Matching Contribution Formulas Clause Samples

Matching Contribution Formulas. Matching Contribution Formulas for Elective Deferrals and ▇▇▇▇ Elective Deferrals: a. Percentage of Deferral Match: The Employer shall contribute to each eligible Participant’s account an amount equal to 50% (no more than 500%) of the Participant’s Elective Deferrals up to a maximum of 6% (no more than the Annual Addition limit for the Plan Year) of Compensation or $________ [no more than the Annual Addition limit for the Plan Year].

Matching Contribution Formulas. Percentage of Deferral Match: The Employer shall contribute to each eligible Participant's account an amount equal to ________% of the Participant's 403(b) Deferrals up to a maximum of ________% or $__________ of Compensation.