Nonelective Contribution Sample Clauses
Nonelective Contribution. Nonelective Contribution means a fixed or discretionary Employer Contribution which is not a Matching Contribution, a Money Purchase Pension Contribution or a Target Benefit Contribution.
Nonelective Contribution. 1.37 Prior Year Testing. 4.11(I) Nonelective Transfer. 11.06(D) Non-Key Employee. 10.06(G) 12.02(D) Nonresident Aliens. 1.21(D)(2) Profit Sharing Plan. 1.46 Nonstandardized Plan. 1.04(A) Protected Benefit. 1.47 Nontransferable Annuity. 1.06(C) Prototype Plan/Master Plan (M&P Plan). 1.48 Normal Retirement Age. 5.01 QDRO. 1.49 QJSA. 1.06(D), 6.04(A)(1), 6.04(A)(2) Operational QNEC. 3.03(C)(2) QMAC. 1.34(C) Opinion Letter. 1.38 QNEC. 1.37(C)
Nonelective Contribution. ¨ (a) The Employer may make a QACA Nonelective Contribution to the Account of each Eligible Participant in an amount equal to % (must be at least 3%) of Eligible Participant’s Plan Compensation for the Plan Year. ¨ (b) The Employer will make a QACA Nonelective Contribution to the Account of each Eligible Participant in an amount equal to % (must be at least 3%) of Eligible Participant’s Plan Compensation for the Plan Year.
Nonelective Contribution. For any "year," instead of a matching contribution, the Employer may elect to contribute a nonelective contribution of two percent (2%) of "compensation" for the "year" for each "eligible employee" who received at least $5,000 of "compensation" from the Employer for the "year."