top-heavy

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Related to Top Heavy Plan: Qualified Plans

top-heavy

(of a business enterprise) having too many executives
References in periodicals archive ?
1) Rapid vesting-A top heavy plan must provide for vesting under one of two alternative schedules.
For a defined benefit plan, the benefit for a non-key employee which must be accrued is at least 2% of the employee's average annual compensation multiplied by the employee's years of service with the employer in which a top heavy plan year ends.
A top heavy plan must meet one of two special vesting rules.