top-heavy group
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 416 — for purposes of this section
The term “top-heavy group” means any aggregation group if—
(i) the sum (as of the determination date) of—
(I) the present value of the cumulative accrued benefits for key employees under all defined benefit plans included in such group, and
(II) the aggregate of the accounts of key employees under all defined contribution plans included in such group,
(ii) exceeds 60 percent of a similar sum determined for all employees.