Common use of Non-Elective Contributions Clause in Contracts

Non-Elective Contributions. In lieu of Employer Matching Contributions, the Employer shall make a contribution of 2% of Compensation (Compensation not to exceed the limits described in Section 401(a)(17) of the Code, as adjusted by the Secretary of the Treasury for increases in the cost of living in accordance with Section 401(a)(17) of the Code, or $245,000 for 2010 and 2011) for each Eligible Employee, regardless of By signing below, the Employer named below hereby (check one): Adopts OR Amends Amendment Effective Date: (mm/dd/yyyy) Note: Amendments that impact your Summary Description must be effective January 1 of the following calendar year. Notwithstanding the preceding sentence, the Custodian of your SIMPLE Plan may resign or be removed at any time during the calendar year. If left blank, the amendment effective date will be January 1 of the following calendar year. By signing below, the Employer named below hereby adopts the Fidelity SIMPLE-IRA Plan under Section 408(p) of the Internal Revenue Code, the terms of which shall be governed by the Fidelity SIMPLE-IRA Plan Agreement and this Adoption Agreement. To the extent an optional provi- sion is not selected on the Adoption Agreement, the Employer understands that the default option will be the provision, if any, indicated in each Section. The Employer appoints Fidelity Management Trust Company (“FMTC”) (or its successor) as Custodian of this Plan, and recognizes that while such Custodian is a bank, neither Fidelity Distributors Corporation nor any mutual fund in which this SIMPLE-IRA Plan may invest its assets is a bank, and mutual fund shares are not backed or guaranteed by any bank or insured by the FDIC. The Employer hereby authorizes FMTC (or its agents or successors) to accept direction with respect to this Plan from the Contact Person authorized in Section 1 above. whether the Eligible Employee elects to make Elective Deferrals to the Plan. Please refer to Section 2.2 of the Plan Agreement for the definition of “Applicable Limit.” Name of Employer (i.e., Company Name) Name of Person Authorized to Sign on Behalf of Company (Please Print) SIGNATURE OF AUTHORIZED PERSON DATE X (Please keep a copy of this form and the Company Profile Form for your records.) The Fidelity SIMPLE-IRA Plan Agreement and Adoption Agreement have been approved as a prototype plan by the Internal Revenue Service. Amendments or revisions may be required in order to comply with future changes in the law. Fidelity Management & Research Company, the Sponsor of this prototype plan, or its agent will inform you of all amendments made to the Plan, or if it ever discontinues or abandons the Plan. You may contact Fidelity Investments with respect to this Plan at 0-000-000-0000. 449136.5.0 Fidelity Brokerage Services LLC, Member NYSE, SIPC

