(I), inserted provisions requiring that for purposes of this section, any contribution by an employer to a simplified employee pension for an individual for a taxable year be treated as an employer contribution to a defined contribution plan for such individual for such year.
1978—Subsec. (a)(2). Pub. L. 95–600, § 152(g)(1), (2), as amended by Pub. L. 96–222, § 101(a)(10)(J)(iii), added subpar. (E), redesignated former subpars. (E) and (F) as (F) and (G), respectively, and in provision following subpar. (G) as so redesignated, inserted “408(k),” after “408(b),”.
Subsec. (b)(7). Pub. L. 95–600, § 153(a), added par. (7).
Subsec. (c)(6)(B)(i). Pub. L. 95–600, § 141(f)(7), substituted “leveraged employee stock ownership plan (within the meaning of section 4975(e)(7)) or an ESOP” for “a plan which meets the requirements of section 4975(e)(7) or section 301(d) of the Tax Reduction Act of 1975”.
Subsec. (c)(6)(B)(ii). Pub. L. 95–600, § 141(f)(7), substituted “has the meaning given to such term by section 409A” for “means, in the case of an employee stock ownership plan within the meaning of section 4975(e)(7), qualifying employer securities within the meaning of section 4975(e)(8), but only if they are described in section 301(d)(9)(A) of the Tax Reduction Act of 1975, or, in the case of an employee stock ownership plan described in section 301(d)(2) of the Tax Reduction Act of 1975, employer securities within the meaning of section 301(d)(9)(A) of such Act”.
Subsec. (e)(5). Pub. L. 95–600, § 152(g)(3), inserted “any simplified employee pension,” after “section 408(b),”.
Subsec. (k)(1)(G), (H). Pub. L. 95–600, § 152(g)(4), added subpar. (G) and redesignated former subpar. (G) as (H).
1976—Subsec. (a)(2). Pub. L. 94–455, § 1501(b)(3)(A), substituted “Except as provided in paragraph (3), in the case” for “In the case”.
Subsec. (a)(3). Pub. L. 94–455, § 1501(b)(3)(B), added par. (3).
Subsec. (b)(2)(A). Pub. L. 94–455, § 1901(a)(65)(A), inserted closing parenthesis after “409(b)(3)(C)”.
Subsec. (b)(2)(B). Pub. L. 94–455, §§ 1901(a)(65)(B), 1906(b)(13)(A), struck out “or his delegate” after “Secretary” and substituted “section 401(a)(11)(G)(iii)” for “section 401(a)(11)(H)(iii)”.
Subsec. (b)(2)(C), (6). Pub. L. 94–455, § 1906(b)(13)(A), struck out “or his delegate” after “Secretary”.
Subsec. (c)(4). Pub. L. 94–455, §§ 1901(b)(8)(D), 1906(b)(13)(A), substituted “educational organizations” for “educational institutions” in the heading and “educational organization” for “educational institution” in subpars. (A), (B), and (C), struck out “or his delegate” after “Secretary” in subpar. (D)(i), and substituted “For purposes of this paragraph the term ‘educational organization’ means an educational organization described in section 170(b)(1)(A)(ii)” for “For purposes of this paragraph the term ‘educational institution’ means an educational institution as defined in section 151(e)(4)” in subpar. (D)(ii).
Subsec. (c)(5). Pub. L. 94–455, § 1502(a)(1), added par. (5).
Subsec. (c)(6). Pub. L. 94–455, § 803(f)(1), added par. (6).
Subsec. (c)(7). Pub. L. 94–455, § 1511(a), added par. (7).
Subsec. (e)(3)(B). Pub. L. 94–455, § 803(f)(2), substituted “with the employer determined without regard to paragraph (6) of such subsection)” for “with the employer”.
Subsec. (e)(5). Pub. L. 94–455, § 803(b)(4), substituted “For purposes of this section” for “For purposes of this subsection”.
