Contribution Processing. Fidelity shall provide contribution processing services as provided in Article I and as outlined in this Appendix C. Contributions are subject to the terms and conditions contained herein.
1. The Employer shall be responsible for calculating and effecting Participant and Employer contributions to the Plan and transmitting such contributions and associated contribution data to Fidelity within legal time limits.
2. The Employer must consolidate all contribution data for multiple payroll cycles and/or multiple sites into one transmission. Contribution data shall be received by Fidelity via Plan Sponsor Webstation (“PSW”), or other medium permitted by Fidelity, in the manner specified. The Employer’s computer system must meet certain minimum specifications to enable this service.
3. Following the receipt of contribution data in good order (as determined by Fidelity), Fidelity shall, through Automated Clearing House (“ACH”), request an electronic funds transfer from the account the Employer has specified in the Service Setup Form. Contributions received in good order will be credited to Participants’ accounts on the business day they are received, if received prior to the close of the New York Stock Exchange’s business day.
4. Notwithstanding section 3 contained herein, Fidelity may allow the Employer to wire transfer contributions according to instructions provided by Fidelity conditioned that the contribution data is reviewed by a Fidelity representative prior to the initiation of the transfer. Fidelity reserves the right to require Employers to wire transfer all contributions if an ACH transfer is rejected. Unsolicited or improperly formatted transfers may not be invested until properly identified and reconciled.
5. In the event that Fidelity, or any of its affiliates, provides tools or services to assist the Employer with the calculation of the Matching Employer and/or Employer Contributions, Fidelity does not represent, warrant, guarantee or certify that such calculations are accurate. The Employer agrees that Fidelity has no responsibility for any such calculations.
Contribution Processing. Ascensus Trust will deposit the checks received from the Company within two (2) business days of receipt. In the event a Company's deposit is returned for insufficient funds, Ascensus Trust will notify the Company and an additional processing fee, in addition to a returned check fee, may be assessed by Ascensus Trust. All Company deposits will remain invested as specified in the Trust Agreement(s) until investment instructions are received from the Company. Within two (2) business days of receipt of the investment instructions, Ascensus Trust will transmit the deposit to the designated investment. If the funds required for compliance with the Company's investment instructions exceed the available Trust funds, the Company will be notified and Ascensus Trust will not invest any portion of the funds until revised instructions are received. Ascensus Trust will retain no portion of the earnings on funds held prior to transmittal to a designated investment. If funds are received from an employer who has not executed a Trust Agreement, Ascensus Trust will immediately notify such employer. Investment allocation purchases for such Company or employer will be "on hold" until an executed Trust Agreement is received by Ascensus Trust. Upon receipt of the Trust Agreement, the funds on hold will be invested, as described above.
Contribution Processing a. Benefitfocus will post notional (non-cash) contributions per standard processes outlined in the Design Guide, and as agreed upon with the Client, which include file based and assumed contribution posting.
b. Client agrees to submit contribution data to Benefitfocus before each applicable payroll date. Data will be submitted in appropriate Benefitfocus format, or for an additional fee, Benefitfocus can provide data transformation services to ensure data is in needed format for processing.
c. The Participant’s allocations will be available to the Participant for payment, reimbursement, and, if available, Card use per contribution schedule outlined in the Design Guide.
Contribution Processing a. Receive and Transmit Contributions: Benefitfocus will receive and transfer via wire or ACH to the Custodial Bank as soon as administratively feasible consistent with the standards set forth by the Department of Labor in 29 C.F.R. Sec. 2510.3-102, payroll deduction and Client contributions, and individual contributions, if any, from third parties.
Contribution Processing. Fidelity shall provide contribution processing services as outlined in this Appendix C and subject to the terms and conditions contained herein.
Contribution Processing. The Custodian will deposit all contributions (including transfers of assets) promptly after the receipt thereof. All contributions to the Account are initially allocated to the Cash Account and will be held at the direction of the Account Owner pursuant to direction made in such form and manner as is acceptable to the Custodian and HSA Administrator. Amounts will be held in the Cash Account until the Account Owner directs either (i) a distribution of the amount from the Account or (ii) a transfer of the amount to the Investment Account. Contributions will be available for distribution in accordance with the Custodian’s and HSA Administrator’s policies and procedures and applicable law. The Custodian may delay funds availability on Large Deposits. If the funding for a contribution is denied by the paying entity, the Custodian may accept the denial without question and charge the item back against the Account without advance notice to the Account Owner. The Account Owner may be charged a fee for each returned item.
Contribution Processing. Prudential processes the investment of Plan contributions when the information is supplied in good order. Prudential deposits those contributions into the investments provided for under the Pan, in accordance with the allocation instructions received from the Employer or Plan participants (if the Plan provides that participants may direct the investment of contributions made on their behalf). Prudential will supply automated contribution software free of charge to Employers who request it. This software should enable contributions to be processed more efficiently and will help the Employer avoid Data Submission charges described in Exhibit D.
Contribution Processing. Prudential processes the investment of Plan contributions when the information is supplied in good order. Prudential deposits those contributions into the investments provided for under the Pan, in accordance with the allocation instructions received from the Employer or Plan participants (if the Plan provides that participants may direct the investment of contributions made on their behalf). Prudential will supply automated contribution software free of charge to Employers with 10 or more employees who request it. This software should enable contributions to be processed more efficiently and will help the Employer avoid Data Submission charges described in Exhibit C. -------------------------------------------------------------------------------- 401(k) Administrative Services Agreement A-30 Initials of Authorized Employer Representative/Date: _____/_____ Initials of Authorized Employer Representative/Date: _____/_____
Contribution Processing. REMINDER: You must attach a voided check or provide bank information to avoid a delay establishing your SIMPLE IRA plan.
Contribution Processing. REMINDER: You must attach a voided check or provide bank information to avoid a delay establishing your SIMPLE IRA plan. 4. Signature(s) and Date(s) Form cannot be processed without signature(s) and date(s). SIGN NOTARIZATION 1 SIGN
