Matching Employer Contribution. Select the Matching Contribution Formula, Computation Period and special Limitations as well as QNEC and QMAC requirements for each contribution type from the options listed below. Enter the letter of the option(s) selected on the lines provided. Leave the line blank if no election is required. Elective Deferrals Voluntary After-tax Required After-tax 403(b) Deferrals If any election is made with respect to "403(b) Deferrals" above, and this Plan is used to fund any Employer Contributions, Employer Contributions will be based on the Elective Deferrals made to an existing 403(b) plan sponsored by the Employer. Name of corresponding 403(b) plan:_________________________________________________________
1. Matching Contribution Formulas:
Matching Employer Contribution. Do not complete this section of the Adoption Agreement if the Plan only offers a Safe Harbor Contribution. A Plan that offers both a Safe Harbor Contribution as well as an additional Employer Contribution that is specified below, must complete both Sections VI(I) and VI(J) of this Adoption Agreement. Type of Contribution Matching Contribution (Formula 1) Matching Computation Period Limitations Matching Contribution (Formula 2) Matching Computation Period Limitations If the Matching Contribution formula selected by the Employer is 100% vested and may not be distributed to the Participant before the earlier of the date the Participant has a severance from employment, retires, becomes disabled, attains 59½, or dies, it may be treated as a Qualified Matching Contribution. Matching Contribution Formulas may be subject to a minimum or maximum dollar or percentage limit.
Matching Employer Contribution. Do not complete this section of the Adoption Agreement if the Plan only offers a Safe Harbor Contribution. A Plan that offers both a Safe Harbor Contribution as well as an additional Employer Contribution that is specified below, must complete both Sections VI(I) and VI(J) of this Adoption Agreement. Matching Contribution Formulas may be subject to a minimum or maximum dollar or percentage limit.
Matching Employer Contribution. Do not complete this section of the Adoption Agreement if the Plan only offers a Safe Harbor Contribution. A Plan that offers both a Safe Harbor Contribution as well as an additional Employer Contribution that is specified below, must complete both Sections Vl(l) and VI(J) of this Adoption Agreement. Select the Matching Contribution Formula, Computation Period and special Limitations for each contribution type from the options listed below. Enter the letter of the option(s) selected on the lines provided. Leave the line blank if no election is required. [ ] The Matching Contribution(s) selected below will be deemed an additional discretionary ACP Test Safe Harbor Matching Contribution in accordance with the selection made at Section Vl(l). The allocation of any additional Matching Contribution made by the Employer will not exceed 4% of eligible Compensation. [ ] The Matching Contribution(s) selected below will be deemed a discretionary contribution that will be subject to nondiscrimination testing. Elective Deferrals (including Xxxx Elective Deferrals, if applicable) a a c h Voluntary After-tax Required After-tax 403(b) Deferrals If any election is made with respect to "403(b) Deferrals" above, and if this Plan is used to fund any Employer Contributions, Employer Contributions will be based on the Elective Deferrals made to an existing 403(b) plan sponsored by the Employer. Name of corresponding 403(b) plan, as applicable: If the Matching Contribution formula selected by the Employer is 100% vested and may not be distributed to the Participant before the earlier of the date the Participant has a severance from employment, retires, becomes disabled, attains 591/2, or dies, it may be treated as a Qualified Matching Contribution.
