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.
Appears in 10 contracts
Samples: Adoption Agreement (Dreyfus Worldwide Dollar Money Market Fund Inc), Adoption Agreement Dreyfus Standardized (Dreyfus Growth Opportunity Fund Inc), Adoption Agreement Dreyfus Standardized (Dreyfus Global Bond Fund Inc)
Accounting for Excess Contributions. Excess Contributions Amounts distributed under this Section 3.4.2(D) shall first be distributed first from the Participant's account balance attributable to Elective Deferrals Account and (to the extent used in the Average Actual Deferral Percentage tests) Qualified Matching Contributions 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 shall be distributed from the Participant's Qualified Nonelective Contribution Contributions Account only to the extent that such Excess Contributions exceed the balance in the Participant's account balance attributable to Elective Deferrals Account and Qualified Matching ContributionsContributions Account.
Appears in 8 contracts
Samples: Merrill Lynch (Media 100 Inc), Adoption Agreement (MSC Industrial Direct Co Inc), Adoption Agreement (Innerdyne Inc)
Accounting for Excess Contributions. Excess Contributions Amounts distributed under this Section 3.4.2(D) shall first be distributed first from the Participant's account balance attributable to Elective Deferrals Account and (to the extent used in the Average Actual Deferral Percentage tests) Qualified Matching Contributions 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 shall be distributed from the Participant's Qualified Nonelective Contribution Nonelection Contributions Account only to the extent that such Excess Contributions exceed the balance in the Participant's account balance attributable to Elective Deferrals Account and Qualified Matching ContributionsContributions Account.
Appears in 1 contract
Samples: Adoption Agreement (Gadzooks Inc)
