Examples of Allocation Period in a sentence
Employer contributions will be allocated based on the applicable Allocation Period.
The Employer may elect a different Allocation Period for each type of Employer contribution.
If the Employer elects to contribute and allocate separately ADP Safe Harbor Matching Contributions for an Allocation Period of less than the Plan Year (e.g., each payroll period or with respect to all payroll periods ending with or within each month or quarter of a Plan Year), then such ADP Safe Harbor Matching Contributions with respect to any Elective Deferrals made during a Plan Year quarter will be contributed to the Plan by the last day of the immediately following Plan Year quarter.
However, you should inform us of the change and check that the cover you have chosen is still appropriate and within the limits set out in 5.3.
Furthermore, the Administrator may elect to limit the allocations of QMACs only to Eligible Participants who are employed on the last day of the Allocation Period.