Type of Plan. The Plan will be a Defined Contribution Pension Plan. Participation in the Plan shall be voluntary.
Type of Plan. (1) ¨ 401(k) Only (2) x 401(k) and Profit Sharing
(3) ¨ Profit Sharing Only
Type of Plan. The Plan will be a Defined Contribution Pension Plan.
Type of Plan. The Board will purchase a plan of Health and Hospital Insurance in order to comply with 7.02, which is administered by the Southwestern Ohio Educational Purchasing Cooperative (EPC). A summary of benefits shall be placed as information in the appendix.
Type of Plan. The Board will provide health and prescription drug benefits as identified in the Xxxxxx Health Plan (BHP) as outlined in the current benefit plan book. Both PPO and HDHP/HSA plans will be available. This plan includes special eligibility requirements for spouses on the medical plan only.
Type of Plan. Check one. 🗸
1. Profit Sharing only — Elective Contributions (401(k) contributions) are not permitted. The Employer may make Nonelective Employer Contributions in the manner elected in this Adoption Agreement.
2. Safe Harbor 401(k) Plan — Elective Contributions (401(k) contributions) are permitted and the Employer will make Safe Harbor Nonelective Employer Contributions to the Plan on behalf of Eligible Participants equal to 3% of their “Compensation” for the Plan Year. The Employer may make Nonelective Employer Contributions in the manner elected in this Adoption Agreement.
3. Non-Safe Harbor 401(k) Plan — Elective Contributions (401(k) contributions) are permitted. The Employer will not make Safe Harbor Nonelective Employer Contributions to the Plan. The Employer may make Nonelective Employer Contributions in the manner elected in this Adoption Agreement.
Type of Plan. This Plan shall be (check one):
(a) An Evergreen Plan under which the Employer establishes and maintains a Participant’s Account, which may have sub-accounts depending on the Employer’s election, on behalf of each Eligible Employee which include, if applicable, but are not limited to a (1) Salary Reduction Contribution Account, (2) Performance-Based Compensation Account, (3) Matching Contribution Account, and (4) Nonelective Employer Contribution Account to which (1) Salary Reduction Contributions, (2) Performance-Based Compensation, (3) Matching Contributions and (4) Nonelective Employer Contributions shall be credited.
(b) A Calendar Year Plan under which the Employer establishes and maintains a Participant’s Account on behalf of each Eligible Employee’s Annual Sub-Account(s) which include, if applicable, but are not limited to a (1) Salary Reduction Contribution Account, (2) Performance-Based Compensation Account, (3) Matching Contribution Account, and (4) Nonelective Employer Contribution Account to which (1) Salary Reduction Contributions, (2) Performance-Based Compensation, (3) Matching Contributions and (4) Nonelective Employer Contributions shall be credited to each respective Annual Sub-Account. Distribution Election Method (check one if 8(b) above is selected):
o (i) Annual Election - A Participant must make a new Distribution Election each Taxable Year.
Type of Plan. For the purpose of Code §401(a)(27) the Plan is designated as a profit- sharing plan that includes a cash or deferred arrangement qualified under Code §401(k). The Plan is also intended to be a Safe Harbor Plan under Code §§401(k)(12) and 401(m)(11), if so elected by a Plan Sponsor on its Adoption Agreement. For the purpose of Code §401(a)(4), the Plan is intended to be a multiple employer plan involving more than one Plan Sponsor. Plan Sponsors may or may not be Affiliates of one another. For the purpose of Code §414(e), the Plan Sponsors are each intended to be a church, convention or association of churches (within the meaning of Code §414(e)(3)(C)), or organization controlled by or associated with a church or a convention or association of churches (within the meaning of Code §414(e)(3)(D). Accordingly, the Plan Sponsors are intended to be one employer for the purpose of Code §414(e). Further, the Plan is intended to meet the requirements of a “church plan” as that term is defined in Code
Type of Plan. It is the intent of the Company that the Plan be a profit sharing plan as defined in Article 1165-1 of the Puerto Rico Income Tax Regulations and that it include a qualified cash or deferred arrangement pursuant to Section 1165(e) of PRIRC.
Type of Plan. The Agreement provides a life insurance benefit. Named Fiduciary, Plan Sponsor, Plan Administrator and Agent for Service of Legal Process. The Company is the named fiduciary, sponsor, Plan Administrator and agent for service of legal process for the Agreement. If you have any questions about the Agreement, you may contact:
