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
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- xxxx 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
Employer Nonelective Contributions. (See Sections 2.3(d) and (e) of the BPD) [ ] CHECK THIS SELECTION AND COMPLETE THIS PART 4C TO ALLOW FOR EMPLOYER NONELECTIVE CONTRIBUTIONS. [NOTE: Do not check this selection if the only Employer Nonelective Contributions authorized under the Plan are Safe Harbor Nonelective Contributions. Instead, complete the applicable elections under Part 4E of this Agreement.] [ ] 20. EMPLOYER NONELECTIVE CONTRIBUTION (OTHER THAN QNECs): [ ] a. DISCRETIONARY. Discretionary with the Employer.
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.
(b) For any Plan Year in which the Plan does not satisfy one of the Average Actual Deferral Percentage tests of Article 5.2 or one of the Average Contribution Percentage tests of Article 5.6, the Employer shall be permitted, in its sole discretion by resolution duly adopted on or before the last day of the following Plan Year, to make Employer Nonelective Contributions which qualify as Qualified Nonelective Contributions (as defined is Article 5.1(m)) to the Plan on behalf of Eligible Employees who are Non-Highly Compensated Employees (as defined in Article 5.1(k)) for the Plan Year in an amount sufficient to enable the Plan to satisfy one of the Average Actual Deferral Percentage tests or one of the Average Contribution Percentage Tests for the Plan Year. Any such Qualified Nonelective Contributions for a Plan Year shall be allocated to the Employer Nonelective Contribution Accounts of Non-Highly Compensated Employees in the proportion that each such Employee's Compensation for the Plan Year bears to the total Compensation of all such Employees for the Plan Year. All Qualified Nonelective Contributions for a 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.
Employer Nonelective Contributions. If you are eligible to participate in Rollover Contributions. You may roll over contributions from other SIMPLE-IRAs which consist of cash, and the Custodian may, but shall not
