Top-Paid Group Election. In determining who is a Highly Compensated Employee, the Employer makes the Top-Paid Group election. The effect of this election is that an Employee (who is not a 5% owner at any time during the determination year or the look-back year) who earned more than $80,000, as indexed for the look-back year, is a Highly Compensated Employee if the Employee was in the Top-Paid Group for the look-back year. This election is applicable for the Plan Year in which this Plan is effective.
Top-Paid Group Election. In determining who is a Highly Compensated Employee, the Employer makes the Top Paid Group election by checking this line . The effect of this election is that an Employee (who is not a 5% owner at any time during the determination year or the look-back year) with compensation in excess of $90,000 (as adjusted) for the look-back year is a Highly Compensated Employee only if the Employee was in the top-paid group (i.e., the top 20% of Employees ranked on the basis of compensation paid by the Employer) for the look-back year.
Top-Paid Group Election. In determining who is a Highly Compensated Employee (select one):
Top-Paid Group Election. In determining who is a Highly Compensated Employee, the Employer may make the Top-Paid Group election. The effect of this election is that an Employee (who is not a 5% owner at any time during the determination year or the look-back year) who earned more than $95,000, as indexed for the look-back year, is a Highly Compensated Employee if the Employee was in the Top-Paid Group for the look-back year. This election is applicable for the Plan Year in which this Plan is effective. [x] a. The Employer does not make the Top-Paid Group election. [ ] b. The Employer makes the Top-Paid Group election [Plan defaults to this election].
Top-Paid Group Election. The top paid group election is being made for the purpose of determining who is a HCE.
Top-Paid Group Election. If elected in the Adoption Agreement, an Employee is in the top-paid group for any year if the Employee is in the group consisting of the top 20 percent of the Employees of the Employer when ranked on the basis of Compensation paid to Employees during such year. For purposes of determining the number of Employees in the Top-Paid Group, Employees described in section 414(q)(5) of the Code and 1.414(q)-1T of the Treasury Regulations are excluded. A top-paid group election, once made, applies for all subsequent Determination Years unless subsequently amended by the employer.
Top-Paid Group Election. In determining who is a Highly Compensated Employee, the Employer makes the Top-Paid Group election. The effect of this election is that an Employee (who is not a 5% owner at any time during the determination year or the look-back year) who earned more than $80,000, as indexed for the look-back year, is a Highly Compensated Employee if the Employee was in the Top-Paid Group for the look-back year. This election is applicable for the Plan Year in which this Plan is effective. [ ] 2.Calendar Year Data Election: If the Plan Year is not calendar year, the prior year computation period for purposes of determining if an Employee earned more than $80,000, as indexed, is the calendar year beginning in the prior Plan Year. This election is applicable for the Plan Year in which this Plan is effective.
Top-Paid Group Election. Employees with Compensation exceeding the dollar amount specified in Code Section 414(q)(1)(B)(i) adjusted pursuant to Code Section 415(d) shall be considered Highly Compensated Employees only if they are in the top paid group (the top 20% of Employees ranked by Compensation).
Top-Paid Group Election. In determining if an Employee is a Highly Compensated Employee based on Code Section 415 Compensation, the top paid group election set forth in Code Section 414(q)(3) is being applied by the Plan.
Top-Paid Group Election. In determining if an Employee is a Highly Compensated Employee based on Code §415 Compensation, the top paid group election set forth in Code §414(q)(3) is not being applied for any Plan Year beginning on or after January 1, 1997.