Subsecs. (g), (i), (j). Pub. L. 94–455, § 1906(b)(13)(A), struck out “or his delegate” after “Secretary”.
Pub. L. 110–458, title I, § 103(b)(2)(B)(ii), Dec. 23, 2008, 122 Stat. 5103, provided that:
Except as provided in subclause (II), the amendment made by clause (i) [amending this section] shall apply to years beginning after December 31, 2008.
A plan sponsor may elect to have the amendment made by clause (i) apply to any year beginning after December 31, 2007, and before January 1, 2009, or to any portion of any such year.”
Pub. L. 110–458, title I, § 122(b), Dec. 23, 2008, 122 Stat. 5114, provided that: “The amendment made by this section [amending this section] shall apply to years beginning after December 31, 2008.”
Pub. L. 109–280, title III, § 303(b), Aug. 17, 2006, 120 Stat. 921, provided that: “The amendment made by subsection (a) [amending this section] shall apply to distributions made in years beginning after December 31, 2005.”
Pub. L. 109–280, title VIII, § 821(d), Aug. 17, 2006, 120 Stat. 998, provided that:
The amendments made by subsections (a) and (c) [amending this section] shall take effect as if included in the amendments made by section 1526 of the Taxpayer Relief Act of 1997 [Pub. L. 105–34].
The amendments made by subsection (b) [amending this section] shall take effect as if included in the amendments made by section 647 of the Economic Growth and Tax Relief Reconciliation Act of 2001 [see section 647(c) of Pub. L. 107–16, set out as an Effective Date of 2001 Amendment note under section 403 of this title].”
Pub. L. 109–280, title VIII, § 832(b), Aug. 17, 2006, 120 Stat. 1003, provided that: “The amendment made by this section [amending this section] shall apply to years beginning after December 31, 2005.”
Pub. L. 109–280, title VIII, § 867(b), Aug. 17, 2006, 120 Stat. 1025, provided that: “The amendment made by this section [amending this section] shall apply to years beginning after December 31, 2006.”
Pub. L. 107–16, title VI, § 611(i), June 7, 2001, 115 Stat. 100, as amended by Pub. L. 107–147, title IV, § 411(j)(3), Mar. 9, 2002, 116 Stat. 47, provided that:
The amendments made by this section [amending this section and sections 401, 402, 404, 408, 457, 501, and 505 of this title] shall apply to years beginning after December 31, 2001.
“(2)Defined benefit plans.—
The amendments made by subsection (a) [amending this section] shall apply to years ending after December 31, 2001.”
“(3) Special rule.—In the case of plan that, on June 7, 2001, incorporated by reference the limitation of section 415(b)(1)(A) of the Internal Revenue Code of 1986, section 411(d)(6) of such Code and section 204(g)(1) of the Employee Retirement Income Security Act of 1974 [29 U.S.C. 1054(g)(1)] do not apply to a plan amendment that—
Pub. L. 107–16, title VI, § 632(b)(2), June 7, 2001, 115 Stat. 115, provided that:
The amendment made by paragraph (1) [amending this section] shall apply to limitation years beginning after December 31, 1999.
“(B)Exclusion allowance.—
Effective for limitation years beginning in 2000, in the case of any annuity contract described in section 403(b) of the Internal Revenue Code of 1986, the amount of the contribution disqualified by reason of section 415(g) of such Code shall reduce the exclusion allowance as provided in section 403(b)(2) of such Code.”
Pub. L. 107–16, title VI, § 654(c), June 7, 2001, 115 Stat. 131, provided that: “The amendments made by this section [amending this section] shall apply to years beginning after December 31, 2001.”
Pub. L. 105–34, title XV, § 1526(c), Aug. 5, 1997, 111 Stat. 1073, provided that:
The amendments made by this section [amending this section] shall apply to permissive service credit contributions made in years beginning after December 31, 1997.
