Voluntary Contribution. An Employee contribution by or on behalf of a Participant that is included in the Participant's gross income in the year in which made and that is maintained under a separate account to which earnings and losses are allocated. For Plan Years beginning after the Plan Year in which this Plan is adopted (or restated) by the Employer, Voluntary Contributions are only permitted in Standardized Adoption Agreement 003 or Nonstandardized Adoption Agreement 006 whether or not the Employer utilizes the salary deferral provisions. Voluntary Contributions for Plan Years beginning after 1986, together with any Matching Contributions as defined in Code Section 401(m), will be limited so as to meet the nondiscrimination test of Code Section 401(m).
Appears in 5 contracts
Samples: Cash or Deferred Profit Sharing Plan (Port Financial Corp), Profit Sharing Plan (First Keystone Corp), 401(k) Plan Document (Berkshire Hills Bancorp Inc)
