Qualified Non-Elective Contributions. Contributions (other than Matching Contributions or Qualified Matching Contributions) made by the Employer and allocated to Participants' accounts that the Participants may not elect to receive in cash until distributed from the Plan; that are nonforfeitable when made; and that are distributable only in accordance with the distribution provisions that are applicable to Elective Deferrals and Qualified Matching Contributions.
Qualified Non-Elective Contributions. If elected by the Employer in the Adoption Agreement, the Employer may make Qualified Non-elective Contributions to the Plan. In addition, in lieu of distributing Excess Contributions as provided in Section 3.2(G) of the Plan, or Excess Aggregate Contributions as provided in Section 3.5(C) of the Plan, the Employer may make Qualified Non-elective Contributions on behalf of Employees that are sufficient to satisfy either the Actual Deferral Percentage or the Average Contribution Percentage test, or both, pursuant to regulations under the Code.
Qualified Non-Elective Contributions. The Employer may elect to make Qualified Non-elective Contributions under the Plan on behalf of all Participants who are Non-Highly Compensated Employees in a ratio which each Non-Highly Compensated Participant's Compensation for the Plan Year bears to the total Compensation of all Non- Highly Compensated Participants for such Plan Year.
(a) Qualified Non-elective Contributions shall be made on behalf of those Non-Highly Compensated Participants who are credited with a Year of Service during the Plan Year and who are employed on the last day of the Plan Year. Notwithstanding the preceding sentence, Non-Highly Compensated Participants who terminated employment with the Employer during the Plan Year because of death, Disability or retirement are entitled to a Qualified Non-elective Contribution.
(b) Qualified Non-elective Contributions shall be made no later than the end of the twelve-month period beginning on the day after the close of the Plan Year. Qualified Non-elective Contributions shall be made in cash or in other such property acceptable to the Trustee.
Qualified Non-Elective Contributions. In the case of any Plan Sponsor that elects in its Adoption Agreement to make Qualified Non-Elective Contributions, such Plan Sponsor will comply with paragraph (i), (ii), or (iii), depending on its election in its Adoption Agreement.
Qualified Non-Elective Contributions. (QNEC):
¨ a. For purposes of the ADP or ACP Test, all Non-Elective Contributions made to the Plan will be deemed “Qualified” for purposes of calculating the Actual Deferral Percentage and/or Actual Contribution Percentage. All Non-Elective Contributions must be fully vested when made and are not available for in-service withdrawal.
¨ b. For purposes of the ADP or ACP Test, only the Non-Elective Contributions made to the Plan that are needed to meet the Actual Deferral Percentage or Actual Contribution Percentage Test will be deemed “Qualified” for purposes of calculating the Actual Deferral Percentage and/or Actual Contribution Percentage. All such Non-Elective Contributions used must be fully vested when made and are not available for in-service withdrawal.
Qualified Non-Elective Contributions. QNEC")
a. R Pro rata. In the ratio that such Participant's Compensation bears to the Compensation of all eligible Participants.
Qualified Non-Elective Contributions. If this paragraph is checked, in any Plan Year in which the Plan cannot satisfy either the ADP or ACP test, the Employer may make Qualified Nonelective Contributions to the Trust on behalf of Participants who are Non-Highly Compensated Employees in an amount sufficient to enable the Plan to satisfy such tests. These contributions when made will be 100% vested.
Qualified Non-Elective Contributions. (Plan Section 12.1(a)(4))
a. Will a Qualified Non-Elective Contribution be provided under the Plan?
1. [X] N/A. There will be no Qualified Non-Elective Contributions except for ADP/ACP Test Safe Harbor contributions or as provided in Section 12.5(c) and 12.7(g). 2.[ ] The Employer will make a Qualified Non-Elective Contribution equal to _________ % of the total Compensation of those Participants eligible to share in the allocations. 3.[ ] The Employer may make a Qualified Non-Elective Contribution in an amount to be determined by the Employer, to be allocated in proportion to the Compensation of those eligible to share in the allocations. 4.[ ] The Employer may make a Qualified Non-Elective Contribution in the same dollar amount, to be determined by the Employer, to all Participants eligible to share in the allocations (per capita).
b. And, Qualified Non-Elective Contributions will be made on behalf of:
1. [X] all Participants. 2.[ ] only Non-Highly Compensated Employees.
Qualified Non-Elective Contributions. If the Plan is a Code §401(k) Plan or a Code §401(m) Plan, then the Employer may make a Qualified Non-Elective Contribution to the Plan in such amount as the Employer, in its sole discretion, may determine, subject to the following provisions:
Qualified Non-Elective Contributions. 11.1 The Employer will make Qualified Non-Elective Contributions to the Plan. If the Employer does make Qualified Non-Elective Contributions to the Plan, then the amount of such contributions to the Plan for each Plan Year shall be:
a. percent (not to exceed 15 percent) of the Compensation of all Participants eligible to share in the allocation.
b. percent of the net profits, but in no event more than $__________ for any Plan Year.
c. An amount as determined by the Employer. The amount of the special Qualified Non-Elective Contributions allocated under section 11.2 below will be the amount needed to meet the Average Actual Deferral Percentage test state in section 11.4 of the Plan.
11.2 Allocations of Qualified Non-Elective Contributions to each Participant's account shall be made to the accounts of: / / All Participants. / / Only Non-Highly compensated Participants.
11.3 Allocations of Qualified Non-Elective Contributions to each Participant's account shall be made (elect one):
a. In the ratio in which each Participant's Compensation for the Plan Year bears to the total Compensation of all Participants for such Plan Year.
b. In the ratio in which each Participant's Compensation not in excess of $_________ for the Plan Year bears to the total Compensation of all Participants not in excess of $__________ for such Plan Year.
