Designated Plan Year. Instead of applying as of the second Plan Year, the automatic increase described in subsection (2)(ii), as applicable, takes effect as of the appropriate date (as designated under subsection (iii) below) within the Plan Year following the Plan Year in which the automatic deferral election first becomes effective with respect to a Participant.
Appears in 6 contracts
Samples: 403(b) Plan Adoption Agreement, 403(b) Plan Adoption Agreement, Volume Submitter Governmental 403(b) Plan Adoption Agreement
Designated Plan Year. Instead of applying as of the second Plan Year, the automatic increase described in subsection (2)(ii), as applicable, ) takes effect as of the appropriate date (as designated under subsection (iii) below) within the Plan Year following the Plan Year in which the automatic deferral election first becomes effective with respect to a Participant.
Appears in 1 contract
Samples: Nonstandardized Profit Sharing/401(k) Plan Adoption Agreement
Designated Plan Year. Instead of applying as of the second Plan Year, the automatic increase described in subsection (2)(ii), as applicable, 2) above takes effect as of the appropriate date (as designated under subsection (iii) below) within the Plan Year following the Plan Year in which the automatic deferral election first becomes effective with respect to a Participant.
Appears in 1 contract
Samples: Nonstandardized Profit Sharing/401(k) Plan Adoption Agreement
