QNEC, Matching and QMAC Targeting Restrictions. The Plan Administrator in performing the ADP or ACP tests may not include in the tests any impermissibly targeted QNEC or Matching Contribution as described in this Section 4.10(D). These targeting restrictions apply as of the Final 401(k) Regulations Effective Date to Matching Contributions, to Plan-Designated and Operational QNECs and to Plan-Designated and Operational QMACs. The Employer will not contribute Operational QNECs or QMACs which would violate the targeting restrictions.
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Samples: 401(k) Plan Adoption Agreement (Knowles Corp), Defined Contribution Prototype and Volume Submitter Plan (Finisar Corp)
QNEC, Matching and QMAC Targeting Restrictions. The Plan Administrator in performing the ADP or ACP tests may not include in the tests any impermissibly targeted QNEC or Matching Contribution as described in this Section 4.10(D). These targeting restrictions apply as of the Final 401(k) Regulations Effective Date to Matching Contributions, to Plan-Designated Contributions (including Operational Matches and Operational QNECs and to Plan-Plan Designated and Operational QMACs) and to Plan Designated and Operational QNECs. The Employer will not contribute Operational QNECs Matches, Operational QNECs, or QMACs which would violate the targeting restrictions.
Appears in 1 contract
Samples: Defined Contribution Pre Approved Plan (J&j Snack Foods Corp)
QNEC, Matching and QMAC Targeting Restrictions. The Plan Administrator in performing the ADP or ACP tests may not include in the tests any impermissibly targeted QNEC or Matching Contribution as described in this Section 4.10(D). These targeting restrictions apply as of the Final 401(k) Regulations Effective Date to Matching Contributions, to Plan-Designated Plan‑Designated and Operational QNECs and to Plan-Designated Plan‑Designated and Operational QMACs. The Employer will not contribute Operational QNECs or QMACs which would violate the targeting restrictions.
Appears in 1 contract
Samples: Defined Contribution Prototype Plan and Trust Agreement (Bob Evans Farms Inc)
QNEC, Matching and QMAC Targeting Restrictions. The Plan Administrator in performing the ADP or ACP tests may not include in the tests any impermissibly targeted QNEC or Matching Contribution as described in this Section 4.10(D). These targeting restrictions apply as of the Final 401(k) Regulations Effective Date to Matching Contributions, to Plan-Plan- Designated and Operational QNECs and to Plan-Plan- Designated and Operational QMACs. The Employer will not contribute Operational QNECs or QMACs which would violate the targeting restrictions.
Appears in 1 contract
Samples: 401(k) Profit Sharing Plan (Nci Building Systems Inc)
