Separate Application to Nonelective and Matching. If applicable under the Plan, the Employer in its Adoption Agreement will elect whether to apply this Section 3.06(F): (a) to both Nonelective Contributions and to Matching Contributions if both components fail the ratio percentage test; (b) only to Nonelective Contributions if this component fails the ratio percentage test; or (c) only to Matching Contributions if this component fails the ratio percentage test.
Appears in 6 contracts
Samples: Defined Contribution Pre Approved Plan (J&j Snack Foods Corp), 403(b) Volume Submitter Plan Adoption Agreement, Defined Contribution Prototype Plan and Trust Agreement (Bob Evans Farms Inc)