In the case of an eligible participant in a governmental plan (within the meaning of section 414(d) of the Internal Revenue Code of 1986), the limitations of section 415(c)(1) of such Code shall not be applied to reduce the amount of permissive service credit which may be purchased to an amount less than the amount which was allowed to be purchased under the terms of the plan as in effect on the date of the enactment of this Act [Aug. 5, 1997].
“(B)Eligible participant.—
For purposes of subparagraph (A), an eligible participant is an individual who first became a participant in the plan before the first plan year beginning after the last day of the calendar year in which the next regular session (following the date of the enactment of this Act) of the governing body with authority to amend the plan ends.”
Pub. L. 105–34, title XV, § 1527(b), Aug. 5, 1997, 111 Stat. 1074, provided that: “The amendment made by subsection (a) [amending this section] shall apply to years beginning after December 31, 1996.”
Pub. L. 104–188, title I, § 1444(e), Aug. 20, 1996, 110 Stat. 1811, provided that:
The amendments made by subsections (a), (b), and (c) [amending this section and section 457 of this title] shall apply to years beginning after December 31, 1994. The amendments made by subsection (d) [amending this section] shall apply with respect to revocations adopted after the date of the enactment of this Act [Aug. 20, 1997].
“(2)Treatment for years beginning before .—
Nothing in the amendments made by this section shall be construed to imply that a governmental plan (as defined in section 414(d) of the Internal Revenue Code of 1986) fails to satisfy the requirements of section 415 of such Code for any taxable year beginning before January 1, 1995.”
Pub. L. 104–188, title I, § 1446(b), Aug. 20, 1996, 110 Stat. 1811, provided that: “The amendment made by this section [amending this section] shall apply to years beginning after December 31, 1996.”
Pub. L. 104–188, title I, § 1449(c), Aug. 20, 1996, 110 Stat. 1814, provided that: “The amendments made by this section [amending this section and provisions set out as a note under section 411 of this title] shall take effect as if included in the provisions of section 767 of the Uruguay Round Agreements Act [Pub. L. 103–465].”
Pub. L. 104–188, title I, § 1452(d), Aug. 20, 1996, 110 Stat. 1816, provided that:
Except as provided in paragraph (2), the amendments made by this section [amending this section and sections 416 and 4980A of this title] shall apply to limitation years beginning after December 31, 1999.
“(2)Excess distributions.—
The amendment made by subsection (b) [amending section 4980A of this title] shall apply to years beginning after December 31, 1996.”
Pub. L. 101–239, title VII, § 7304(c)(2), Dec. 19, 1989, 103 Stat. 2354, provided that: “The amendment made by this subsection [amending this section] shall apply to years beginning after July 12, 1989.”
Pub. L. 100–647, title VI, § 6054(b), Nov. 10, 1988, 102 Stat. 3697, as amended by Pub. L. 101–239, title VII, § 7816(h), Dec. 19, 1989, 103 Stat. 2421, provided that:
Except as provided in this subsection, the amendment made by this section [amending this section] shall apply to years beginning after December 31, 1982.
Section 415(b)(10)(C) of the 1986 Code (as added by subsection (a)) shall not apply to any year beginning before January 1, 1990.”
Pub. L. 100–647, title VI, § 6059(b), Nov. 10, 1988, 102 Stat. 3699, provided that: “The amendment made by this section [amending this section] shall apply as if included in the amendments made by section 1106(b)(2) of the Reform Act [Pub. L. 99–514].”
Pub. L. 99–514, title XI, § 1106(i), Oct. 22, 1986, 100 Stat. 2425, as amended by Pub. L. 100–647, title I, § 1011(d)(5), title VI, § 6062(a), Nov. 10, 1988, 102 Stat. 3460, 3700, provided that:
Except as provided in this subsection, the amendments made by this section [amending this section and sections 401, 402, 404, 416, and 818 of this title] shall apply to years beginning after December 31, 1986.
“(2)Collective bargaining agreements.—
In the case of a plan in effect before March 1, 1986, pursuant to 1 or more collective bargaining agreements between employee representatives and 1 or more employers, the amendments made by this section (other than subsection (d)) shall not apply to contributions or benefits pursuant to such agreement in years beginning before October 1, 1991.
