Examples of Savings Contribution in a sentence
Participants, except for terminated participants, may also make in-service withdrawals from their Pre-Tax Savings Contribution Account in the event of a demonstrated severe financial hardship as defined by the IRS Safe Harbor rules.
Such election shall initially be effective beginning with the pay period following the acceptance of the Employee Savings Contribution agreement by the Administrator, shall not have retroactive effect and shall remain in force until revoked.
In addition, a participant in the Savings Plan who becomes a Participant during the Plan Year may elect, within thirty (30) days after the date he or she became a Participant, to make a Nonqualified Savings Contribution with respect to the remaining portion of the Plan Year by use of a Participant Enrollment Form.
Ideas @75 by Indian Council of Social Science Research (ICSSR) S.
Once made, a Nonqualified Savings Contribution payroll deduction election shall continue in force indefinitely, until changed by the Participant on a subsequent Participant Enrollment and Election Form.