Examples of Salary Deferrals in a sentence
The IRS deferral limit applies to all Salary Deferrals you make in a given calendar year to this Plan or any other cash or deferred arrangement (including a cash or deferred arrangement maintained by an unrelated employer).
The IRS imposes limits on the amount you can contribute as Salary Deferrals during a calendar year.
If you make Salary Deferrals for a given year in excess of the deferral limit described above because you made Salary Deferrals under this Plan and a plan of an unrelated employer not maintaining this Plan, you must ask one of the plans to refund the excess amount to you.
For this purpose, a Participant who has made Salary Deferrals under the Plan will be treated as having a vested interest in the Plan.
The Employer will deposit any amounts withheld from a Participant’s Plan Compensation as Salary Deferrals into the Participant’s Salary Deferral Account under the Plan.