Contributions Made Promptly. Elective Deferrals under the Plan shall be transferred to the applicable Funding Vehicle within 15 business days following the end of the month in which the amount would otherwise have been paid to the Participant.
Appears in 4 contracts
Samples: 403(b) Plan Adoption Agreement, 403(b) Plan Adoption Agreement, 403(b) Retirement Plan Document
Contributions Made Promptly. Elective Deferrals under the Plan shall be transferred to the applicable Funding Vehicle within 15 business days following the end of the month in which the amount would otherwise have been paid to the Participant, unless an earlier date is required by applicable state law. Employer contributions shall be transferred to the applicable Funding Vehicle within a reasonable period of time but in no event later than thirty (30) days after the end of the Employer’s regular work year for which such contributions were owed.
Appears in 3 contracts
Samples: Adoption Agreement, Adoption Agreement for 403(b) Plan, Adoption Agreement for 403(b) Plan
Contributions Made Promptly. Elective Deferrals under the Plan shall be transferred to the applicable Funding Vehicle within a period that is not longer than is reasonable for the proper administration of the Plan, but in any event within 15 business days following the end of the month in which the amount would otherwise have been paid to the Participant.
Appears in 1 contract
Samples: 403(b) Plan
