Related Clauses

Matching Contributions
Employer Contribution
Employer Contributions
Elective Deferrals
Company Contributions
Catch-Up Contributions
Rollover Contributions
Safe Harbor
Excess Contributions
Participant Contributions

Parent Clauses

EMPLOYER CONTRIBUTIONS
Matching Employer Contribution
CONTRIBUTIONS TO THE PLAN
Elective Deferrals
Uniform Points Contribution Formula
Duties Of Individual
Definitions
Is The Plan Sponsor Part Of An Aggregation Group
Non Safe Harbor Matching Employer Contribution
Flexible Non-Elective Contribution Formula

Sub-Clauses

Service Disregarded for Vesting
Lump sum
Automatic Rollovers
Employer
Limitations on Participant Directed Investments
Type of Payment (select all that apply)
PARTICIPATING EMPLOYER
Application of Involuntary Cash-out Provisions
Forfeiture Allocation Alternatives

Qualified Matching Contributions (QMAC). For purposes of the ADP and ACP Tests, all Matching Contributions made to the Plan will be deemed “Qualified” for purposes of calculating the Actual Deferral Percentage and/or Actual Contribution Percentage. All Matching Contributions must be fully vested when made.

Appears in 2 contracts

Samples: Defined Contribution Plan (ASB Bancorp Inc), Savings and Investment Plan Document (Sterling Chemicals Inc)

Qualified Matching Contributions (QMAC). For purposes of the ~~ADP and~~ ACP ~~Tests~~Test, ~~all~~ only Matching Contributions made to the Plan that are needed to meet the Actual Contribution Percentage Test will be deemed “Qualified” for purposes of calculating the Actual ~~Deferral Percentage and/or Actual~~ Contribution Percentage. All such Matching Contributions used must be fully vested when ~~made~~made and are not available for in-service withdrawal.

Appears in 2 contracts

Samples: Adoption Agreement, Adoption Agreement

Qualified Matching Contributions (QMAC). ] a. For purposes of the ADP and ACP Tests, all Matching Contributions made to the Plan will be deemed “Qualified” for purposes of calculating the Actual Deferral Percentage and/or Actual Contribution Percentage. All Matching Contributions must be fully vested when made.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (1st Constitution Bancorp)

Qualified Matching Contributions (QMAC). For purposes of the ADP ~~and~~ or ACP ~~Tests~~Test, all Matching Contributions made to the Plan will be deemed “Qualified” for purposes of calculating the Actual Deferral Percentage and/or Actual Contribution Percentage. All Matching Contributions must be fully vested when ~~made~~made and are not available for in-service withdrawal.

Appears in 1 contract

Samples: Defined Contribution Plan (FNB United Corp.)

Qualified Matching Contributions (QMAC). ¨ a. For purposes of the ADP and ACP Tests, all Matching Contributions made to the Plan will be deemed “Qualified” for purposes of calculating the Actual Deferral Percentage and/or Actual Contribution Percentage. All Matching Contributions must be fully vested when made.

Appears in 1 contract

Samples: Defined Contribution Plan (Fraternity Community Bancorp Inc)

Common use of Qualified Matching Contributions (QMAC) Clause in Contracts