Deferral ratio definition

Deferral ratio means the ratio (expressed as a percentage) of (1) the amount of “includable contributions” made on behalf of an Active Participant for the Plan Year to (2) the Active Participant’s “testing compensation” for such Plan Year. An Active Participant who does not receive “includable contributions” for a Plan Year shall have a “deferral ratio” of zero.

Deferral ratio means, with respect to a Participant for a Plan Year, the ratio of (1) to (2), calculated to the nearest one-hundredth of one percent, where (1) is the Elective Deferrals paid to the Trust on behalf of the Participant for the Plan Year and (2) is the Participant’s Regulatory Compensation for the Plan Year. In determining Deferral Ratios, the following rules will apply:

Deferral ratio means the ratio (expressed as a percent- age) of (1) the amount of Includible Contributions made on behalf of an Eligible Participant for the Plan Year to (2) an Eligible Participant’s Compensation for such Plan Year. An Eligible Participant who does not receive Includible Contributions for a Plan Year shall have a Deferral Ratio of zero.

Examples of Deferral ratio in a sentence

• An Eligible Participant who does not receive Includible Contributions for a Plan Year shall have a Deferral Ratio of zero.

• To be included in determining an Eligible Participant’s Deferral Ratio for the Plan Year, Includible Contributions must be allocated to the Participant’s Account as of a date within such Plan Year and made before the last day of the 12-month period immediately following the Plan Year to which the Includible Contributions relate.

• It shall first be made with respect to Higher Compensated Employees with the highest Actual Deferral Ratio for the Plan Year and then with respect to Higher Compensated Employees with the next highest Actual Deferral Ratio for the Plan Year and so on, in descending order from the highest rate until the test in Section 3.04(b) is satisfied.

• The amount of a Highly Compensated Employee's Before-Tax Deposits in excess of the amount permitted under his or her revised Actual Deferral Ratio shall be added together.

• The Deferral Ratio requires FAs to defer a portion of their Total Credits—i.e., commissions—starting with the first dollar of revenue generated each month.

More Definitions of Deferral ratio

Deferral ratio means, with respect to an Eligible Employee for a Plan Year, the ratio calculated by dividing the amount determined under (a) below by the amount determined under (b) below.

Deferral ratio means, with respect to a Participant for a Plan Year, the ratio of(l) to (2), calculated to the nearest one-hundredth of one percent, where (1) is the Elective Deferrals paid to the Trust on behalf of the Participant for the Plan Year and (2) is the Participant's Regulatory Compensation for the Plan Year. In determining Deferral Ratios, the following rules will apply:

Deferral ratio means the ratio (expressed as a percentage) of (l) the amount of "includable contributions" made on behalf of an Active Participant for the Plan Year to (2) the Active Participant's "testing compensation" for such Plan Year. An Active Participant who does not receive "includable contributions" for a Plan Year shall have a "deferral ratio" of zero.

Deferral ratio means ratio, calculated separately for each Employee, the numerator of which shall be any salary reduction contribution to a qualified plan on such Employee's behalf, and the denominator of which shall be the Employee's Compensation for such Plan Year prior to such salary reduction contributions.

Deferral ratio means, with respect to

Deferral ratio means, with respect to a Participant for a Plan Year, the ratio of (1) to (2), calculated to the nearest one-hundredth of one percent, where (1) is the Salary Redirection Contributions paid to the Trust on behalf of the Participant and (2) is the Participant's Plan Compensation. In determining Deferral Ratios, the following rules will apply:

Deferral ratio means the percentage determined by dividing (a) the sum of a Participant's Salary Deferral Contributions for which no election has been made to apply such contributions in computing the Contribution Ratio of the Participant and any Unilateral Employer Contributions made on behalf of the Participant which the Employer elects to take into account in computing the Participant's Deferral Ratio for the Plan Year by (b) such Participant's compensation. For purposes of this definition, the term "compensation" shall mean an Employee's compensation, determined in any manner which satisfies Code Section 414(s). The Deferral Ratio shall be calculated to the nearest one