Additional Matching Contributions. (i) the matching rate may not increase as the Elective Deferral percentage increases; (ii) no HCE may be entitled to a greater rate of match than any NHCE; (iii) the Employer must limit Elective Deferrals taken into account for the Additional Matching Contributions to a maximum of 6% of Plan Year Compensation; (iv) the Plan must apply all Matching Contributions to Catch-Up Deferrals; and (v) in the case of a Discretionary Additional Matching Contribution, the contribution amount may not exceed 4% of the Participant's Plan Year Compensation.]
Appears in 5 contracts
Samples: Participation Agreement (Nci Building Systems Inc), Participation Agreement (Caterpillar Inc), Defined Contribution Prototype and Volume Submitter Plan and Trust
Additional Matching Contributions. (i) the matching rate may not increase as the Elective Deferral percentage increases; (ii) no HCE may be entitled to a greater rate of match than any NHCE; (iii) the Employer must limit Elective Deferrals taken into account for the Additional Matching Contributions to a maximum of 6% of Plan Year Compensation; (iv) the Plan must apply all Matching Contributions to Catch-Up Deferrals; and (v) in the case of a Discretionary Additional Matching Contribution, the contribution amount may not exceed 4% of the Participant's ’s Plan Year Compensation.]
Appears in 2 contracts
Samples: Adoption Agreement (Knowles Corp), PPD Adoption Agreement (Simpson Manufacturing Co Inc /Ca/)
Additional Matching Contributions. (i) the matching rate may not increase as the Elective Deferral percentage increases; : (ii) no HCE may be entitled to a greater rate of match than any NHCE; (iii) the Employer must limit Elective Deferrals taken into account for the Additional Matching Contributions to a maximum of 6% of Plan Year Compensation; (iv) the Plan must apply all Matching Contributions to Catch-Up up Deferrals; and (v) in the case of a Discretionary Additional Matching Contribution, the contribution amount may not exceed 4% of the Participant's ’s Plan Year Compensation.]
Appears in 1 contract
Samples: Prudential Adoption Agreement (Firstmerit Corp /Oh/)
