Qualified Non-Elective Contributions (QNEC). o a. For purposes of the ADP and ACP Tests, 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.
Appears in 3 contracts
Samples: Nonstandardized Adoption Agreement (First Northwest Bancorp), Participation Agreement (Sterling Chemicals Inc), Prototype Defined Contribution Plan (Athens Bancshares Corp)
Qualified Non-Elective Contributions (QNEC). o a. For purposes of the ADP and ACP TestsTest, all only the Non-Elective Contributions made to the Plan that are needed to meet 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 mademade and are not available for in-service withdrawal.
Appears in 2 contracts
Qualified Non-Elective Contributions (QNEC). o [ ] a. For purposes of the ADP and ACP Tests, 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.
Appears in 1 contract
Samples: Nonstandardized Adoption Agreement (Connecticut Water Service Inc / Ct)
Qualified Non-Elective Contributions (QNEC). o [ ] a. For purposes of the ADP and or ACP TestsTest, 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 mademade and are not available for in-service withdrawal.
Appears in 1 contract
Samples: Nonstandardized Adoption Agreement (Sontra Medical Corp)
Qualified Non-Elective Contributions (QNEC). o a. For purposes of the ADP and ACP Tests, 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.
Appears in 1 contract
Samples: Nonstandardized Adoption Agreement (BBCN Bancorp Inc)
