Elective Deferrals Account definition

Elective Deferrals Account. The Account established for a Participant pursuant to Section 3.8.1.
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Elective Deferrals Account means the account to which a Participant’s Elective Deferral Contributions, Catch-Up Contributions, and earnings and losses on such contributions are credited, to the extent such contributions are provided for in the Adoption Agreement.
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Elective Deferrals Account. 4 1.29 "Eligible Employee" 4 1.30 "Eligible Participant" 4 1.31 "Employee" 4 1.32 "Employee Thrift Contributions" 4 1.33 "Employee Thrift Contributions Account" 4 1.34 "Employer" 4 1.35 "Employer Account" 4 1.36 "Employer Contributions" 4 1.37 "Employer Contributions Account" 4 1.38 "Employment" 4 1.39 "Entry Date" 4 1.40 "ERISA" 4 1.41 "Excess Aggregate Contributions" 5 1.42 "Excess Contributions" 5 1.43 "Excess Elective Deferrals" 5 1.44 "Family Member" 5 1.45 "401(k) Contributions Accounts" 5 1.46 "401(k) Election" 5 1.47 "Fully Vested Separation" 5 1.48 "Group Trust" 5 1.49 "Highly Compensated Employee" 5 1.50 "Hour of Service" 6 1.51 "Immediately Distributable" 6 1.52 "Investment Manager" 6 1.53 "Key Employee" 6 TABLE OF CONTENTS
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Examples of Elective Deferrals Account in a sentence

  • Excess Contributions shall be distributed from the Participant's Qualified Nonelective Contributions Account only to the extent that such Excess Contributions exceed the balance in the Participant's Elective Deferrals Account and Qualified Matching Contributions Account.

  • Amounts distributed under this Section 3.4.2(D) shall first be distributed from the Participant's Elective Deferrals Account and Qualified Matching Contributions Account in proportion to the Participant's Elective Deferrals and Qualified Matching Contributions (to the extent used in the ADP Test) for the Plan Year.

  • A separate Elective Deferrals Account, Employee Thrift Contributions Account, Employer Contributions Account, Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Participant Voluntary Nondeductible Contributions Account, Qualified Matching Contributions Account, Qualified Nonelective Contributions Account, Rollover Contribution Account, and Transferred Account, as the case may be.

  • Any such contribution shall be credited to the Employee's Elective Deferrals Account.

  • Upon attaining age fifty-nine and one-half (59-1/2), a Participant may elect to withdraw all or any portion of his Elective Deferrals Account and/or Employer Matching Contributions Account, as of the last day of any month, even if he is still employed.

  • Excess Contributions shall be distributed from the Participating Employee's Qualified Non-Elective Contributions Account only to the extent that such Excess Contributions exceed the balance in the Participating Employee's Elective Deferrals Account and Matching Contributions Account.

  • The Participant’s Elective Deferrals Account shall be a bookkeeping account maintained by the Company and shall reflect the amount of the Elective Deferrals credited hereunder on behalf of the Participant.

  • The amount of any deemed investment earnings and losses on the amounts reflected in a Participant’s Elective Deferrals Account shall be credited or charged to his or her Elective Deferrals Account in accordance with Article 7.

  • Each Participant shall at all times have a one hundred percent (100%) vested and nonforfeitable interest in his or her Elective Deferrals Account.

  • The Committee shall establish and maintain an Elective Deferrals Account for each Participant who elects Elective Deferrals under this Article 4.


More Definitions of Elective Deferrals Account

Elective Deferrals Account means the account maintained on behalf of each Participant which will represent the amount of Elective Deferrals made on behalf of such Participant pursuant to Section 4.1 of the Plan and the amount of deemed investment earnings and losses on such Participant’s Elective Deferrals.
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Elective Deferrals Account means the accounts maintained to reflect the interest of the Participant in the Individual Agreement attributable to his Elective Deferrals.
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Elective Deferrals Account means the account to which a Participant’s pre-tax elective deferrals, pre-tax Catch-Up Contributions, and earnings and losses on such contributions are credited.
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Elective Deferrals Account means the Account that reflects a Participant's interest under the Plan attributable to Elective Deferrals. All Elective Deferrals Accounts are held under the 401(k) Portion.
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Elective Deferrals Account means an account maintained for a Participant which reflects the elective deferrals credited under the Plan for the benefit of the Participant pursuant to Section 3.1.
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Elective Deferrals Account means the Account established for a Participant pursuant to Section 3.08(a).
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Related to Elective Deferrals Account

  • 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 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.

  • Plan Year means the calendar year.