Matching Employer Contribution. Select the Matching Contribution Formula, Computation Period and special Limitations for each contribution type from the options listed below. Enter the letter of the option(s) selected on the lines provided. Leave the line blank if no election is required. NON-SAFE NON-SAFE HARBOR MATCHING HARBOR MATCHING TYPE OF MATCHING COMPUTATION MATCHING COMPUTATION CONTRIBUTION FORMULA 1 PERIOD LIMITATIONS FORMULA 2 PERIOD LIMITATIONS ------------------------------------------------------------------------------------------------------------ Elective c g Deferrals ------------------------------------------------------------------------------------------------------------ Voluntary After-tax ------------------------------------------------------------------------------------------------------------ Required After-tax ------------------------------------------------------------------------------------------------------------ 403(b) Deferrals If any election is made with respect to "403(b) Deferrals" above, and if this Plan is used to fund any Employer Contributions, Employer Contributions will be based on the Elective Deferrals made to an existing 403(b) plan sponsored by the Employer. Name of corresponding 403(b) plan:__________________________
1. MATCHING CONTRIBUTION FORMULAS: ELECTIVE DEFERRAL MATCHING CONTRIBUTION FORMULAS:
Matching Employer Contribution. Select the Matching Contribution Formula, Computation Period and special Limitations as well as QNEC and QMAC requirements for each contribution type from the options listed below. Enter the letter of the option(s) selected on the lines provided. Leave the line blank if no election is required. Non-Safe Matching Non-Safe Matching Harbor Comput- Harbor Comput- Type of Matching ation Limit- Matching ation Limit- Contribution Formula 1 Period ations Formula 2 Period ations ------------ --------- ------ ------ --------- ------ ------ Elective Deferrals Voluntary After-tax Required After-tax 403(b) Deferrals If any election is made with respect to "403(b) Deferrals" above, and this Plan is used to fund any Employer Contributions, Employer Contributions will be based on the Elective Deferrals made to an existing 403(b) plan sponsored by the Employer. Name of corresponding 403(b) plan: _______________________________
1. MATCHING CONTRIBUTION FORMULAS: ELECTIVE DEFERRAL MATCHING CONTRIBUTION FORMULAS: ------------------------------------------------
Matching Employer Contribution. Do not complete this section of the Adoption Agreement if the Plan only offers a Safe Harbor Contribution. A Plan that offers both a Safe Harbor Contribution as well as an additional Employer Contribution that is specified below, must complete both Sections VI(I) and VI(J) of this Adoption Agreement. Type of Contribution Matching Contribution (Formula 1) Matching Computation Period Limitations Matching Contribution (Formula 2) Matching Computation Period Limitations Matching Contribution Formulas may be subject to a minimum or maximum dollar or percentage limit.
1. Matching Contribution Formulas:
Matching Employer Contribution. Do not complete this section of the Adoption Agreement if the Plan only offers a Safe Harbor Contribution. A Plan that offers both a Safe Harbor Contribution as well as an additional Employer Contribution that is specified below, must complete both Sections VI(I) and VI(J) of this Adoption Agreement. Type of Contribution Matching Contribution (Formula 1) Matching Computation Period Limitations Matching Contribution (Formula 2) Matching Computation Period Limitations If the Matching Contribution formula selected by the Employer is 100% vested and may not be distributed to the Participant before the earlier of the date the Participant has a severance from employment, retires, becomes disabled, attains 59½, or dies, it may be treated as a Qualified Matching Contribution. Matching Contribution Formulas may be subject to a minimum or maximum dollar or percentage limit.
1. Matching Contribution Formulas: Matching Contribution Formulas for Elective Deferrals and Xxxx 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 Employer Contribution. Do not complete this section of the Adoption Agreement if the Plan only offers a Safe Harbor Contribution. A Plan that offers both a Safe Harbor Contribution as well as an additional Employer Contribution that is specified below, must complete both Sections VI(I) and VI(J) of this Adoption Agreement. If the Matching Contribution formula selected by the Employer is 100% vested and may not be distributed to the Participant before the earlier of the date the Participant has a severance from employment, retires, becomes disabled, attains 59½, or dies, it may be treated as a Qualified Matching Contribution. Matching Contribution Formulas may be subject to a minimum or maximum dollar or percentage limit.
Matching Employer Contribution. Select the Matching Contribution Formula, Computation Period and special Limitations for each contribution type from the options listed below. Enter the letter of the option(s) selected on the lines provided. Leave the line blank if no election is required.
