Plan Language, Benefit Limitations Under Code Section 436 for Defined Benefit Plans | Practical Law
Standard Clauses to be added to a defined benefit plan document to satisfy Section 436 of the Internal Revenue Code (Code) regarding the limitations on the accrual and payment of benefits under certain underfunded single-employer defined benefit plans. These Standard Clauses are based on a model published by the Internal Revenue Service (IRS) and have integrated notes with important explanations and drafting tips.