Limitation On Matching Contributions To Highly Compensated Employees. The Matching Contribution requirement will not be satisfied if, at any rate of Elective Deferrals or Xxxx Elective Deferrals, the rate of Matching Contributions that would apply with respect to any Highly Compensated Employee who is making Elective Deferrals or Xxxx 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 or Xxxx Elective Deferrals to the Plan and who has the same rate of Elective Deferrals or Xxxx Elective Deferrals.
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Samples: Defined Contribution Plan, Defined Contribution Plan, Defined Contribution Plan (1st Constitution Bancorp)
Limitation On Matching Contributions To Highly Compensated Employees. The Matching Contribution requirement will not be satisfied if, at any rate of Elective Deferrals or Xxxx Rxxx Elective Deferrals, the rate of Matching Contributions that would apply with respect to any Highly Compensated Employee who is making Elective Deferrals or Xxxx Rxxx 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 or Xxxx Rxxx Elective Deferrals to the Plan and who has the same rate of Elective Deferrals or Xxxx Rxxx Elective Deferrals.
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