Employee Deferrals definition
Examples of Employee Deferrals in a sentence
Employee Deferrals – Section 403(b) & 457(b) Pre-tax Deferral Election.
Employee Deferrals – Section 403(b) or 457(b) Pre-tax Deferral Election.
For purposes of this Plan, any series of installment distributions of Employee Deferrals shall be treated as a single distribution, in accordance with Treas.
Employee Deferrals $52,855.98 All calculations were performed with accepted actuarial practices based upon the participant and salary information and financial data which have been supplied by you.
If the Grandfathered Participant did not submit the change to the Plan Administrator in a timely fashion, the Grandfathered Participant’s vested Company Contribution Units and Employee Deferrals were deemed invested in the JPMorgan Prime Money Market Fund.
Notwithstanding Sections 2.4 and 3.3, a Grandfathered Participant shall receive payment of Company Contribution Units and Employee Deferrals deemed invested in the Investment Funds in cash.
If no election is made under this subsection (b), the distribution of any Employee Deferrals further deferred under subsection (a) above will be made in accordance with the previous method of distribution.
Effective for periods on or after January 1, 1999, Employee Deferrals and Contributions made during any Plan year shall be invested according to the designation of each Participant in Investment Funds as established by the Plan Administrator.
For example, if distributions are to be made in 10 annual installments commencing on April 1, 2015, the first distribution will be made to the Participant on, or as soon as administratively practicable after, April 1, 2015 and will equal 1/10 of the March 31, 2015, number of Phantom Shares attributable to Employee Deferrals in the Participant’s Account.
A Participant may request that all or any portion of the vested Company Contribution Units and/or Employee Deferrals credited to his or her Account be deemed invested in one or more of the Investment Funds offered under the Plan.