Designated Roth Contributions definition

Designated Roth Contributions means contributions made for the account of a participant in the Celera Plan or the Solstas Plan that were irrevocably designated by the participant as Roth contributions subject to Code Section 402A. A portion of a Celera Plan participant’s or a Solstas Plan participant’s Designated Roth Contributions may consist of Roth catch-up contributions under Code Section 414(v).
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Designated Roth Contributions means a Participant's Deferral Contributions that are includible in the Participant's gross income at the time deferred and have been irrevocably designated as Designated Roth Contributions by the Participant in his or her deferral election. A Participant's Designated Roth Contributions will be separately accounted for, as will gains and losses attributable to those Designated Roth Contributions. However, forfeitures may not be allocated to such account. The Plan must also maintain a record of a Participant's investment in the contract (i.e., Designated Roth Contributions that have not been distributed) and the year in which the Participant first made a Designated Roth Contribution.City of Chicago Deferred Compensation Plan Amended and Restated Plan Document (Effective September 5, 2014)
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Designated Roth Contributions means any Roth Elective Deferral made to the Plan and any “elective deferrals” made to anther plan that would be excludable from a Participant’s income, but for the Participant’s election to designate such contributions as Roth contributions and include them in income.
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Examples of Designated Roth Contributions in a sentence

  • This Subsection will apply to Designated Roth Contributions beginning on or after January 1, 2016.

  • The sub- account includes a separate account for Designated Roth Contributions.

  • This Subsection 2.08 will apply to Designated Roth Contributions beginning on or after July 1, 2013.

  • Contributions and withdrawals of Designated Roth Contributions will be credited and debited to the Roth Contribution Account maintained for each Participant.

  • A Participant may elect to designate in a whole percentage or dollar amount all or a portion of their Elective Contributions made on or after July 1, 2010 under Section 3.01 as Designated Roth Contributions.

  • In addition, if a Participant will attain age 50 before the close of the Plan Year and is unable to make Elective Contributions (including Designated Roth Contributions) due to the limitations imposed under Section 3.01, “catch-up” Designated Roth Contributions may be made for that Plan Year, not to exceed the applicable dollar amount for catch-up contributions in Section 3.01(b).

  • In making any such refunds, the Plan shall first refund the Participant’s Designated Roth Contributions and then, if applicable, and if necessary to comply with the limits in Section 3.08, refund the Participant’s pre-tax Elective Contributions.

  • Unless specifically stated otherwise, Designated Roth Contributions will be treated as Elective Contributions for all purposes under the Plan.

  • The term “Designated Roth Contributions Account” means the account established for each Participant to hold Designated Roth Contributions (including “catch-up” Designated Roth Contributions) and earnings thereon.

  • Notwithstanding any other provision of this Plan to the contrary, Designated Roth Contributions and Roth Rollovers of Elective Deferrals are not permitted to be made to this Plan until such time as the Board of Trustees specifically authorizes Designated Roth Contributions and Roth Rollovers of Elective Deferrals to be made to this Plan.


More Definitions of Designated Roth Contributions

Designated Roth Contributions means the amount of a Participant's Compensation that he or she elects to defer under the Plan on an after-tax basis, as provided in IRC section 402A. Designated Roth Contributions under the Plan are allowable only if elected by the Participating Employer in an Adoption Agreement or otherwise. The Participant may designate that all or part of his or her elective contributions under the Plan be treated as after-tax Designated Roth Contributions. Designated Roth Contributions shall be accounted for separately from all other contributions under the Plan.
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Designated Roth Contributions means “designated Roth contributions” within the meaning of Code section 402A(c)(1) made to the Plan pursuant to Subsection 4.02(h).
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Designated Roth Contributions means a participant’s deferred contributions are includable in the participant’s gross income at the time deferred and have been irrevocably designated as “Designated Roth Contributions” by the participant. The “Designated Roth Contributions” will be separately accounted for as will gains and losses attributable to those contributions.
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Related to Designated Roth Contributions

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Elective Contributions are amounts excludible from the Employee's gross income under Code Sections 125, 402(a)(8), 402(h) or 403(b), and contributed by the Employer, at the Employee's election, to a Code Section 401(k) arrangement, a Simplified Employee Pension, cafeteria plan or tax-sheltered annuity. The term "Compensation" does not include:

  • Member contributions means all amounts paid to ASRS by a member.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Matching Contributions means local cash and/or in-kind contributions made by the Subrecipient, subcontractor, or other local resources that qualify as match for the Contract funding.

  • Employer Contributions means the amount transferred by an employer to a funding account or a health reimbursement account.

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

  • Regular contributions means the amounts required to be

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • Contributions means the payroll deductions and other additional payments specifically provided for in the Offering that a Participant contributes to fund the exercise of a Purchase Right. A Participant may make additional payments into his or her account if specifically provided for in the Offering, and then only if the Participant has not already had the maximum permitted amount withheld during the Offering through payroll deductions.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • In-kind contributions means services and goods as approved by the department that are provided by a grant recipient toward completion of a department-approved local snowmobile program under section 82107.

  • Elective Contribution means the Employer's contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess "annual additions" pursuant to Section 4.10(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.6 shall be considered an Elective Contribution for purposes of the Plan. Any such contributions deemed to be Elective Contributions shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the discrimination requirements of Regulation 1.401(k)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Qualified Nonelective Contributions means contributions of the Plan Sponsor or an Affiliate, other than Matching Contributions or Elective Deferrals, which are nonforfeitable when made, and which would be nonforfeitable regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Code Section 401(k)(2)(B) and the regulations thereunder.

  • Participant Contributions means contributions made by the Participant pursuant to an executed Pay Reduction Agreement subject to the Participant Contribution limits contained in Article III.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.