Employer Nonelective Contributions. The Employer Nonelective Contribution provisions under Questions 30. and 31. are effective: .
Employer Nonelective Contributions. If so elected under Part 4C of the Agreement, the Employer may make Employer Nonelective Contributions on behalf of each Eligible Participant under the Plan who has satisfied the allocation conditions described in Part 4C, #24 of the Agreement. See Section 2.6. The Employer must designate under Part 4C, #20 of the Agreement the amount of any Employer Nonelective Contributions it wishes to make under the Plan. The amount of any Employer Nonelective Contributions authorized under the Plan and the method of allocating such contributions is described in Section 2.2 of this Article.
Employer Nonelective Contributions. Employer Nonelective Contributions are contributions made by the Employer on behalf of Eligible Participants under the 401(k) Plan, as designated under Part 4C of the 401(k) Agreement. Employer Nonelective Contributions also include any QNECs the Employer makes pursuant to Part 4C, #22 of the 401(k) Agreement and any Safe Harbor Nonelective Contributions the Employer makes pursuant to Part 4E of the 401(k) Agreement. See Section 2.3(d).
Employer Nonelective Contributions. Instead of making a matching contribution, an Employer may make a nonelective contribution equal to 2% of each Eligible Employee’s Compensation, without regard to whether the Employee was making salary reduction contributions for the applicable calendar year. The Compensation that is taken into account for this 2% nonelective contribution is limited to $200,000, and may be adjusted by the IRS for cost of living increases in accordance with Section 401(a)(17) of the Code. Eligible employees must be notified by the Employer that a 2% nonelective contribution will be made instead of a matching contribution within a reasonable period of time before the Election Period. The Custodian shall not be responsible for determining the amount of any nonelective contribution made on behalf of the Depositor, nor shall the Custodian be responsible to recommend or compel any Employer contributions to the Account. The disposition of excess nonelective contributions will be made in accordance with instructions from the Depositor (or the Depositor’s Authorized Agent, or, following the death of the Depositor, the Beneficiary) or the Depositor’s Employer, as the case may be, to the Custodian in a form and manner acceptable to it.
Employer Nonelective Contributions. Instead of making a matching contribution, an Employer may make a nonelective contribution equal to 2% of each eligible employee’s compensation, without regard to whether the employee was making salary reduction contributions for the applicable calendar year. The compensation that is taken into account for this 2% non- elective contribution is limited to $200,000, as may be adjusted by the IRS for cost of living increases in accordance with Section 401(a)(17) of the Code. Eligible employees must be notified by the Employer that a 2% non- elective contribution will be made instead of a matching contribution within a reasonable period of time before the Election Period. The Custodian shall not be responsible for determining the amount of any nonelective contribu- tion made on behalf of the Depositor, nor shall the Custodian be responsible to recommend or compel any Employer contributions to the Account. The disposition of excess nonelective contributions will be made in accordance with instructions from the Depositor (or the Depositor’s Authorized Agent, or, after the death of the Depositor, the Beneficiary) or the Depositor’s Employer, as the case may be, to the Custodian in a form and manner acceptable to it.
Employer Nonelective Contributions. If you are eligible to participate in your Employer’s SIMPLE Plan, your Employer may make a nonelective con- tribution for equal to 2% of your compensation, without regard to whether you elected to make salary reduction contributions for the applicable calendar year. This contribution would be made instead of any matching contribution by your Employer. Your Employer must notify you that a 2% nonelective contribution will be made instead of a matching contribution within a reasonable period of time before the Election Period for the appli- cable Plan Year. Rollover Contributions. You may roll over contributions from other SIMPLE-IRAs which consist of cash, and the Custodian may, but shall not be obligated to, accept all or any part of any other rollover contribution from a SIMPLE-XXX to your Fidelity SIMPLE-XXX. You must designate each pro- posed rollover contribution as such to the Custodian, and such contribution must qualify as a rollover contribution within the meaning of Section 408(d)
Employer Nonelective Contributions. If you are eligible to participate in your Employer’s SIMPLE Plan, your Employer may make a nonelective contribution for equal to 2% of your compensation, without regard to whether you elected to make salary reduction contributions for the applicable calendar year. This contribution would be made instead of any matching contribution by your Employer. Your Employer must notify you that a 2% nonelective contribution will be made instead of a matching contribution within a reasonable period of time before the Election Period for the applicable Plan Year. Rollover Contributions. You may roll over contributions from other SIMPLE- IRAs which consist of cash, and the Custodian may, but shall not be obligated to, accept all or any part of any other rollover contribution from a SIMPLE-XXX to your Fidelity SIMPLE-XXX. You must designate each proposed rollover contribution as such to the Custodian, and such contribution must qualify as a rollover contribution within the meaning of Section 408(d)(3) of the Code. After the Two Year Period, you may roll over distributions from your Account to another SIMPLE-XXX, XXX (other than a SIMPLE-XXX), or to certain employer-sponsored retirement plans that accept such rollovers. You are strongly encouraged to seek tax advice regarding all rollover contributions.
Employer Nonelective Contributions. Employer Nonelective Contributions are contributions made by the Employer on behalf of Eligible Participants under the profit sharing plan or the 401(k) plan, as designated under Part 4C of the Profit Sharing/401(k) Agreement. Employer Nonelective Contributions also include any QNECs the Employer makes pursuant to Part 4C, #22 of the Profit Sharing/401(k) Agreement and any Safe Harbor Nonelective Contributions the Employer makes pursuant to Part 4E of the Profit Sharing/401(k) Agreement. See Section 2.3(d).
Employer Nonelective Contributions. (a) If so designated by the Employer in the Adoption Agreement, the Employer shall make Employer Nonelective Contributions to the Plan for each Plan Year in an amount determined under the provisions of the Adoption Agreement, subject to the limitations of Article 11. All Employer Nonelective Contributions for any Plan Year shall be made to the Trust no later than the end of the 12-month period immediately following the close of the Plan Year.
Employer Nonelective Contributions. The Employer shall make such nonelective contributions to the Trust for a Plan Year, in such amounts as permitted under the Code, as the Employer, in its discretion, shall determine. Although the Plan is designed to qualify as a profit sharing plan for purposes of Code Section 401(a), 402, 412 and 417, for Plan Years commencing after December 31, 1985, Nonelective Contributions may be made without regard to current or accumulated earnings and profits for the taxable year. This provision shall not be construed as requiring the Employer to make Nonelective Contributions in respect of any specific Plan Year. Employer Nonelective Contributions shall be subject to a vesting schedule as specified in the Adoption Agreement, and, in any event, shall be fully vested at Normal Retirement Age under the Plan, upon termination of the Plan or upon complete discontinuance of Employer contributions.
