Payroll Deduction Contribution definition

Payroll Deduction Contribution means a contribution to the Plan by a Participant pursuant to a valid authorization for a Payroll Deduction.
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Payroll Deduction Contribution means a Contribution made by a Covered Participant via a payroll deduction IRA arrangement with a Participating Employer.
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Payroll Deduction Contribution means a Contribution made by an Onboarded Employee pursuant to a payroll deduction.
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Examples of Payroll Deduction Contribution in a sentence

  • When a Participant authorizes a Payroll Deduction of a specific amount, more than that amount will actually be withheld from his or her compensation to cover the withholding taxes due on the Payroll Deduction Contribution and Matching Contribution.

  • Results revealed that CD4+ cells are the most abundant cell type in perilesional skin of BP patients (Figure 3.7), corresponding well to the findings by IF staining.

  • Non-Payroll Contribution” means funds that an Account Holder remits outside of a Payroll Deduction Contribution.

  • Excess Aggregate Contributions (and investment income allocable thereto) shall be forfeited if forfeitable under the terms hereof, or, if nonforfeitable, shall be distributed to Participants on whose behalf Payroll Deduction Contribution or Company Matching Contribution were allocated for the preceding Plan Year 2 1/2-months after the end of each preceding Plan Year but no later that the close of the following Plan Year.

  • The hardship distribution shall not exceed 80% of the value of the Participant's Payroll Deduction Account, determined as of the most recent Valuation Date preceding the hardship distribution for which written valuation information is available, excluding earnings on Payroll Deduction Contribution earned after December 31, 1988.

  • If not forfeitable, Excess Aggregate Contributions shall be distributed from the Participant's Payroll Deduction Account in proportion to the Payroll Deduction Contribution and Company Matching Contribution for the Plan Year.

Related to Payroll Deduction Contribution

  • Payroll deduction means your premium is remitted to Aflac for you by your employer through a payroll deduction process or any other method agreed to by Aflac and the employer.

  • 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.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Matching Contribution means an employer contribution made to this or any other defined contribution plan on behalf of a participant on account of an Employee Contribution made by such participant, or on account of a participant's Elective Deferral, under a plan maintained by the employer.

  • Annual Contribution means the annual payment to the Fund made by each Member in return for Coverage by the Fund for a Fund Year;

  • Accumulated contributions means the sum of all

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Employer Contributions means the amount transferred by an employer to a funding account or a health reimbursement account.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.