Roth Contribution definition

Roth Contribution means a contribution described in Section 3.3.

Roth Contribution means a Pre-Tax Contribution or Pre-Tax Bonus Contribution made by an Employer to this Plan on behalf of a Participant and designated by the Participant as a Roth contribution (within the meaning of Section 402A(c) of the Code) pursuant to Section 3.1(e).

Roth Contribution means a contribution made to the Plan by the Employer at the election of a Participant pursuant to a Salary Reduction Agreement in accordance with Section 4.01, where the contribution has been (i) designated irrevocably by the Participant as a Roth Contribution being made in lieu of all or a portion of the Pre-Tax Contribution the Participant is otherwise eligible to make under the Plan, and (ii) treated by the Employer as includible in the Participant's gross income at the time the Participant would have received that amount in cash if the Participant had not made such an election. Roth Contributions shall be available under the Plan as soon as administratively practicable on or after January 1, 2020.

Examples of Roth Contribution in a sentence

• Gov’t Code 609.116 Qualified Investment Product Roth Contribution Programs Annuities—Section 403(b) Definitions Eligible CompanyTo be classified as a qualified investment product for a deferred compensation plan, an investment product must be approved by the plan administrator to receive investments under the plan.

• See the Roth Contribution Guide at wespath.org/assets/1/7/4834.pdf for more information about the tax implications of Roth account distributions.

• Any Rollover Contributions of amounts from a Qualified Roth Contribution Program shall be segregated and held in a separately designated and maintained Rollover Account from those amounts not from a Qualified Roth Contribution Program.

• Notwithstanding the foregoing, other than Rollover Contributions from a Qualified Roth Contribution Program as described in the preceding sentence, the Administrative Service Agency shall not accept any Rollover Contribution, or any portion thereof, that represents deferrals or contributions under another Eligible Retirement Plan that were made from compensation that was included in the Participant, Beneficiary or spousal Alternate Payee’s gross income in the year the amounts were deferred or contributed.

• Qualified Roth Contribution Program‌‌Under this program, an eligible employee can designate all or a portion of his or her elective deferrals as after-tax Roth contributions.

More Definitions of Roth Contribution

Roth Contribution means a contribution of Compensation to the Plan by a Participant in lieu of receiving such Compensation in cash, which is treated similar to a Pre-Tax Contribution but is subject to income taxes at the time of contribution.

Roth Contribution means a contribution that is (i) designated irrevocably by the Participant at the time of the election as a Roth contribution (within the meaning of Code Section 402A) that is being made in lieu of all or a portion of Salary Deferral Contributions the Participant is otherwise eligible to make under the Plan; and (ii) treated as includible in the Participant’s income at the time the Participant would have received that amount in cash if the Participant had not made a cash or deferred election.

Roth Contribution means a contribution to a Participant’s Account made pursuant to Section 2.8 of this Plan.

Roth Contribution means amounts contributed by the Employer at the election of a Participant that (i) have been irrevocably designated by the Participant as Roth deferrals pursuant to Article IV, and (ii) treated by the Employer as gross income at the time the Participant would have receive that amount in cash if the Participant had not made such election.

Roth Contribution means any contribution to a Member’s Account made by a Qualified Employer in accordance with a Member’s Salary Deferral Agreement that is includible in the Member’s gross income at the time deferred and that has been irrevocably designated as a Roth Contribution by the Member.

Roth Contribution means that portion of a Participant’s Elective Deferrals that the Participant designates as a Roth Contribution in the Participant’s Salary Reduction Agreement and that is contributed to the Plan on an after-tax basis in accordance with Section 4.01(b).

Roth Contribution means an amount contributed by a Participant to the Plan that is designated irrevocably by the Participant in a deferral agreement as a Roth Contribution that is being made in lieu of all or a portion of the Tax-Deferred Contributions the Participant is otherwise eligible to make under the Plan, and is treated by the Employer as includible in the Participant’s income at the time the Participant would have received that amount in cash if the Participant had not entered into a deferral agreement.