Common use of Enhanced Matching Contribution Clause in Contracts

Enhanced Matching Contribution. The Employer will make matching contributions to the account of each "eligible Participant" in an amount equal to the sum of: a. [ ] % (may not be less than 100%) of the Participant's Elective Deferrals that do not exceed b. [ ] % of the Participant's Elective Deferrals that exceed % of the Participant's Compensation but do not exceed % (if over 6% or if left blank, the ACP test will still apply) of the Participant's Compensation.

Appears in 4 contracts

Samples: Adoption Agreement, Adoption Agreement, Adoption Agreement

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