63. Nonforfeitability of minimum allocation

Statement of Requirement: Code § 416(c); Rev. Proc. 2023-37, 2023-51 I.R.B. 1491, sec. 9.02(2)

Sample Plan Language:

The minimum allocation required (to the extent required to be nonforfeitable under section 416(b)) may not be forfeited under sections 411(a)(3)(B) or 411(a)(3)(D).

(Note to reviewer: In general, these citations refer to 3-year cliff and 6-year graded vesting schedules.)