Qualified Nonelective Employer Contribution definition

Qualified Nonelective Employer Contribution means any contribution made by the Employer to the Plan on behalf of Non-Highly Compensated Employees in accordance with Section 5.07, that may be included in determining whether the Plan meets the "ADP" test described in Section 6.03 or the "ACP" test described in Section 6.06.
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Qualified Nonelective Employer Contribution means a contribution (other than an Employer Contribution) made for the benefit of a Participant by the Employer in its discretion.
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Qualified Nonelective Employer Contribution means any contribution made by the Employer to the Plan in accordance with Section 5.07.
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Examples of Qualified Nonelective Employer Contribution in a sentence

  • The Employer may contribute an amount which it designates as a Qualified Nonelective Employer Contribution for any permissible purpose, as provided in Section 5.07 of the Basic Plan Document.

  • Effective January 18, 2017, the Plan was amended to remove any provisions that would prevent utilizing forfeitures to fund any 401(k) Safe Harbor Matching Employer Contribution, 401(k) Safe Harbor Nonelective Employer Contribution, Qualified Matching Employer Contribution, or Qualified Nonelective Employer Contribution.

  • A Participant’s interest in his Employee Nondeductible Contribution Account, Employer Contribution Account, Elective Contribution Account, Nonelective Employer Contribution Account, Qualified Nonelective Employer Contribution Account and Accounts consist- ing of rollover/transfer contributions shall immediately become and at all times remain fully vested and nonforfeitable.

  • If the Adoption Agreement provides that the plan is a standardized 401(k)/profit sharing plan, the Employer may, in its discretion, make a Qualified Non-elective Employer Contribution for the Plan Year in any amount necessary to satisfy or help to satisfy the ADP test described in Section 12.6, provided that the conditions of section 1.401(k)-2(a)(6) of the Treasury Regulations are satis- fied.

  • If the Adoption Agreement provides that the plan is a standardized 401(k)/profit sharing plan, the Employer may, in its discretion, make a Qualified Nonelective Employer Contribution for the Plan Year in any amount necessary to satisfy or help to satisfy the ADP test described in Section 12.5, provided that the conditions of section 1.401(k)-2(a)(6) of the Treasury Regulations are satis- fied.


More Definitions of Qualified Nonelective Employer Contribution

Qualified Nonelective Employer Contribution means the Employer's Contribution, if any, made as a means of passing the Actual Deferral Percentage test or the Contribution Percentage test.
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Qualified Nonelective Employer Contribution means a contribution (other than an Employer Contribution) made for the benefit of a Participant
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Qualified Nonelective Employer Contribution means any contribution made by the Employer to the Plan on behalf of Non-Highly Compensated Employees in accordance with Section 5.07, that may be included in determining whether the Plan meets the "ADP" test described in Section 6.03 or the "ACP" test described in Section
Sample 1
Qualified Nonelective Employer Contribution means any contribution made by the Employer to the Plan on behalf of Non-Highly Compensated Employees in accordance with Section 5.07, that may be
Sample 1
Qualified Nonelective Employer Contribution means the Employer’s Contribution, if any, made as a means of passing the Actual Deferral Percentage test or the Contribution Percentage test, which contributions shall be fully vested at all times.
Sample 1
Qualified Nonelective Employer Contribution means any contribution made by the Employer to the Plan on behalf of Non-Highly
Sample 1

Related to Qualified Nonelective Employer Contribution

  • Matching Contribution means an Employer contribution made to this or any other defined contribution plan on behalf of a Participant on account of a Participant's Deferral Contribution.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Matching Contributions means local cash and/or in-kind contributions made by the Subrecipient, subcontractor, or other local resources that qualify as match for the Contract funding.

  • Employer Contributions means all amounts paid into ASRS by an

  • 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.

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

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

  • Elective Deferrals are all Salary Reduction Contributions and that portion of any Cash or Deferred Contribution which the Employer contributes to the Trust at the election of an Eligible Employee. Any portion of a Cash or Deferred Contribution contributed to the Trust because of the Employee's failure to make a cash election is an elective deferral. However, any portion of a Cash or Deferred Contribution over which the Employee does not have a cash election is not an elective deferral. Elective deferrals do not include amounts which have become currently available to the Employee prior to the election nor amounts designated as nondeductible contributions at the time of deferral or contribution.

  • Qualifying contribution means, with respect to a