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Governmental Plans under Code §401(a) - Qualified Excess Benefit Arrangements

Under Code §415(m), a portion of a governmental plan is a qualified excess benefit arrangement if:

  • it is maintained to only provide a participant's annual benefit that exceeds the Code §415 limits;

  • it does not allow a participant to directly or indirectly defer any compensation to that portion of the plan; and

  • excess benefits are paid only from a plan trust account maintained solely for the purpose of providing excess benefits.
Page Last Reviewed or Updated: 11-Jul-2014