Nondeductible Employee Contributions. This Plan will not accept Nondeductible Employee Contributions and matching contributions for Plan Years beginning after the Plan Year in which this Plan is adopted by the Employer. Nondeductible Employee Contributions for Plan Years beginning after December 31, 1986, together with any matching contributions as defined in Section 401(m) of the Code, will be limited so as to meet the nondiscrimination test of Section 401(m) of the Code. A separate account will be maintained by the Plan Administrator for the Nondeductible Employee Contributions of each Participant. A Participant may, upon a written request submitted to the Plan Administrator withdraw the lesser of the portion of his or her Individual Account attributable to his or her Nondeductible Employee Contributions or the amount he or she contributed as Nondeductible Employee Contributions. Nondeductible Employee Contributions and earnings thereon will be nonforfeitable at all times. No Forfeiture will occur solely as a result of an Employee's withdrawal of Nondeductible Employee Contributions. The Plan Administrator will not accept deductible employee contributions which are made for a taxable year beginning after December 31, 1986. Contributions made prior to that date will be maintained in a separate account which will be nonforfeitable at all times. The account will share in the gains and losses of the Fund in the same manner as described in Section 4.03 of the Plan. No part of the deductible employee contribution account will be used to purchase life insurance. Subject to Section 6.05, joint and survivor annuity requirements (if applicable), the Participant may withdraw any part of the deductible employee contribution account by making a written application to the Plan Administrator.
Nondeductible Employee Contributions. May a Contributing Participant make Nondeductible Employee Contributions pursuant to Plan Section 3.05 (select one)?
Nondeductible Employee Contributions. Will Employees be permitted to make Nondeductible Employee Contributions pursuant to Section 11.305 of the Plan? [ ] Yes [X] No Check here if such contributions will be mandatory. [ ]
Nondeductible Employee Contributions. All Nondeductible Employee Contributions shall be credited to the Nondeductible Employee Account of the Participant making the contribution as of each Valuation Date.
Nondeductible Employee Contributions. 5 1.30 NORMAL RETIREMENT AGE ............................................. 6 1.31
Nondeductible Employee Contributions. 11 3.03 Rollover............................................................................. 12 3.04
Nondeductible Employee Contributions. 8 1.30 NORMAL RETIREMENT AGE.........................................8 1.31 OWNER - EMPLOYEE..............................................8 1.32 PARTICIPANT...................................................8 1.33 PLAN..........................................................8 1.34
Nondeductible Employee Contributions. (a) In general
(b) Recharacterization of Excess Contributions
Nondeductible Employee Contributions. ¨ Yes þ No
Nondeductible Employee Contributions. If this Plan is subject to Code Section 401(k) and the Adopting Employer so allows in the Adoption Agreement, a Participant may contribute Nondeductible Employee Contributions to the Plan by enrolling as a Contributing Participant pursuant to the applicable provisions of Plan Section 3.01. The Employer shall establish uniform and nondiscriminatory rules and procedures for Nondeductible Employee Contributions as it deems necessary and advisable including, but not limited to, rules describing any amounts or percentages of Compensation Participants may or must contribute to the Plan. Nondeductible Employee Contributions for Plan Years beginning after December 31, 1986, together with any Matching Contributions, will be limited so as to satisfy the Actual Contribution Percentage test in Plan Section 3.14. Notwithstanding the foregoing, contributions made to the Plan on an after-tax basis (e.g., to repay defaulted loans or to buy back previously forfeited amounts as described in Plan Section 4.01(C)(3)) do not constitute Nondeductible Employee Contributions and will not, therefore, be subject to the nondiscrimination test of Code Section 401(m) or the Annual Additions limits of Code Section 415. A separate account will be maintained by the Plan Administrator for the Nondeductible Employee Contributions of each Participant.
