Common use of Limitations on Safe Harbor Matching Contributions Clause in Contracts

Limitations on Safe Harbor Matching Contributions. If a Safe Harbor Matching Contribution is made to the Plan: 1. The Employer will annualize Safe Harbor Matching Contributions. 2. The Employer will not annualize Safe Harbor Matching Contributions and elects to match actual Elective Deferrals made: a. on a payroll basis. b. on a monthly basis. c. on a Plan Year quarterly basis. If no election is made, the payroll period method will be used. If one of the Matching Contribution calculation periods at Section VII(F)(2) above is selected, Matching Contributions must be deposited to the Plan, not later than the last day of the calendar quarter next following the quarter following to which they relate.

Limitations on Safe Harbor Matching Contributions. If a Safe Harbor Matching Contribution is made to the Plan: ( )1. The Employer will annualize the Safe Harbor Matching Contributions. ( )2. The Employer will not annualize the Safe Harbor Matching Contributions and elects to match actual Elective Deferrals made: ( )a. on a payroll basis. . ( )b. on a monthly basis. . ( )c. on a Plan Year quarterly basis. If no election is made, the payroll period method will be used. If one of the Matching Contribution calculation periods at Section VII(F)(2VII(G)(2) above is selected, Matching Contributions must be deposited to the Plan, not later than the last day of the calendar quarter next following the quarter following to which they relate.

Limitations on Safe Harbor Matching Contributions. If a Safe Harbor Matching Contribution is made to the Plan: o 1. The Employer will annualize Safe Harbor Matching Contributions. o 2. The Employer will not annualize Safe Harbor Matching Contributions and elects to match actual Elective Deferrals made: o a. on a payroll basisbasis [Plan defaults to this election]. o b. on a monthly basis. o c. on a Plan Year quarterly basis. If no election is made, the payroll period method will be used. If one of the Matching Contribution calculation periods at Section VII(F)(2VII(G)(2) above is selected, Matching Contributions must be deposited to the Plan, Plan not later than the last day of the calendar quarter next following the quarter following to which they relate. o 3. The Employer will only contribute the Safe Harbor Contribution to Non-Highly Compensated Employees.