Highly Compensated Eligible Employee definition
Highly Compensated Eligible Employee or “HCE” means an Eligible Employee who is a “highly compensated employee” within the meaning of Section 414(q) of the Code (determined as if the election described in Section 414(q)(1)(B)(ii) of the Code has not been made), the provisions of which are incorporated herein by reference.
Highly Compensated Eligible Employee or "HCE" means a highly compensated active employee or a highly compensated former employee.
Highly Compensated Eligible Employee means, with respect to a Plan Year, any Employee from and after the time he is eligible to participate in the Plan, pursuant to the provisions of Article 3, and who is a Highly Compensated Employee for such Plan Year.
Examples of Highly Compensated Eligible Employee in a sentence
If a Highly Compensated Eligible Employee participates in any other qualified plan maintained by the Employer to which Matching Contributions are made, all such contributions for Plan Years ending with or within the same calendar year shall be aggregated for purposes of this Section.
For purposes of this Section, this Plan and any other Code Section 401(k) plan maintained by an Employer shall be treated as a single plan if such plans are treated as one plan for purposes of Section 401(a)(4) or 410(b) of the Code or if a Highly Compensated Eligible Employee participates in such other plan.
If a Highly Compensated Eligible Employee participates in two or more cash or deferred arrangements that have different plan years, all cash or deferred arrangements with Plan Years ending with or within the same calendar year shall be treated as a single arrangement.
More Definitions of Highly Compensated Eligible Employee
Highly Compensated Eligible Employee means an Eligible Employee who is (or is treated as) a Highly Compensated Employee.
Highly Compensated Eligible Employee means an Eligible Employee who:
Highly Compensated Eligible Employee means an Eligible Employee who is a Highly Compensated Employee.
Highly Compensated Eligible Employee means an Employee who is eligible to participate in the Plan as provided in Section 2.1 and who is a Highly Compensated Employee.
Highly Compensated Eligible Employee means any Eligible Employee who has satisfied the service requirement in Section 3.1(a), who performs services in the determination year, and who is in one or more of the following groups: (i) Employees who were five percent owners as determined in Code section 416(i)(1)(A)(iii) at any time during the determination year or the look-back year, or (ii) Employees with Code section 415 Compensation greater than $125,000 (for 2019, and adjusted for changes in the cost of living as set forth in Code section 415(d)) during the look-back year. Any former Employee who had a separation year prior to the determination year and was a highly compensated Eligible Employee as described in any of in the first sentence above for either (A) his separation year or (B) any determination year ending on or after this attainment of age 55 shall be considered a “highly compensated Eligible Employee”. For purposes of determining whether a person is a highly compensated Eligible Employee of an Employer with respect to a Plan Year, the term “determination year” means the Plan Year for which the determination is being made; the term “look-back year” means the twelve-month period immediately preceding the determination year; the term “top-paid group” means the top 20% of employees of the Employer ranked on the basis of Code Section 415 Compensation received during the year (provided, however, that when determining the number of employees in such group, employees described in Code section 414(q)(8) and Q&A 9(b) of Treasury regulation § 1.414(q)-1T are excluded); the Company’s Controlled Group is treated as a single Employer; and “separation year” means the determination year the Employee separates from service with the Employer.
Highly Compensated Eligible Employee means, with respect to any Plan Year, an Eligible Employee who is (or is treated as) a Highly Compensated Employee.
Highly Compensated Eligible Employee or “HCE” means an Eligible Employee who is a “highly compensated employee” within the meaning of Section 414(q) of the Code (determined as if the election described in Section 414(q)(1)(B)(ii) of the Code has not been made), the provision of which are incorporated herein by reference.