Safe Harbor Matching Contribution definition

Safe Harbor Matching Contribution means the Employer contribution made pursuant to Section 3.4.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Safe Harbor Matching Contribution means the fixed Matching Contribution that is contributed to the Plan in accordance with Section 4.02(b).

Safe Harbor Matching Contribution means any Matching Contribution designated as such and made to the Plan as provided in Article VI that meets the requirements of Code Section 401(k)(12)(B).

Examples of Safe Harbor Matching Contribution in a sentence

An Employer who amends a Safe Harbor Plan to either reduce or eliminate the Safe Harbor Matching Contribution under this paragraph or terminates the Plan during the Plan Year, must continue to comply with all of the Safe Harbor requirements of this paragraph until the amendment or Plan termination becomes effective.
A Safe Harbor Matching Contribution may not be used to satisfy the minimum contribution requirement for a Top-Heavy Plan.
A Plan that offers both a Safe Harbor Matching Contribution as well as an additional Matching Contribution which is specified below, must complete both Sections VII and VIII of the Adoption Agreement.
A Safe Harbor Matching Contribution may also be used to satisfy the minimum contribution requirement for a Top-Heavy Plan, provided no other contribution is made to the Plan for that Plan Year.
If the Employer fails to so elect, the Employer is deemed to have elected to compute its Safe Harbor Matching Contribution based on the Plan Year.

More Definitions of Safe Harbor Matching Contribution

Safe Harbor Matching Contribution means the contribution made by a Participating Employer in accordance with ss. 4.1(b).

Safe Harbor Matching Contribution means the matching contribution described in Section 6.3 that is intended to satisfy the ACP testing requirements described in Code section 401(m)(11).

Safe Harbor Matching Contribution means any Matching Employer Contribution designated as a Safe Harbor Matching Contribution and made to the Plan as provided in Section 5.3 hereof that meets the requirements of Code Section 401(k)(12)(B). The contribution period for a Safe Harbor Matching Contribution shall be each pay period.

Safe Harbor Matching Contribution means an amount contributed to the Plan by the Company and any Participating Affiliate in accordance with Section 3.10 of the Plan.

Safe Harbor Matching Contribution means an Employer Matching Contribution made under a Plan which is adopted using Adoption Agreement NS-2 and which meets all of the following requirements for the Plan Year for which the contribution is made:

Safe Harbor Matching Contribution means the Employer matching contribution made for Plan Years beginning on or after January 1, 2007, as described in Section III(C).

Safe Harbor Matching Contribution means the Employer contribution made to the Plan by the Employer on account of an Employee Deferral, effective January 1, 2025.