Xxxxx-Xxxxx Contribution Formula. (See Section 2.2(a)(1) of the BPD for rules regarding the application of the Xxxxx-Xxxxx Contribution Formula.) The Employer will make a contribution for each Eligible Participant’s Xxxxx-Xxxxx Act Service based on the hourly contribution rate for the Participant’s employment classification, as designated under Schedule A of this Agreement. The contributions under this formula will be allocated under the Pro Rata Allocation Formula under #21.a. below, but based on the amounts designated in Schedule A as attached to this Agreement. [If this d. is selected, #21.a. below also must be selected.] [ ] (1) The contributions under the Xxxxx-Xxxxx Contribution Formula will offset the following contributions under the Plan: [Check (a) and/or (b). If this (1) is not checked, contributions under the Xxxxx Xxxxx Contribution Formula will not offset any other Employer Contributions under the Plan.] [ ] (a) Employer Nonelective Contributions [ ] (b) Employer Matching Contributions (2) The default provisions under Section 2.2(a)(1) are modified as follows: _____ [Note: Any modification to the default provisions under (2) must satisfy the nondiscrimination requirements under §1.401(a)(4) of the regulations. Any modification under (2) will not allow the offset of any contributions to any other Plan.]
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Samples: 401(k) Plan Adoption Agreement (Mercantile Bancorp, Inc.), 401(k) Plan Adoption Agreement (Mercantile Bancorp, Inc.)
Xxxxx-Xxxxx Contribution Formula. (See Section 2.2(a)(1) of the BPD for rules regarding the application of the Xxxxx-Xxxxx Contribution Formula.) The Employer will make a contribution for each Eligible Participant’s Xxxxx-Xxxxx Act Service based on the hourly contribution rate for the Participant’s employment classification, as designated under Schedule A of this Agreement. The contributions under this formula will be allocated under the Pro Rata Allocation Formula under #21.a. below, but based on the amounts designated in Schedule A as attached to this Agreement. [If this d. is selected, #21.a. below also must be selected.] [ ] ]
(1) The contributions under the Xxxxx-Xxxxx Contribution Formula will offset the following contributions under the Plan: [Check (a) and/or (b). If this (1) is not checked, contributions under the Xxxxx Xxxxx Contribution Formula will not offset any other Employer Contributions under the Plan.] [ ] ]
(a) Employer Nonelective Contributions [ ] Contributions
(b) Employer Matching Contributions
(2) The default provisions under Section 2.2(a)(1) are modified as follows: _____ [Note: Any modification to the default provisions under (2) must satisfy the nondiscrimination requirements under §1.401(a)(4) of the regulations. Any modification under (2) will not allow the offset of any contributions to any other Plan.]
Appears in 1 contract
Samples: Defined Contribution Plan and Trust (National Penn Bancshares Inc)
Xxxxx-Xxxxx Contribution Formula. (See Section 2.2(a)(1) of the BPD for rules regarding the application of the Xxxxx-Xxxxx Contribution Formula.) The Employer will make a contribution for each Eligible Participant’s 's Xxxxx-Xxxxx Act Service based on the hourly contribution rate for the Participant’s 's employment classification, as designated under Schedule A of this Agreement. The contributions under this formula will be allocated under the Pro Rata Allocation Formula under #21.a. below, but based on the amounts designated in Schedule A as attached to this Agreement. [If this d. is selected, #21.a. below also must be selected.] [ ] ]
(1) The contributions under the Xxxxx-Xxxxx Contribution Formula will offset the following contributions under the Plan: [Check (a) and/or (b). If this (1) is not checked, contributions under the Xxxxx Xxxxx Contribution Formula will not offset any other Employer Contributions under the Plan.] [ ] ]
(a) Employer Nonelective Contributions [ ] Contributions
(b) Employer Matching Contributions
(2) The default provisions under Section 2.2(a)(1) are modified as follows: _____ [Note: Any modification to the default provisions under (2) must satisfy the nondiscrimination requirements under §Section 1.401(a)(4) of the regulations. Any modification under (2) will not allow the offset of any contributions to any other Plan.]
Appears in 1 contract
Samples: 401(k) Plan Adoption Agreement (Peoples Holding Co)
Xxxxx-Xxxxx Contribution Formula. (See Section 2.2(a)(1) of the BPD for rules regarding the application of the Xxxxx-Xxxxx Contribution Formula.) The Employer will make a contribution for each Eligible Participant’s Participant?s Xxxxx-Xxxxx Act Service based on the hourly contribution rate for the Participant’s Participant?s employment classification, as designated under Schedule A of this Agreement. The contributions under this formula will be allocated under the Pro Rata Allocation Formula under #21.a. 21 a. below, but based on the amounts designated in Schedule A as attached to this Agreement. [If this d. is selected, #21.a. below also must be selected.] [ ] ]
(1) The contributions under the Xxxxx-Xxxxx Contribution Formula will offset the following contributions under the Plan: [Check (a) and/or (b). If this (1) is not checked, contributions under the Xxxxx Xxxxx Contribution Formula will not offset any other Employer Contributions under the Plan.] [ ] ]
(a) Employer Nonelective Contributions [ ] Contributions
(b) Employer Matching Contributions
(2) The default provisions under Section 2.2(a)(1) are modified as follows: _____ [Note: Any modification to the default provisions under (2) must satisfy the nondiscrimination requirements under §1.401(a)(4?1.401(a) (4) of the regulations. Any modification under (2) will not allow the offset of any contributions to any other Plan.]
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Samples: Profit Sharing/401(k) Plan Adoption Agreement (Capital Corp of the West)