Describe Affected Participants Clause Samples

Describe Affected Participants. [Note: The Employer in Election 20(b)(1)c. may further describe affected Participants by group name or description, e.g., non-collectively bargained (union) Employees OR Campus A Employees, subject to the Vendor’s operational capabilities. The group of Participants must be definitely determinable and if an EACA under Election 19, must be uniform.] (2) Automatic Increase Amount. (Choose a. or b.): a. 🞎 Automatic Increase. The Participant’s Elective Deferrals will increase by % per year up to a maximum of % of Compensation.

Describe Affected Participants. [Note: The Employer in Election 19(b)(2)e. may further describe affected Participants by group name or description, e.g., non-collectively bargained (union) Employees OR Campus A Employees, subject to the Vendor’s operational capabilities. All Employees eligible to defer must be Covered Employees to apply the 6-month correction period without excise tax under Code §4979. The Plan Administrator may direct the Vendor (subject to its operational capabilities): regarding whether to treat a Salary Reduction Agreement of zero as an effective Salary Reduction Agreement; with respect to the treatment of rehires for purposes of Automatic Deferral Arrangements; with respect to periodic re-enrollments (for example, “Starting on the day of (month) and every years, active Participants who have elected a deferral rate of zero percent shall be automatically enrolled [unless they have elected such zero deferral rate within the last months preceding the re-enrollment date]”); and similar operational choices.) Such directions will be considered administrative documentation.]

Describe Affected Participants. [Note: The Employer in Election 34(b)(1)c. may further describe affected Participants, e.g.