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%).
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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. 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%).
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Samples: Prudential Retirement Services (National Penn Bancshares Inc)
Safe Harbor Matching Contribution. The Employer will make an Employer Matching Contribution with respect to an Eligible Participant’s '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%).
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Samples: Peoples Holding Co