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Definitions for "Top Heavy Plan"
Keywords:  vested, minmum, empolyees, heavy, harbor
Related Terms: Top-heavy plan, Defined contribution, Occupational pension, Forfeiture, Forfeitures, Defined contribution plan, Defined benefit pension plan, Money purchase pension plan, Defined benefit plan, Target benefit plan, Defined contribution pension plan, Accrued benefit, Defined-benefit plan, Defined benefit, Pension plan, Pensions, Occupational pension scheme, Final salary scheme, Cash balance plan, Contribution, Vesting, Profit sharing plan, Pension scheme, Defined benefit scheme, Defined-contribution plan, Money purchase plan, Personal pension plan, Deferred pension, Furbs, Retirement plan, Unfunded pension plan, Additional voluntary contributions, Pension adjustment, Qpp, Plan , Additional voluntary contribution, Added years, Locked-in, Serps, State earnings-related pension scheme, Personal pension, Ppp , State second pension, Cliff vesting, Contracting out, Nonqualified plan, State earnings related pension scheme, Money purchase scheme, Avc, Coda
A plan in which more than 60% of its value is for the benefit of  key empolyees, including owners and officers. Additional requirements apply to top-heavy plans, such as more rapid vesting schedules and minmum contributions for plan participants who are not key employees.
prudential.com
For plan years beginning in 1984, a plan that primarily benefits key employees is considered top-heavy and qualifies for favorable tax treatment only if, in addition to the regular requirements, it meets several special requirements
skyfi.com
A plan in which 60 percent of account balances (both vested and non-vested) are held by certain highly compensated employees.
psca.org
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