Appears in 1 contract

Samples: Adoption Agreement

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Non-Elective Contributions. In lieu of Employer Matching Contributions, the Employer shall make a contribution of 2% of Compensation (Compensation not to exceed the limits described in Section 401(a)(17) of the Code, as adjusted by the Secretary of the Treasury for increases in the cost of living in accordance with Section 401(a)(17) of the Code, or $245,000 290,000 for 2010 2021 and 2011$305,000 for 2022) for each Eligible Employee, regardless of whether the Eligible Employee elects to make Elective Deferrals to the Plan. Please refer to Section 2.2 of the Plan Agreement for the definition of “Applicable Limit.” By signing below, the Employer named below hereby (check one): hereby: Adopts OR Amends Amendment Effective Date: Date (mmMM/ddDD/yyyyYYYY) Note: Amendments that impact your Summary Description must be effective January 1 of the following calendar year. Notwithstanding the preceding sentence, the Custodian of your SIMPLE Plan may resign or be removed at any time during the calendar year. If left blank, the amendment effective date will be January 1 of the following calendar year. By signing below, the Employer named below hereby adopts the Fidelity SIMPLE-SIMPLE IRA Plan under Section 408(p) of the Internal Revenue Code, the terms of which shall be governed by the Fidelity SIMPLE-SIMPLE IRA Plan Agreement and this Adoption Agreement. To the extent an optional provi- sion provision is not selected on the Adoption Agreement, the Employer understands that the default option will be the provision, if any, indicated in each Section. The Employer appoints Fidelity Management Trust Company (“FMTC”) (or its successor) as Custodian of this Plan, and recognizes that while such Custodian is a bank, neither Fidelity Distributors Corporation Company LLC nor any mutual fund in which this SIMPLE-SIMPLE IRA Plan may invest its assets is a bank, and mutual fund shares are not backed or guaranteed by any bank or insured by the FDIC. The Employer hereby authorizes FMTC (or its agents or successors) to accept direction with respect to this Plan from the Contact Person authorized in Section 1 above. whether the Eligible Employee elects to make Elective Deferrals to the Plan. Please refer to Section 2.2 of the Plan Agreement for the definition of “Applicable Limit.” Name of Employer EMPLOYER NAME (i.e.I.E., Company NameCOMPANY NAME) Name of Person Authorized to Sign on Behalf of Company (Please Print) SIGNATURE PRINT NAME OF PERSON AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY AUTHORIZED PERSON DATE SIGNATURE Date MM/DD/YYYY SIGN X X (Please keep a copy of this form and the Company Profile Form for your records.) The Fidelity SIMPLE-SIMPLE IRA Plan Agreement and Adoption Agreement have been approved as a prototype plan by the Internal Revenue Service. Amendments or revisions may be required in order to comply with future changes in the law. Fidelity Management & Research Company, the Sponsor of this prototype plan, or its agent will inform you of all amendments made to the Plan, or if it ever discontinues or abandons the Plan. You may contact Fidelity Investments with respect to this Plan at 0-000-000-0000. 449136.5.0 Form ends here. Did you sign the form and include any necessary documents? Send the ENTIRE form and the Company Profile to Fidelity Brokerage Services LLCInvestments. Questions? Go to Xxxxxxxx.xxx/xxxxxxxxx or call 000-000-0000. Regular mail Fidelity Investments Attention: SIMPLE Service Team PO Box 770001 Cincinnati, Member NYSEOH 45277-0038 Overnight mail Fidelity Investments Attention: SIMPLE Service Team 000 Xxxxxx Xxxxxxx KC1D Covington, SIPCKY 41015

Appears in 1 contract

Samples: www.fidelity.com

Non-Elective Contributions. In lieu of Employer Matching Contributions, the Employer shall make a contribution of 2% of Compensation (Compensation not to exceed the limits described in Section 401(a)(17) of the Code, as adjusted by the Secretary of the Treasury for increases in the cost of living in accordance with Section 401(a)(17) of the Code, or $245,000 for 2010 and 2011) for each Eligible Employee, regardless of By signing below, the Employer named below hereby (check one): Adopts OR Amends Amendment Effective Date: (mm/dd/yyyy) Note: Amendments that impact your Summary Description must be effective January 1 of the following calendar year. Notwithstanding the preceding sentence, the Custodian of your SIMPLE Plan may resign or be removed at any time during the calendar year. If left blank, the amendment effective date will be January 1 of the following calendar year. By signing below, the Employer named below hereby adopts the Fidelity SIMPLE-IRA XXX Plan under Section 408(p) of the Internal Revenue Code, the terms of which shall be governed by the Fidelity SIMPLE-IRA XXX Plan Agreement and this Adoption Agreement. To the extent an optional provi- sion is not selected on the Adoption Agreement, the Employer understands that the default option will be the provision, if any, indicated in each Section. The Employer appoints Fidelity Management Trust Company (“FMTC”) (or its successor) as Custodian of this Plan, and recognizes that while such Custodian is a bank, neither Fidelity Distributors Corporation nor any mutual fund in which this SIMPLE-IRA XXX Plan may invest its assets is a bank, and mutual fund shares are not backed or guaranteed by any bank or insured by the FDIC. The Employer hereby authorizes FMTC (or its agents or successors) to accept direction with respect to this Plan from the Contact Person authorized in Section 1 above. whether the Eligible Employee elects to make Elective Deferrals to the Plan. Please refer to Section 2.2 of the Plan Agreement for the definition of “Applicable Limit.” Name of Employer (i.e., Company Name) Name of Person Authorized to Sign on Behalf of Company (Please Print) SIGNATURE OF AUTHORIZED PERSON DATE X (Please keep a copy of this form and the Company Profile Form for your records.) The Fidelity SIMPLE-IRA XXX Plan Agreement and Adoption Agreement have been approved as a prototype plan by the Internal Revenue Service. Amendments or revisions may be required in order to comply with future changes in the law. Fidelity Management & Research Company, the Sponsor of this prototype plan, or its agent will inform you of all amendments made to the Plan, or if it ever discontinues or abandons the Plan. You may contact Fidelity Investments with respect to this Plan at 0-000-000-0000. 449136.5.0 Fidelity Brokerage Services LLC, Member NYSE, SIPC.

