Common use of Allocation Method Clause in Contracts

Allocation Method. The Plan Administrator will allocate a Plan-Designated QNEC using the following method (Choose a., b., c. or d.): a. [ ] Pro rata. b. [ ] Flat dollar. c. [ ] Reverse. See Section 3.04(C)(3). d. [ ] Describe: . [Note: Any allocation method the Employer elects under Election 27(b)(3)d. must be definitely determinable. See Section 4.10(C) as to targeting limitations applicable to QNEC nondiscrimination testing.]

Appears in 3 contracts

Samples: Adoption Agreement, Adoption Agreement, Adoption Agreement

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Allocation Method. The Plan Administrator will allocate a Plan-Designated QNEC using the following method (Choose one of a., b., c. c, or d.): a. [ ] Pro rata. b. [ ] Flat dollar. c. [ ] Reverse. See Section 3.04(C)(3). d. [ ] Describe: . [Note: Any allocation method the Employer elects under Election 27(b)(3)d29(b)(3)d. must be definitely determinable. See Section 4.10(C4.10(D) as to targeting limitations applicable to QNEC nondiscrimination testing.]

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Firstmerit Corp /Oh/)

Allocation Method. The Plan Administrator will allocate a Plan-Designated QNEC using the following method (Choose one of a., b., c. c., or d.): a. [ ] ¨ Pro rata. b. [ ] ¨ Flat dollar. c. [ ] ¨ Reverse. See Section 3.04(C)(3). d. [ ] ¨ Describe: . [Note: Any allocation method the Employer elects under Election 27(b)(3)d29(b)(3)d. must be definitely determinable. See Section 4.10(C4.10(D) as to targeting limitations applicable to QNEC nondiscrimination testing.]

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Knowles Corp)

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Allocation Method. The Plan Administrator will allocate a Plan-Designated QNEC using the following method (Choose a., b., c. or d.):, a. [ ] Pro rata. b. [ ] Flat dollar. c. [ ] Reverse. See Section 3.04(C)(3). d. [ ] Describe: . [Note: Any allocation method the Employer elects under Election 27(b)(3)d. must be definitely determinable. See Section 4.10(C) as to targeting limitations applicable to QNEC nondiscrimination testing.]

Appears in 1 contract

Samples: Adoption Agreement

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