Examples of Non-Highly Compensated Participant in a sentence
For the purposes of this section, a Highly Compensated Participant and a Non-Highly Compensated Participant shall include any Employee eligible to make a deferral election pursuant to this section, whether or not such deferral election was made or suspended pursuant to this Plan.
Non-Highly Compensated Participant" shall mean any Participant or former Participant who is not a Highly Compensated Participant.
Such contribution shall be allocated to the Participant's Elective Account of each Non-Highly Compensated Participant in the same proportion that each Non-Highly Compensated Participant's Compensation for the year bears to the total Compensation of all Non-Highly Compensated Participants.
To compute the total eligible salary, add the employee’s total state funded/self support salary to any eligible salary additions.
Such contribution shall be allocated for the year (or at the end of the prior Plan Year if the prior year testing method is used) to each Non-Highly Compensated Participant electing salary reductions pursuant to Section 4.2 in equal amounts (per capita).