Safe Harbor Matching Contribution. See Section 3.05(E)(3).
Safe Harbor Matching Contribution. The Employer will make an Employer Matching Contribution with respect to an Eligible Participant’s Section 401(k) Deferrals and/or Employee After-Tax Contributions (“applicable contributions”) under the following formula: [Complete selection a. or b. In addition, complete selection c. Selection d. may be checked in addition to a. or b. and c.] [ ] a. Basic formula: 100% of applicable contributions up to the first 3% of Included Compensation, plus 50% of applicable contributions up to the next 2% of Included Compensation. [ ] b. Enhanced formula: [ ] (1) ___% (not less than 100%) of applicable contributions up to ___% of Included Compensation (not less than 4% and not more than 6%).
Safe Harbor Matching Contribution. Safe Harbor Matching Contribution formula.
Safe Harbor Matching Contribution. The Employer may elect under Part 4E, #27 of the Agreement to make the Safe Harbor Matching Contribution with respect to each Eligible Participant’s applicable contributions. For this purpose, an Eligible Participant’s applicable contributions are the total Section 401(k) Deferrals and Employee After-Tax Contributions the Eligible Participant makes under the Plan. However, the Employer may elect under Part 4E, #27.d. to exclude Employee After-Tax Contributions from the definition of applicable contributions for purposes of applying the Safe Harbor Matching Contribution formula. The Safe Harbor Matching Contribution may be made under a basic formula or an enhanced formula. The basic formula under Part 4E, #27.a. provides an Employer Matching Contribution that equals:
(A) 100% of the amount of a Participant’s applicable contributions that do not exceed 3% of the Participant’s Included Compensation, plus
(B) 50% of the amount of a Participant’s applicable contributions that exceed 3%, but do not exceed 5%, of the Participant’s Included Compensation. The enhanced formula under Part 4E, #27.b. provides an Employer Matching Contribution that is not less, at each level of applicable contributions, than the amount required under the basic formula. Under the enhanced formula, the rate of Employer Matching Contributions may not increase as an Employee’s rate of applicable contributions increase. The Plan will not fail to be a Safe Harbor 401(k) Plan merely because Highly Compensated Employees also receive a contribution under the Plan. However, an Employer Matching Contribution will not satisfy this Section if any Highly Compensated Employee is eligible for a higher rate of Employer Matching Contribution than is provided for any Nonhighly Compensated Employee who has the same rate of applicable contributions.
(1) to determine the Safe Harbor Matching Contribution on the basis of all applicable contributions a Participant makes during the Plan Year. Alternatively, the Employer may elect under Part 4E, #27.c.(2) - (4) to determine the Safe Harbor Matching Contribution on a payroll, monthly, or quarterly basis. If the Employer elects to use a period other than the Plan Year, the Safe Harbor Matching Contribution with respect to a payroll period must be deposited into the Plan by the last day of the Plan Year quarter following the Plan Year quarter for which the applicable contributions are made. In addition to the Safe Harbor Matching Contribution, an Employer may elec...
Safe Harbor Matching Contribution. 100% of Elective Deferrals up to _____% of Compensation plus 50% of Elective Deferrals between _____% and _____% (may not exceed 6% of Compensation).
Safe Harbor Matching Contribution. The Employer will make an Employer Matching Contribution with respect to an Eligible Participant's Section 401(k) Deferrals and/or Employee After-Tax Contributions ("applicable contributions") under the following formula: [Complete selection a. or b. In addition, complete selection c. Selection d. may be checked in addition to a. or b. and c.] [ ] a. BASIC FORMULA: 100% of applicable contributions up to the first 3% of Included Compensation, plus 50% of applicable contributions up to the next 2% of Included Compensation.
Safe Harbor Matching Contribution. The Employer will make an Employer Matching Contribution with respect to an Eligible Participant’s Section 401(k) Deferrals and/or Employee After-Tax Contributions (“applicable contributions”) under the following formula: [Complete selection a. or b. In addition, complete selection c. Selection d. may be checked in addition to a. or b. and c.]
o a. Basic formula: 100% of applicable contributions up to the first 3% of Included Compensation, plus 50% of applicable contributions up to the next 2% of Included Compensation.
o b. Enhanced formula:
Safe Harbor Matching Contribution. QACA Safe Harbor Matching Contribution formula. Commented [JG62]: QACA elections now in this AA §6C-3.
Safe Harbor Matching Contribution. The Employer will make an Employer Matching Contribution with respect to an Eligible Participant's Section 401(k) Deferrals under the following formula: [Complete selection a, or b. In addition, complete selection c.] oa. Basic formula: 100% of Section 401(k) Deferrals up to the first 3% of Included Compensation, plus 50% of Section 401(k) Deferrals up to the next 2% of Included Compensation.
Safe Harbor Matching Contribution. ¨ (1) Safe Harbor Matching Contribution formula. ¨ (i) Basic match: 100% of Salary Deferrals up to the first 3% of Plan Compensation, plus 50% of Salary Deferrals up to the next 2% of Plan Compensation. ¨ (ii) Enhanced match: % of Salary Deferrals up to % of Plan Compensation. ¨ (iii) Tiered match: % of Salary Deferrals up to the first % of Plan Compensation, ¨ (A) plus % of Salary Deferrals up to the next % of Plan Compensation, ¨ (B) plus % of Salary Deferrals up to the next % of Plan Compensation. [Note: The enhanced match under subsection (ii) and the tiered match under subsection (iii) must provide a matching contribution that is at least equivalent at all deferral levels to the basic match described in subsection (i). If the enhanced match or tiered match applies to Salary Deferrals in excess of 6% of Plan Compensation or if the tiered match provides for a greater level of match at higher levels of Salary Deferrals, the Matching Contribution will be subject to ACP Testing. See Section 6.04(i)(2) of the Plan.] ¨ (2) QACA Safe Harbor Matching Contribution formula. [Note: Also must select AA §6A-8.] ¨ (i) Basic match: 100% of Salary Deferrals up to the first 1% of Plan Compensation, plus 50% of Salary Deferrals up to the next 5% of Plan Compensation. ¨ (ii) Enhanced match: % of Salary Deferrals up to % of Plan Compensation. ¨ (iii) Tiered match: % of Salary Deferrals up to the first % of Plan Compensation, ¨ (A) plus % of Salary Deferrals up to the next % of Plan Compensation, ¨ (B) plus % of Salary Deferrals up to the next % of Plan Compensation. [Note: The enhanced match under subsection (ii) and the tiered match under subsection (iii) must provide a matching contribution that is at least equivalent at all deferral levels to the basic match described in subsection (i). If the enhanced match or tiered match applies to Salary Deferrals in excess of 6% of Plan Compensation or if the tiered match provides for a greater level of match at higher levels of Salary Deferrals, the Matching Contribution will be subject to ACP Testing. See Section 6.04(i)(2) of the Plan.]
