Accounting for Excess Contributions. Excess Contributions shall be distributed first from the Participant's account balance attributable to Elective Deferrals and (to the extent used in the Average Actual Deferral Percentage tests) Qualified Matching Contributions in proportion to the Participant's Elective Deferrals and Qualified Matching Contributions for the Plan Year. Excess Contributions shall be distributed from the Participant's Qualified Nonelective Contribution Account only to the extent that such Excess Contributions exceed the Participant's account balance attributable to Elective Deferrals and Qualified Matching Contributions.
Accounting for Excess Contributions. Excess Contributions shall be distributed proportionately from the Participant's Elective Deferral Account and Qualified Matching Account in the same ratio that such Participant's Elective Deferrals and Qualified Matching Contributions for the Plan Year in which such Excess Contributions were made bears to the sum of the Participant's Elective Deferrals and Qualified Matching Contributions for such Plan Year. Excess Contributions shall be distributed from the Participant's Qualified Nonelective Account only to the extent that such Excess Contributions exceed the balance in the Participant's Elective Deferral Account and Qualified Matching Account. Notwithstanding the foregoing, Excess Contributions may be distributed from the applicable subaccounts in accordance with procedures established by the Plan Administrator provided such procedures do not result in discrimination in favor of Highly Compensated Employees which would be prohibited under Code section 401(a)(4).
Accounting for Excess Contributions. Excess Contributions allocated to a Participant will be distributed from the Participant’s Elective Deferral Account and QMAC Account in proportion to the Participant’s Elective Deferrals and QMACs (to the extent used in the ADP Test) for the Plan Year. Excess Contributions will be distributed from the Participant’s QNEC Account only to the extent that the Excess Contributions exceed the balance in the Participant’s Elective Deferral Account and QMAC Account.
Accounting for Excess Contributions. Excess Contributions shall be distributed from the Participant's Before Tax Contribution Account and Qualified Matching Contribution Account (if applicable) in proportion to the Participant's Before Tax Contributions and Qualified Matching Contributions (to the extent used in the ADP test) for the Plan Year. Excess Contributions shall be distributed from the participant's Qualified Non-elective Contribution Account only to the extent that such Excess Contributions exceed the balance in the Participant's Before Tax Contribution Account.
Accounting for Excess Contributions. Excess Contributions are distributed from the following sources and in the following priority:
Accounting for Excess Contributions. Amounts distributed under this Section shall first be treated as distributions from the Participant's Salary Deferral Contribution account and shall be treated as distributed from the Participant's Qualified Employer Deferral Contributions account only to the extent such Excess Contributions exceed the balance in the Participant's Salary Deferral Contribution account.
Accounting for Excess Contributions. Excess Contributions shall be ----------------------------------- distributed from the Participant's Elective Deferral account. Excess Contributions shall be distributed from the Participant's Qualified Non-elective Contribution account only to the extent that such Excess Contributions exceed the balance in the Participant's Elective Deferral account.
Accounting for Excess Contributions. Excess Contributions shall be distributed from the Participant's Pre-Tax Account for the Plan Year.
Accounting for Excess Contributions. Excess Contributions will be distributed from the Participant’s Elective Deferral Account and Qualified Matching Contribution Account in proportion to the Participant’s Elective Deferrals and Qualified Matching Contributions (to the extent used in the ADP Test) for the Plan Year. Excess Contributions will be distributed from the Participant’s Qualified Non-Elective Contribution Account only to the extent the Excess Contributions exceed the balance in the Participant’s Elective Deferral Account and Qualified Matching Contribution Account.
Accounting for Excess Contributions. Excess Contributions shall be distributed from the Participant's Elective Deferrals Account and Qualified Matching Contributions Account (if applic able) in proportion to the Participant's Elective Deferrals and Qualified Matching Contributions (to the extent used in the Actual Deferral Percentage test) for the Plan Year. Excess Contributions shall be distributed from the Participant's Qualified Non-elective Contribution Account only to the extent that such Excess Contribu tions exceed the balance in the Participant's Elective Deferrals Account and Qualified Matching Contributions Account. Excess Con tributions shall be treated as Annual Additions under the Plan.
