Safe Harbor Nonelective Contribution. The Safe Harbor Nonelective Contribution equals % of a Participant's Compensation [Note: The amount in the blank must be at least 3%. The Safe Harbor Nonelective Contribution applies toward (offsets) most other Employer Nonelective Contributions. See Section 3.05(E)(11).]
Safe Harbor Nonelective Contribution. See Section 3.05(E)(2).
Safe Harbor Nonelective Contribution. (no less than 3%) of Included Compensation.
o a. Check this selection if the Employer will make this Safe Harbor Nonelective Contribution pursuant to a supplemental notice as described in Section 17.6(a)(1)(ii) of the BPD. If this a. is checked, the Safe Harbor Nonelective Contribution will be required only for a Plan Year for which the appropriate supplemental notice is provided. For any Plan Year in which the supplemental notice is not provided, the Plan is not a Safe Harbor 401(k) Plan.
o b. Check this selection to provide the Employer with the discretion to increase the above percentage to a higher percentage.
o c. Check this selection if the Safe Harbor Nonelective Contribution will be made under another plan maintained by the Employer and identify the plan:
o d. Check this d. if the Safe Harbor Nonelective Contribution offsets the allocation that would otherwise be made to the Participant under Part 4C, #21 above. If the Permitted Disparity Method is elected under Part 4C, #21.b., this offset applies only to the second step of the Two-Step Formula or the fourth step of the Four-Step Formula, as applicable.
Safe Harbor Nonelective Contribution. The Employer may elect under Part 4E, #28 of the Agreement to make a Safe Harbor Nonelective Contribution of at least 3% of Included Compensation. The Employer may elect under Part 4E, #28.b. to retain discretion to increase the amount of the Safe Harbor Nonelective Contribution in excess of the percentage designated under Part 4E, #28. In addition, the Employer may provide for additional discretionary Employer Nonelective Contributions under Part 4C of the Agreement (in addition to the Safe Harbor Contribution under this Section) which are subject to the normal vesting schedule and distribution rules applicable to Employer Nonelective Contributions.
Safe Harbor Nonelective Contribution. (no less than 3%) of Included Compensation. [ ] a. Check this selection if the Employer will make this Safe Harbor Nonelective Contribution pursuant to a supplemental notice as described in Section 17.6(a)(1)(ii) of the BPD. If this a. is checked, the Safe Harbor Nonelective Contribution will be required only for a Plan Year for which the appropriate supplemental notice is provided. For any Plan Year in which the supplemental notice is not provided, the Plan is not a Safe Harbor 401(k) Plan. [ ] b. Check this selection to provide the Employer with the discretion to increase the above percentage to a higher percentage. [ ] c. Check this selection if the Safe Harbor Nonelective Contribution will be made under another plan maintained by the Employer and identify the plan: ___________________________________________________________________________________ [ ] d. Check this d. if the Safe Harbor Nonelective Contribution offsets the allocation that would otherwise be made to the Participant under Part 4C, #21 above. If the Permitted Disparity Method is elected under Part 4C, #21.b., this offset applies only to the second step of the Two-Step Formula or the fourth step of the Four-Step Formula, as applicable. [ ] 29. Special rule for partial period of participation. If an Employee is an Eligible Participant for only part of a Plan Year, Included Compensation is taken into account for the entire Plan Year, including the portion of the Plan Year during which the Employee is not an Eligible Participant. [If this #29 is not checked, Included Compensation is taken into account only for the portion of the Plan Year in which the Employee is an Eligible Participant.]
Safe Harbor Nonelective Contribution. (Complete only if the second box in Item 27 is selected.) The Employer shall make contributions equal to at least ________% (at least 3%) of Compensation for each Participant who is eligible under Item 30 below to receive this type of contribution.
Safe Harbor Nonelective Contribution. 1.37(E), 3.05(E)(2) Salary Reduction Agreement. 1.54 Self-Employed Individual. 1.21(A) Segregated Accounts. 7.04(A)(2)(c)
Safe Harbor Nonelective Contribution. 1.37(E), 3.05(E)(2) Valuation Date. 1.66, 7.04(B)(2)
Safe Harbor Nonelective Contribution. Employer has decided to: (Note: If b. or c. is selected, Plan must be amended.)
a. Not make a contribution
Safe Harbor Nonelective Contribution. If the Employer selects (1), it may elect (2).
(1) [ ] Safe Harbor Nonelective Contribution. The Employer shall contribute and allocate to each Participant's Safe Harbor Nonelective Contribution subaccount an amount equal to 3% of the Participant's Total Compensation for the Plan Year, regardless of whether the Participant has made contributions to the Plan during such Plan Year.
