Nonelective Contribution definition

Nonelective Contribution means an amount contributed by a participating

Nonelective Contribution means the Employer's contributions to the Plan.

Nonelective Contribution means an amount contributed by a participating employer into a participant's defined contribution account.

Examples of Nonelective Contribution in a sentence

• Your share of the nonelective contribution is determined by the following fraction: Nonelective Contribution X Your Compensation Total Compensation of All Participants Eligible to Share For example: Suppose the nonelective contribution for the Plan Year is $20,000.

• Your share of the nonelective contribution is determined by the following fraction: Nonelective Contribution X Your Compensation Total Compensation of All Participants Eligible toShare For example: Suppose the nonelective contribution for the Plan Year is $20,000.

• In no case shall the Employer Non-elective Contribution exceed the Contribution Limit of the Internal Revenue Code.

• In such event, the Plan Administrator will allocate the remaining forfeitures to pay Plan expenses, as an additional Discretionary Nonelective Contribution or as a Discretionary Matching Contribution, as the Plan Administrator determines.

• The balance in each Participant's Elective Deferral Account, Qualified Matching Contribution Account and Qualified Nonelective Contribution Account shall be fully Vested at all times and, except as otherwise provided herein, shall not be subject to Forfeiture for any reason.

More Definitions of Nonelective Contribution

Nonelective Contribution means an Employer fixed or discretionary contribution not made as a result of a Salary Reduction Agreement and which is not a Matching Contribution.

Nonelective Contribution means the Employer's contributions to the Plan other than Elective Deferrals, any Qualified Nonelective Contributions and any Qualified Matching Contributions. Employer matching contributions which are not Qualified Matching Contributions shall be considered a Nonelective Contribution for purposes of the Plan.

Nonelective Contribution means an Employer fixed or discretionary contribution not made as a result of a Participation Agreement and which is not a Matching Contribution. The Employer may provide for nonelective contributions.

Nonelective Contribution means the Employer's contributions to the Plan other than Elective Deferrals, any Qualified Nonelective Contributions and any Qualified Matching Contributions.

Nonelective Contribution means the amount available for allocation to particular Taxable Benefits and/or Nontaxable Benefits or for receipt as additional Eligible Earnings by a Participant pursuant to Section 5.28.240 A.

Nonelective Contribution means a fixed or discretionary Employer Contribution that is unrelated to a Participant’s Elective Deferrals.

Nonelective Contribution means any Employer contribution (including a contribution made at the Employer's discretion) to the Plan other than a Participant's Elective Deferrals, ADP Safe Harbor Contributions, Qualified Matching Contributions and Qualified Nonelective Contributions.