§ 32.005 CORRECTIVE DISTRIBUTION FOR EXCESS DEFERRALS.
   A corrective distribution for excess elective deferrals shall be paid if the participant designates (or the participant is deemed to have notified the Plan Administrator of) an amount of excess deferrals according to § 32.001 and the distribution satisfies § 32.003.
(Ord. NIRC 97-1, passed 1-15-1997)