Description of the classifications Sample Clauses

Description of the classifications. The classifications are (Choose a., b. or c.): [Note: Typically, the Employer would select Election 26(d) where it intends to satisfy nondiscrimination requirements using “cross-testing” under Treas. Reg. §1.401(a)(4)-8. However, choosing this Election 26(d) does not necessarily require application of cross-testing and the Plan may be able to satisfy nondiscrimination as to its classification-based allocations by testing allocation rates. This allocation method does not result in a design based safe harbor allocation.] a. Each in Own Classification. Each Participant constitutes a separate classification. b. NHCEs/HCEs. Nonhighly Compensated Employee/Participants and Highly Compensated Employee/Participants. c. Describe the Classifications: (1) a. or applicable to each classification under Elections 26(d)(1)b. or c. for the allocation Plan Year.]
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Description of the classifications. The classifications are (select one of (1), (2), or (3)):
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Description of the classifications. [This is a nondesigned based safe harbor allocation method.] The classifications are (Choose one of a., b., or c.):
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Description of the classifications. The classifications are (Choose a. or b.): a. 🞎 Each in Own Classification. Each Participant constitutes a separate classification.
Sample 1
Description of the classifications. The classifications are (Choose a., b. or c.):
Sample 1
Description of the classifications. [This is a nondesigned based safe harbor allocation method.] The classifications are [Note: Typically, the Employer would elect 28(d) where it intends to satisfy nondiscrimination requirements using "cross--testing" under Treas. Reg. §1.401(a)(4)-8. However, choosing this election does not necessarily require application of cross-testing and the Plan may be able to satisfy nondiscrimination as to its classification-based allocations by testing allocation rates.] (1) Description of classifications. The classifications are (Choose one of a., b. or c.): a. [ ] Each in own classification. Each Participant constitutes a separate classification. b. [ ] NHCEs/HCEs. Nonhighly Compensated Employee/Participants and Highly Compensated Employee/Participants. c. [ ] Describe the classifications:
Sample 1

Related to Description of the classifications

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  • DESCRIPTION OF OTHER RIGHTS AND LIMITATIONS (a) Maintenance of Copyright Notices.

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