Laserfiche WebLink
requirements for participation, procedures for submitting claims, and the other terms and <br />conditions of coverage. Such underlying Plan documents or contracts, if any, are incorporated <br />into this Plan by reference. <br />5.6 Forfeiture. Any amounts, whether obtained through salary reduction, salary deduction, <br />Employer Contributions (if any), or otherwise, under this Plan which cannot be distributed by the <br />Plan Administrator to cover the cost of Benefits for the applicable Plan Year, shall be forfeited by <br />the Participant. The Plan Administrator may use such forfeited amounts to defray the reasonable <br />administrative costs of the Plan. To the extent forfeited amounts remain, the Plan Administrator <br />shall arrange for the provision of a benefit for a broad cross section of Participants of the same <br />type as the benefit which resulted in the forfeitures. Under no circumstances shall the Plan <br />Administrator establish an outside formal or informal arrangement under which the forfeited <br />amounts will be "currently available" (as defined in Internal Revenue Service proposed or final <br />regulations) to the Participant who experienced the forfeiture. This forfeiture requirement shall <br />be applied separately for each Optional Benefit. <br />5.7 Limitations on Benefits. Benefits shall be limited in a manner which will prevent the Plan from <br />discriminating in favor of Highly Compensated Individuals as to eligibility to participate and Highly <br />Compensated Participants as to contributions and benefits. As provided in Section 6.13, the Plan <br />Administrator shall determine the manner of adjusting eligibility, benefits, and contributions, if <br />necessary, and may do so with or without the consent of such Participants. <br />©2007 Hitesman & Associates, P.A. 13 Elk River Municipal Utilities <br />122707 Flexible Benefits Plan <br />