Common use of Age Based Allocation Clause in Contracts

Age Based Allocation. Each eligible Participant shall receive an allocation of the Employer discretionary contribution based on the age of the Participant as shown in the table below: (Plans intending to provide a schedule that "increases smoothly" under Reg. 1.401(a)(4)-8 must enter percentages that increase, but not more than 5% points or by a ratio of 2.) Ages grouped in 10 year intervals: Attained Age Percentage of Compensation Less than 25 % 25 to 34 % 35 to 44 % 45 to 54 % 55 to 64 % 65 or older %

Age Based Allocation. Each eligible Participant shall receive an a allocation of the Employer discretionary contribution based on the age of the Participant as shown in the table below: (Plans intending to provide a schedule that "increases smoothly" under Reg. 1.401(a)(4)-8 must enter percentages that increase, but not more than 5% points or by a ratio of 2.) Ages grouped in 10 year intervals: Attained Age Percentage of Compensation Less than 25 % 25 to 34 % 35 to 44 % 45 to 54 % 55 to 64 % 65 ☐ i. Each Participant will receive: (Must select at least age or older %service.)

Age Based Allocation. Each eligible Participant shall receive an a allocation of the Employer discretionary contribution based on the age of the Participant as shown in the table below: (Plans intending to provide a schedule that "increases smoothly" under Reg. 1.401(a)(4)-8 must enter percentages that increase, but not more than 5% points or by a ratio of 2.) Ages grouped in 10 year intervals: Attained Age Percentage of Compensation Less than 25 % 25 to 34 % 35 to 44 % 45 to 54 % 55 to 64 % 65 or older %