EMPLOYER CONTRIBUTIONS AND FORFEITURES. Part 1. Amount of Employer Contributions and Plan Allocations: Sections 3.01 through 3.06
3.01 AMOUNT. For each Plan Year, the Employer contributes to the Trust the amount determined by application of the contribution option selected by the Employer in its Adoption Agreement. The Employer may not make a contribution to the Trust for any Plan Year to the extent the contribution would exceed the Participants' Maximum Permissible Amounts. The Employer contributes to this Plan on the condition its contribution is not due to a mistake of fact and the Revenue Service will not disallow the deduction for its contribution. The Trustee, upon written request from the Employer, must return to the Employer the amount of the Employer's contribution made by the Employer by mistake of fact or the amount of the Employer's contribution disallowed as a deduction under Code ss.404. The Trustee will not return any portion of the Employer's contribution under the provisions of this paragraph more than one year after:
(a) The Employer made the contribution by mistake of fact; or
(b) The disallowance of the contribution as a deduction, and then, only to the extent of the disallowance. The Trustee will not increase the amount of the Employer contribution returnable under this Section 3.01 for any earnings attributable to the contribution, but the Trustee will decrease the Employer contribution returnable for any losses attributable to it. The Trustee may require the Employer to furnish it whatever evidence the Trustee deems necessary to enable the Trustee to confirm the amount the Employer has requested be returned is properly returnable under ERISA.
EMPLOYER CONTRIBUTIONS AND FORFEITURES. Part 1. Amount of Employer Contributions and Plan Allocations: Sections 3.01 through 3.06
EMPLOYER CONTRIBUTIONS AND FORFEITURES. PART 1. AMOUNT OF EMPLOYER CONTRIBUTIONS AND PLAN ALLOCATIONS: SECTIONS 3.01 THROUGH 3.06
3.01 AMOUNT.
EMPLOYER CONTRIBUTIONS AND FORFEITURES. 14 3.01 AMOUNT............................................ 14 3.02
EMPLOYER CONTRIBUTIONS AND FORFEITURES. 3.01 AMOUNT. For each Plan Year, DST will contribute to the Trust an amount which DST may from time to time deem advisable. DST (or the Advisory Committee on behalf of DST) shall determine the extent to which such contributions are directed to the Separate Trust or the Master Trust. DST may not make a contribution to the Trust for any Plan Year to the extent the contribution would exceed the Participants' in the Plan "Maximum Permissible Amounts". DST contributes to this Plan on the condition its contribution is not due to a mistake of fact and the Internal Revenue Service will not disallow the deduction for its contribution. The Trustee, upon written request from DST, must return to DST the amount of DST's contribution made by DST by mistake of fact or the amount of DST's contribution disallowed as a deduction under Code ss.404. The Trustee will not return any portion of DST's contribution under the provisions of this paragraph more than one year after:
(a) DST made the contribution by mistake of fact; or
(b) The disallowance of the contribution as a deduction, and then, only to the extent of the disallowance. The Trustee will not increase the amount of DST's contribution returnable under this Section 3.01 for any earnings attributable to the contribution, but the Trustee will decrease DST's contribution returnable for any losses attributable to it. The Trustee may require DST to furnish it whatever evidence the Trustee deems necessary to enable the Trustee to confirm the amount DST has requested be returned is properly returnable under ERISA. DST may make its contribution in cash or in Employer Securities as DST from time to time may determine. DST may make its contribution of Employer Securities at fair market value determined at the time of contribution.
EMPLOYER CONTRIBUTIONS AND FORFEITURES. Amount - The employer must select a definite contribution formula under a money purchase pension plan. Option
(a) is a nonintegrated formula, options (b) and (c) are integrated formulas.
(a) allows the employer to choose a fixed amount for the contribution regardless of compensation.
(b) applies the first percentage to a participant's total compensation.
EMPLOYER CONTRIBUTIONS AND FORFEITURES. In the event that Employer Contributions are invested in Employer Securities, as specified in the Adoption Agreement, a Participant may elect, in accordance with procedures established by the Plan Administrator, to transfer (and the Adoption Agreement shall specify if such transfer is irrevocable) a percentage of the amounts in his Employer Contributions that are invested in Employer Securities pursuant to the restrictions identified in the Adoption Agreement.
EMPLOYER CONTRIBUTIONS AND FORFEITURES. (16) ------------------------------------------------------------------------------- -------------------------------------------------------------------------------
A. REQUIRED MATCHING CONTRIBUTIONS. Will Employer required matching contributions be allowed? X No ----- Yes (check only one and complete): ----- FIXED MATCH WITH % LIMIT. An amount equal to _____ % of ----- each Participant's retirement savings contributions, ignoring, however, retirement savings contributions in excess of _____ % of the Participant's Recognized Compensation.
EMPLOYER CONTRIBUTIONS AND FORFEITURES. 3.01 AMOUNT.
PART I. [OPTIONS (a) THROUGH (g)]
EMPLOYER CONTRIBUTIONS AND FORFEITURES. 3.01 AMOUNT. ------
PART 1. [OPTIONS (A) THROUGH (G)] AMOUNT OF EMPLOYER'S CONTRIBUTION. The Employer's annual contribution to the Trust will equal the total amount of deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions, as determined under this Section 3.01. (Choose any combination of (a), (b), (c) and (d), or choose (e)) [X] (a) DEFERRAL CONTRIBUTIONS (CODE (S)401(K) ARRANGEMENT). The Employer must contribute the amount by which the Participants have reduced their Compensation for the Plan Year, pursuant to their salary reduction agreements on file with the Advisory Committee. A reference in the Plan to salary reduction contributions is a reference to these amounts.