“(3) Right to higher accrued defined benefit preserved.—
In the case of an individual who is a participant (as of the 1st day of the 1st year to which the amendments made by this section apply) in a defined benefit plan which is in existence on May 6, 1986, and with respect to which the requirements of section 415 of the Internal Revenue Code of 1986 have been met for all plan years, if such individual’s current accrued benefit under the plan exceeds the limitation of subsection (b) of section 415 of such Code (as amended by this section), then (in the case of such plan), for purposes of subsections (b) and (e) of such section, the limitation of such subsection (b)(1)(A) with respect to such individual shall be equal to such current accrued benefit.
“(B) Current accrued benefit defined.—
For purposes of this paragraph, the term ‘current accrued benefit’ means the individual’s accrued benefit (at the close of the last year to which the amendments made by this section do not apply) when expressed as an annual benefit (within the meaning of section 415(b)(2) of such Code).
“(ii)Special rule.—For purposes of determining the amount of any individual’s current accrued benefit—
no change in the terms and conditions of the plan after May 5, 1986, and
no cost-of-living adjustment occurring after May 5, 1986,
“(4)Transition rule where the sum of defined contribution and defined benefit plan fractions exceeds 1.0.—
In the case of a plan which satisfied the requirements of section 415 of the Internal Revenue Code of 1986 for its last year beginning before January 1, 1987, the Secretary of the Treasury or his delegate shall prescribe regulations under which an amount is subtracted from the numerator of the defined contribution plan fraction (not exceeding such numerator) so that the sum of the defined benefit plan fraction and the defined contribution plan fraction computed under section 415(e)(1) of such Code does not exceed 1.0 for such year (determined as if the amendments made by this section were in effect for such year).
“(5)Effective date for subsection (d).—
Except as provided in subparagraph (B), the amendment made by subsection (d) [amending sections 401, 404, 416, and 818 of this title] shall apply to benefits accruing in years beginning after December 31, 1988.
“(B)Collective bargaining agreements.—In the case of a plan described in paragraph (2), the amendments made by subsection (d) shall apply to benefits accruing in years beginning on or after the earlier of—
“(i) the later of—
the date determined under paragraph (2)(A), or
“(6)Special rule for amendment made by subsection (e).—
The amendment made by subsection (e) [amending this section] shall not require the recomputation, for purposes of section 415(e) of the Internal Revenue Code of 1986, of the annual addition for any year beginning before 1987.”
[Pub. L. 100–647, title VI, § 6062(b), Nov. 10, 1988, 102 Stat. 3700, provided that: “The amendment made by this section [amending section 1106(i) of Pub. L. 99–514, set out above] shall take effect as if included in the provisions of section 1106 of the Reform Act [Pub. L. 99–514].”
Pub. L. 99–514, title XI, § 1174(d)(3), Oct. 22, 1986, 100 Stat. 2518, provided that: “The amendments made by this subsection [amending this section] shall apply to years beginning after December 31, 1986.”
Pub. L. 97–248, title II, § 235(g), Sept. 3, 1982, 96 Stat. 508, as amended by Pub. L. 97–448, title III, § 306(a)(10), Jan. 12, 1983, 96 Stat. 2404; Pub. L. 98–369, div. A, title VII, § 713(a)(2), (4), (f)(3), July 18, 1984, 98 Stat. 956, 959; Pub. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095, provided that:
“(A)New plans.—
In the case of any plan which is not in existence on July 1, 1982, the amendments made by this section [amending this section and section 404 of this title] shall apply to years ending after July 1, 1982.
“(B) Existing plans.—
In the case of any plan which is in existence on July 1, 1982, the amendments made by this section [amending this section and section 404 of this title] shall apply to years beginning after December 31, 1982.
