NON-SAFE HARBOR FORMULA Sample Clauses

NON-SAFE HARBOR FORMULA. The Employer will make (select one) [ ] Qualified Matching Contributions [ ] Non-qualified Matching Contributions on behalf of Participants who make: (Select one or both) [ ] i. Elective Deferrals to the Plan. The Employer's contribution for each Plan Year will be: (select one) [ ] ___% of Participant Elective Deferrals of the first __% of Compensation. [ ] ___% of the first $_________ of Participant Elective Deferrals. [ ] Other Formula: (use for a multi-tiered formula, e.g. 100% of Participant Elective Deferrals up to 2% of Compensation and 50% of Participant Elective Deferrals in excess of 2% of Compensation, up to 4% of Compensation.) ______________ [ ] ii. Participant Contributions to the Plan. The Employer's contribution for each Plan Year will be: (select one) [ ] ___% of Participant contributions of the first ___% of Compensation; or [ ] ___% of the first $_________ of Participant contributions. [ ] Other Formula: (use for a multi-tiered formula, e.g. 100% of Participant contributions up to 2% of Compensation and 50% of Participant contributions in excess of 2% of Compensation, up to 4% of Compensation.) [ ] iii. ____________ Contributions (insert type of contributions) to another plan or program: _______________________________ (insert name of plan or program). The Employer's contribution for each Plan Year will be: (select one) [ ] ___% of Participant contributions of the first ___% of Compensation; or [ ] ___% of the first $____________ of Participant contributions. [ ] Other Formula: (use for a multi-tiered formula, e.g. 100% of Participant contributions up to 2% of Compensation and 50% of Participant contributions in excess of 2% of Compensation, up to 4% of Compensation.) _________________ [X] B. CONTRIBUTION ALLOCATION COMPUTATION PERIOD. The period of time for which matching contributions will be allocated shall be: (Select one if matching contributions are selected above.) [X] 1. Plan Year. [ ] 2. Calendar Year. [ ] 3. Employer's Taxable Year.
Sample 1
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Related to NON-SAFE HARBOR FORMULA

  • 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.

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

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

  • Qualified Nonelective Contributions If the Employer, at the time of contribution, designates a contribution to be a qualified nonelective contribution for the Plan Year, the Advisory Committee will allocate that qualified nonelective contribution to the Qualified Nonelective Contributions Account of each Participant eligible for an allocation of that designated contribution, as specified in Section 3.04 of the Employer's Adoption Agreement. The Advisory Committee will make the allocation to each eligible Participant's Account in the same ratio that the Participant's Compensation for the Plan Year bears to the total Compensation of all eligible Participants for the Plan Year. The Advisory Committee will determine a Participant's Compensation in accordance with the general definition of Compensation under Section 1.12 of the Plan, as modified by the Employer in Sections 1.12 and 3.06 of its Adoption Agreement.

  • 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.

  • 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.

  • Excess Compensation For purposes of Option (f), (g) or (h), "Excess Compensation" means Compensation in excess of the following Integration Level: (Choose (1) or (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.

  • EMPLOYEE CONTRIBUTIONS [X] (a) Participants shall be permitted to make Elective Deferrals in any amount from 1 % up to 15 % of their Compensation. If (a) is applicable, Participants shall be permitted to amend their Salary Savings Agreements to change the contribution percentage as provided below:

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

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