Limitation On Matching Contributions To Highly Compensated Employees. The Matching Contribution requirement will not be satisfied if, at any rate of Elective Deferrals, the rate of Matching Contributions that would apply with respect to any Highly Compensated Employee who is making Elective Deferrals under the Plan is greater than the rate of Matching Contributions that would apply with respect to any Non-Highly Compensated Employee who is making Elective Deferrals to the Plan and who has the same rate of Elective Deferrals.
Appears in 11 contracts
Samples: Defined Contribution Plan (Georgetown Bancorp, Inc.), Defined Contribution Plan (Chicopee Bancorp, Inc.), Defined Contribution Plan (United Community Bancorp)
