Qualified Non-Elective. Contributions (QNECs) 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 (other than for Hardships) that are applicable to Elective Deferrals or Xxxx Elective Deferrals and Qualified Matching Contributions. If Qualified Non-Elective Contributions (QNECs) or Elective Deferrals or Xxxx Elective Deferrals are used for the ACP Test, they must satisfy Regulations Section 1.401(m)-2(a)(6).
Appears in 3 contracts
Samples: Participation Agreement (Sterling Chemicals Inc), Prototype Defined Contribution Plan (Old Dominion Freight Line Inc/Va), Sterling Chemicals Inc
Qualified Non-Elective. Contributions (QNECs) 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 (other than for Hardships) that are applicable to Elective Deferrals or Xxxx Elective Deferrals and Qualified Matching Contributions. If Qualified Non-Elective Contributions (QNECs) or Elective Deferrals or Xxxx Elective Deferrals are used for the ACP Test, they must satisfy Regulations Section 1.401(m)-2(a)(6).
Appears in 3 contracts
Samples: Prototype Defined Contribution Plan, Prototype Defined Contribution Plan, Prototype Defined Contribution Plan (1st Constitution Bancorp)
Qualified Non-Elective. Contributions (QNECs) 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 (other than for Hardships) that are applicable to Elective Deferrals or Xxxx Rxxx Elective Deferrals and Qualified Matching Contributions. If Qualified Non-Elective Contributions (QNECs) or Elective Deferrals or Xxxx Rxxx Elective Deferrals are used for the ACP Test, they must satisfy Regulations Section 1.401(m)-2(a)(6).
Appears in 1 contract
Samples: Prototype Defined Contribution Plan (Savannah Bancorp Inc)