“(ii)Plan requirements.—
A plan shall not be treated as failing to meet the requirements of section 401(a)(16) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] for any year beginning before January 1, 1984, merely because such plan provides for benefit or contribution limits which are in excess of the limitations under section 415 of such Code, as amended by this section. The preceding sentence shall not apply to any plan which provides such limits in excess of the limitation under section 415 of such Code before such amendments.
“(2) Amendments related to cost-of-living adjustments.—
Except as provided in subparagraph (B), the amendments made by subsection (b) [amending this section] shall apply to adjustments for years beginning after December 31, 1982.
“(B)Adjustment procedures.—
The amendments made by subsections (b)(1) and (b)(2)(B) [amending this section] shall apply to adjustments for years beginning after December 31, 1985.
“(3)Transition rule where the sum of defined contribution and defined benefit plan fractions exceeds 1.0.—
In the case of a plan which satisfied the requirements of section 415 of the Internal Revenue Code of 1986 for the last year beginning before January 1, 1983, the Secretary of the Treasury or his delegate shall prescribe regulations under which an amount is subtracted from the numerator of the defined contribution plan fraction (not exceeding such numerator) so that the sum of the defined benefit plan fraction and the defined contribution plan fraction computed under section 415(e)(1) of the Internal Revenue Code of 1986 (as amended by the Tax Equity and Fiscal Responsibility Act of 1982) does not exceed 1.0 for such year. A similar rule shall apply with respect to the last plan year beginning before January 1, 1984, for purposes of applying section 416(h) of the Internal Revenue Code of 1986.
“(4) Right to higher accrued defined benefit preserved.—
In the case of an individual who is a participant before January 1, 1983, in a defined benefit plan which is in existence on July 1, 1982, and with respect to which the requirements of section 415 of such Code have been met for all years, if such individual’s current accrued benefit under such plan exceeds the limitation of subsection (b) of section 415 of the Internal Revenue Code of 1986 (as amended by this section), then (in the case of such plan) for purposes of subsections (b) and (e) of such section, the limitation of such subsection (b) with respect to such individual shall be equal to such current accrued benefit.
For purposes of this paragraph, the term ‘current accrued benefit’ means the individual’s accrued benefit (at the close of the last year beginning before January 1, 1983) when expressed as an annual benefit (within the meaning of section 415(b)(2) of such Code as in effect before the amendments made by this Act). In the case of any plan described in the first sentence of paragraph (5), the preceding sentence shall be applied by substituting for ‘January 1, 1983’ the applicable date determined under paragraph (5).
no change in the terms and conditions of the plan after July 1, 1982, and
no cost-of-living adjustment occurring after July 1, 1982,
“(5)Special rule for collective bargaining agreements.—In the case of a plan maintained on the date of the enactment of this Act [Sept. 3, 1982] pursuant to 1 or more collective bargaining agreements between employee representatives and 1 or more employers, the amendments made by this section [amending this section and section 404 of this title] and section 242 [amending section 401 of this title and enacting a provision set out as a note under section 401 of this title] (relating to age 70½) shall not apply to years beginning before the earlier of—
the date on which the last of the collective bargaining agreements relating to the plan terminates (determined without regard to any extension thereof agreed to after the date of the enactment of this Act [Sept. 3, 1982]), or
January 1, 1986.
For purposes of subparagraph (A), any plan amendment made pursuant to a collective bargaining agreement relating to the plan which amends the plan solely to conform to any requirement added by this section and section 242 shall not be treated as a termination of such collective bargaining agreement.”
Pub. L. 97–34, title III, § 333(b)(2), Aug. 13, 1981, 95 Stat. 297, provided that: “The amendment made by this subsection [amending this section] shall apply to years beginning after December 31, 1981.”
Pub. L. 96–605, title II, § 222(b), Dec. 28, 1980, 94 Stat. 3528, provided that: “The amendment made by subsection (a) [amending this section] shall apply with respect to years beginning after December 31, 1980.”