Appears in 1 contract

Samples: scs.fidelity.com

Non-Elective Contributions. In lieu of Employer Matching Contributions, the Employer shall make a contribution of 2% of Compensation (Compensation not to exceed the limits described in Section 401(a)(17) of the Code, as adjusted by the Secretary of the Treasury for increases in the cost of living in accordance with Section 401(a)(17) of the Code, or $245,000 280,000 for 2010 2019 and 2011$285,000 for 2020) for each Eligible Employee, regardless of whether the Eligible Employee elects to make Elective Deferrals to the Plan. Please refer to Section 2.2 of the Plan Agreement for the definition of “Applicable Limit.” By signing below, the Employer named below hereby (check one): hereby: Adopts OR Amends Amendment Effective Date: Date (mmMM/ddDD/yyyyYYYY) Note: Amendments that impact your Summary Description must be effective January 1 of the following calendar year. Notwithstanding the preceding sentence, the Custodian of your SIMPLE Plan may resign or be removed at any time during the calendar year. If left blank, the amendment effective date will be January 1 of the following calendar year. By signing below, the Employer named below hereby adopts the Fidelity SIMPLE-SIMPLE IRA Plan under Section 408(p) of the Internal Revenue Code, the terms of which shall be governed by the Fidelity SIMPLE-SIMPLE IRA Plan Agreement and this Adoption Agreement. To the extent an optional provi- sion provision is not selected on the Adoption Agreement, the Employer understands that the default option will be the provision, if any, indicated in each Section. The Employer appoints Fidelity Management Trust Company (“FMTC”) (or its successor) as Custodian of this Plan, and recognizes that while such Custodian is a bank, neither Fidelity Distributors Corporation Company LLC nor any mutual fund in which this SIMPLE-SIMPLE IRA Plan may invest its assets is a bank, and mutual fund shares are not backed or guaranteed by any bank or insured by the FDIC. The Employer hereby authorizes FMTC (or its agents or successors) to accept direction with respect to this Plan from the Contact Person authorized in Section 1 above. whether the Eligible Employee elects to make Elective Deferrals to the Plan. Please refer to Section 2.2 of the Plan Agreement for the definition of “Applicable Limit.” Name of Employer EMPLOYER NAME (i.e.I.E., Company NameCOMPANY NAME) Name of Person Authorized to Sign on Behalf of Company (Please Print) SIGNATURE PRINT NAME OF PERSON AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY AUTHORIZED PERSON DATE SIGNATURE Date MM/DD/YYYY SIGN X X (Please keep a copy of this form and the Company Profile Form for your records.) The Fidelity SIMPLE-SIMPLE IRA Plan Agreement and Adoption Agreement have been approved as a prototype plan by the Internal Revenue Service. Amendments or revisions may be required in order to comply with future changes in the law. Fidelity Management & Research Company, the Sponsor of this prototype plan, or its agent will inform you of all amendments made to the Plan, or if it ever discontinues or abandons the Plan. You may contact Fidelity Investments with respect to this Plan at 0-000-000-0000. 449136.5.0 Form continues on next page. Did you sign the form and include any necessary documents? Send the ENTIRE form and the Company Profile to Fidelity Brokerage Services LLCInvestments. Questions? Go to Xxxxxxxx.xxx/xxxxxxxxx or call 000-000-0000. Regular mail Fidelity Investments Attention: SIMPLE Service Team PO Box 770001 Cincinnati, Member NYSEOH 45277-0038 Overnight mail Fidelity Investments Attention: SIMPLE Service Team 000 Xxxxxx Xxxxxxx KC1D Covington, SIPCKY 41015

