top-heavy

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top-heavy

(of a business enterprise) having too many executives
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
What are the special qualification requirements that apply to top-heavy plans?
(3) Faster vesting is required for top-heavy plans and for the match portion of traditional 401(k) plans.
Under the Act, a safe harbor 401(k) plan is automatically considered not to be top-heavy (even if it primarily benefits certain key employees) and, thus, will no longer be subject to the minimum contribution and vesting standards of top-heavy plans. This provision is effective for plan years beginning after December 31, 2001.