Pub. L. 96–222, title I, § 101(b)(1)(G), Apr. 1, 1980, 94 Stat. 205, provided that: “The amendment made by subparagraph (I) of subsection (a)(10) [amending this section] shall apply to taxable years beginning after the date of the enactment of this Act [Apr. 1, 1980].”
Pub. L. 95–600, title I, § 141(g)(5), as added by Pub. L. 96–222, title I, § 101(a)(7)(B), Apr. 1, 1980, 94 Stat. 197, provided that: “The amendment made by subsection (f)(7) [amending this section] shall apply to years beginning after December 31, 1978.”
Pub. L. 95–600, title I, § 153(b), Nov. 6, 1978, 92 Stat. 2801, provided that: “The amendment made by this section [amending this section] shall apply to years beginning after December 31, 1978.”
Pub. L. 94–455, title XV, § 1502(b), Oct. 4, 1976, 90 Stat. 1738, provided that: “The amendment made by subsection (a)(1) [amending this section] shall apply to years beginning after December 31, 1975. The amendment made by subsection (a)(2) [amending section 404 of this title] shall apply to taxable years beginning after December 31, 1975.”
Pub. L. 94–455, title XV, § 1511(b), Oct. 4, 1976, 90 Stat. 1742, provided that: “The amendment made by this section [amending this section] shall apply for years beginning after December 31, 1975.”
Pub. L. 93–406, title II, § 2004(d), Sept. 2, 1974, 88 Stat. 987, as amended by Pub. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095, provided that:
The amendments made by this section [enacting this section, amending sections 401, 403, 404, 405, and 805 of this title, and enacting provisions set out as notes under this section] shall apply to years beginning after December 31, 1975. The Secretary of the Treasury shall prescribe such regulations as may be necessary to carry out the provisions of this paragraph.
“(2)Transition rule for defined benefit plans.—In the case of an individual who was an active participant in a defined benefit plan before October 3, 1973, if—
the annual benefit (within the meaning of section 415(b)(2) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954]) payable to such participant on retirement does not exceed 100 percent of his annual rate of compensation on the earlier of (i) October 2, 1973, or (ii) the date on which he separated from the service of the employer,
such annual benefit is no greater than the annual benefit which would have been payable to such participant on retirement if (i) all the terms and conditions of such plan in existence on such date had remained in existence until such retirement, and (ii) his compensation taken into account for any period after October 2, 1973, had not exceeded his annual rate of compensation on such date, and
in the case of a participant who separated from the service of the employer prior to October 2, 1973, such annual benefit is no greater than his vested accrued benefit as of the date he separated from the service,
then such annual benefit shall be treated as not exceeding the limitation of subsection (b) of section 415 of the Internal Revenue Code of 1986.”
Pub. L. 99–514, title XI, § 1106(h), Oct. 22, 1986, 100 Stat. 2425, provided that: “Notwithstanding any other provision of law, except as provided in regulations prescribed by the Secretary of the Treasury or his delegate, a plan may incorporate by reference the limitations under section 415 of the Internal Revenue Code of 1986.”
Special Rule for Certain Plans in Effect on September 2, 1974
Pub. L. 93–406, title II, § 2004(a)(3), Sept. 2, 1974, 88 Stat. 985, as amended by Pub. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095, provided that: “In any case in which, on the date of enactment of this Act [Sept. 2, 1974], an individual is a participant in both a defined benefit plan and a defined contribution plan maintained by the same employer, and the sum of the defined benefit plan fraction and the defined contribution plan fraction for the year during which such date occurs exceeds 1.4, the sum of such fractions may continue to exceed 1.4 if—
the defined benefit plan fraction is not increased, by amendment of the plan or otherwise, after
no contributions are made under the defined contribution plan after such date.
A trust which is part of a pension, profit-sharing, or stock bonus plan described in the preceding sentence shall not be treated as not constituting a qualified trust under section 401(a) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] on account of the provisions of section 415(e) of such Code, as long as it is described in the preceding sentence of this subsection.”