Allocation of Deferrals. The Employer shall contribute and allocate to each Participant's Elective Deferral Account an amount equal to the amount of a Participant's Elective Deferrals.
Allocation of Deferrals. $ ________ or ________ % TIAA CREF Regular Annuity Contract (RA) $ ________ or ________ % TIAA CREF Supplemental Retirement Annuity SRA) $ ________ or ________ % Fidelity Investment Funds $ ________ or ________ % X. Xxxx Price $ ________ or ________ % Vanguard Group = 100% Acknowledgement, authorization, and signature ACKNOWLEDGEMENT: I have received and read the Summary Plan Description(s) of this/these plan(s) and understand that my election to defer and have contributions made to the plan(s) are subject to the terms and provisions of the plan(s).
Allocation of Deferrals. The Employer shall contribute and allocate to each Participant's Elective Deferral account an amount equal to the amount of a Participant's Elective Deferrals. (B) Elective Deferrals Pursuant to a Salary Reduction Agreement. To the extent provided in the CODA adoption agreement, a Participant may elect to have Elective Deferrals made under this plan. Elective Deferrals shall include both single-sum and continuing contributions made pursuant to a salary reduction agreement. A Participant shall designate the amount and frequency of his or her Elective Deferrals in the form and manner specified by the Plan Administrator. (1)
Allocation of Deferrals. The Administrator will allocate the amount you elect to defer to an account maintained on your behalf. You will always be 100% vested in this account (see the Article in this SPD entitled "Vesting"). This means that you will always be entitled to all amounts that you defer. This money will, however, be affected by any investment gains or losses. If there is an investment gain, then the balance in your account will increase. If there is an investment loss, then the balance in your account will decrease. Distribution of deferrals. The rules regarding distributions of amounts attributable to your salary deferrals are explained later in this SPD. What are "rollover" contributions? Rollover contributions. At the discretion of the Administrator, if you are a Participant who is currently employed or an Eligible Employee, you may be permitted to deposit into the Plan distributions you have received from other retirement plans and certain IRAs. Such a deposit is called a "rollover" contribution and may result in tax savings to you. You may ask the Administrator or Trustee of the other plan or IRA to directly transfer (a "direct rollover") to this Plan all or a portion of any amount that you are entitled to receive as a distribution from such plan. Alternatively, you may elect to deposit any amount eligible to be rolled over within 60 days of your receipt of the distribution. You should consult qualified counsel to determine if a rollover is in your best interest. Rollover account. Your "rollover" contribution will be accounted for in a "rollover account." You will always be 100% vested in your "rollover account" (see the Article in this SPD entitled "Vesting"). This means that you will always be entitled to all amounts in your "rollover account." Rollover contributions will be affected by any investment gains or losses. Withdrawal of "rollover" contributions. You may withdraw the amounts in your "rollover account" at any time.
Allocation of Deferrals. I understand that Xxx will contribute 2% of my compensation if I contribute 0% up to 2%. Xxx will match any contribution over 2% up to the first 5% of my Compensation. I further understand that the first 5% I defer will be contributed to the Defined Contribution Retirement Plan, and that deferrals above 5% annually will be contributed to the Tax Deferred Annuity Plan. Check One: TIAA-CREF Church of God BENEFITS BOARD This agreement applies to total compensation excluding irregular amounts or stipends with the exception of overload and summer school pay. Duty to review pay records. I understand I have a duty to review my pay records (pay stub, etc.) to confirm the Employer properly has implemented my salary reduction election. Furthermore, I have a duty to inform the Plan Administrator if I discover any discrepancy between my pay records and this Salary Reduction Agreement. I understand the Plan Administrator will treat my failure to report any withholding errors for any payroll to which my Salary Reduction Agreement applies, by the cut-off date for the next following payroll, as my affirmative election to defer the amount actually withheld (including zero). However, I thereafter may modify my deferral election prospectively, consistent with the Plan terms. Signature of Employee Date Signature of Representative of Plan Administrator Date I waive the offer to participate in the Xxx University Defined Contribution Plan . I understand I may be able to participate at a later time as long as I continue my employment with Xxx University and maintain eligibility for participation in the plan. Signature of Employee Date Signature of Representative of Plan Administrator Date PLEASE RETURN THIS FORM TO THE PLAN ADMINISTRATOR
