Corrective contributions definition

Corrective contributions means any contributions that are paid

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Corrective contributions means any contributions that are paid by an employer pursuant to section 38‑771.01, subsection C, paragraph 3 and that are attributable to employer contributions that should have been made for prior limitation years.

Corrective contributions means the contributions made by an Employer pursuant to Section 5.3.

Examples of Corrective contributions in a sentence

• Corrective contributions that replace missed Matching Contributions shall be referred to as “corrective employer nonelective contributions” and any such contributions that are allocated to the Account of a Participant shall be allocated to the Employer Contributions Account of the Participant.

• Corrective contributions that replace missed 401(k) Contributions shall be referred to as “qualified nonelective contributions” and any such corrective contributions that are allocated to the Account of a Participant shall be allocated to the Qualified Nonelective Contributions Account of that Participant.

• Corrective contributions that replace missed Toro Investment Fund Contributions and are allocated to the Account of a Participant shall also be allocated to the Employer Contributions Account of the Participant.

More Definitions of Corrective contributions

Corrective contributions means any contributions that are paid by 7 an employer pursuant to section 38-771.01, subsection C, paragraph 3 and that 8 are attributable to employer contributions that should have been made for 9 prior limitation years.