Minimum Employer Contribution Under Top-Heavy Plans Sample Clauses

Minimum Employer Contribution Under Top-Heavy Plans. For any Plan Year during which the Plan is Top-Heavy, the sum of the contributions and forfeitures as allocated to eligible Employees under paragraphs 7(d), 7(e), 7(f), 7(g) and 9 of this Adoption Agreement shall not be less than the amount required under paragraph 14.2 of the Basic Plan document #04. Top-Heavy minimums will be allocated to: [x] (i) all eligible Participants.
Sample 1Sample 2Sample 3See All (23)
AutoNDA by SimpleDocs
Minimum Employer Contribution Under Top-Heavy Plans. For any Plan Year during which the Plan is Top-Heavy, the sum of the contributions and forfeitures as allocated to eligible Employees under sections 7(e), 7(f) and 9 of this Adoption Agreement shall not be less than the amount required under paragraph 14.2 of the Plan. Top-Heavy minimums will be allocated to: [X] (i) all eligible Participants. [ ] (ii) only eligible non-Key Employees who are Participants. 7.(i) Return of Excess Contributions and/or Excess Aggregate Contributions: In the event that one or more Highly-Compensated Employees is subject to both the ADP and ACP tests and the sum of such tests exceeds the Aggregate Limit, the limit will be satisfied by reducing the ADP and/or ACP of the affected Highly Compensated Employees.
Sample 1
Minimum Employer Contribution Under Top-Heavy Plans. For any Plan Year during which the Plan is Top-Heavy, the sum of the contributions and forfeitures allocated to non-Key Employees under paragraph (5) or (6) above shall not be less than the amount required under the Basic Plan Document #01. The eligibility of a Participant to receive Top-Heavy contributions mirrors the eligibility for any contribution with the earliest Entry Date. Top-Heavy minimums will be allocated to: [x]1.all eligible Participants. [ ]2.only eligible non-Key Employees who are Participants.
Sample 1
Minimum Employer Contribution Under Top-Heavy Plans. For any Plan Year during which the Plan is Top-Heavy, the sum of the contributions and forfeitures as allocated to eligible Employees under paragraphs 7(d), 7(e), 7(f), 7(g) and 9 of this Adoption Agreement shall not be less than the amount required under paragraph 14.2 of the Basic Plan Document #R1. Top-Heavy minimums will be allocated to: [X] (i) all eligible Participants. [_] (ii) only eligible non-Key Employees who are Participants. Regional Prototype Cash or Deferred Profit-Sharing Plan #012
Sample 1

Related to Minimum Employer Contribution Under Top-Heavy Plans

  • Employer Contributions If Employer contributions are permitted, complete (a) and/or (b). Otherwise complete (c).

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

  • Plan Year Any reference to “

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

  • Rollover Contributions An amount which qualifies as a rollover contribution pursuant to the Federal Internal Revenue Code may be transferred to and paid under this contract as a contribution for a Participant. Prudential may require proof that the amount paid so qualifies.

  • Employer Profit Sharing Contributions An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Profit Sharing Contribution made pursuant to Section 10 of the Adoption Agreement after completing ________ (enter 0, 1, 2 or any fraction less than 2)

  • PARTICIPANT NONDEDUCTIBLE CONTRIBUTIONS The Plan: (Choose (a) or (b); (c) is available only with (b)) [X] (a) Does not permit Participant nondeductible contributions. [ ] (b) Permits Participant nondeductible contributions, pursuant to Section 14.04 of the Plan.

  • Highly Compensated Employee The term Highly Compensated Employee includes highly compensated active employees and highly compensated former employees.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!