Common use of Allocation Accrual Requirements Clause in Contracts

Allocation Accrual Requirements. No Hours of Service or last day requirement may be imposed on any Employer contribution that is subject to the Safe Harbor Plan rules. a. A Year of Service for allocation accrual purposes cannot be less than one (1) Hour of Service nor greater than 1,000 hours by operation of law. If left blank, the Plan will use 1,000 hours. Enter whole digit numbers only.