Appears in 1 contract

Samples: www.fidelity.com

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Non-Elective Contributions. In lieu of Employer Matching Contributions, the Employer shall make a contribution of 2% of Compensation (Compensation not to exceed the limits described in Section 401(a)(17) of the Code, as adjusted by the Secretary of the Treasury for increases in the cost of living in accordance with Section 401(a)(17) of the Code, or $245,000 305,000 for 2010 2022 and 2011$330,000 for 2023) for each Eligible Employee, regardless of whether the Eligible Employee elects to make Elective Deferrals to the Plan. Please refer to Section 2.2 of the Plan Agreement for the definition of “Applicable Limit.” By signing below, the Employer named below hereby (check one): hereby: Adopts OR Amends Amendment Effective Date: Date (mmMM/ddDD/yyyyYYYY) Note: Amendments that impact your Summary Description must be effective January 1 of the following calendar year. Notwithstanding the preceding sentence, the Custodian of your SIMPLE Plan may resign or be removed at any time during the calendar year. If left blank, the amendment effective date will be January 1 of the following calendar year. By signing below, the Employer named below hereby adopts the Fidelity SIMPLE-SIMPLE IRA Plan under Section 408(p) of the Internal Revenue Code, the terms of which shall be governed by the Fidelity SIMPLE-SIMPLE IRA Plan Agreement and this Adoption Agreement. To the extent an optional provi- sion provision is not selected on the Adoption Agreement, the Employer understands that the default option will be the provision, if any, indicated in each Section. The Employer appoints Fidelity Management Trust Company (“FMTC”) (or its successor) as Custodian of this Plan, and recognizes that while such Custodian is a bank, neither Fidelity Distributors Corporation Company LLC nor any mutual fund in which this SIMPLE-SIMPLE IRA Plan may invest its assets is a bank, and mutual fund shares are not backed or guaranteed by any bank or insured by the FDIC. The Employer hereby authorizes FMTC (or its agents or successors) to accept direction with respect to this Plan from the Contact Person authorized in Section 1 above. whether the Eligible Employee elects to make Elective Deferrals to the Plan. Please refer to Section 2.2 of the Plan Agreement for the definition of “Applicable Limit.” Name of Employer EMPLOYER NAME (i.e.I.E., Company NameCOMPANY NAME) Name of Person Authorized to Sign on Behalf of Company (Please Print) SIGNATURE PRINT NAME OF PERSON AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY AUTHORIZED PERSON DATE SIGNATURE Date MM/DD/YYYY SIGN X X (Please keep a copy of this form and the Company Profile Form for your records.) The Fidelity SIMPLE-SIMPLE IRA Plan Agreement and Adoption Agreement have been approved as a prototype plan by the Internal Revenue Service. Amendments or revisions may be required in order to comply with future changes in the law. Fidelity Management & Research Company, the Sponsor of this prototype plan, or its agent will inform you of all amendments made to the Plan, or if it ever discontinues or abandons the Plan. You may contact Fidelity Investments with respect to this Plan at 0-000-000-0000. 449136.5.0 Form ends here. Did you sign the form and include any necessary documents? Send the ENTIRE form and the Company Profile to Fidelity Brokerage Services LLCInvestments. Questions? Go to Xxxxxxxx.xxx/xxxxxxxxx or call 000-000-0000. Regular mail Fidelity Investments Attention: SIMPLE Service Team PO Box 770001 Cincinnati, Member NYSEOH 45277-0038 Overnight mail Fidelity Investments Attention: SIMPLE Service Team 000 Xxxxxx Xxxxxxx KC1D Covington, SIPCKY 41015

Appears in 1 contract

Samples: www.fidelity.com

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