Common use of Allocation Methodology Clause in Contracts

Allocation Methodology. In the event that Reimbursement Budget Account credits are allocated to Allocation Recipients, the Plan Administrator directs the Plan’s service provider to allocate shares of the Reimbursement Budget Account credits to the Allocation Recipients on a business day (the “Allocation Date”) which shall occur not later than the last day of the Plan Year. Each Allocation Recipient will receive a pro-rata share of the total Reimbursement Budget Account credits in the same proportion that each Allocation Recipient’s account balance as of the Allocation Date bears to the total balance of all Allocation Recipients’ accounts as of the Allocation Date. The Reimbursement Budget Account credits will be allocated among contribution sources pro-rata based on the sources in which the Allocation Recipient has a balance on the Allocation Date and among investment options based on the investment selection percentages in effect as of the Allocation Date for each such contribution source. The Plan Sponsor hereby directs MassMutual to process the transactions described below pursuant to the procedures outlined in the Plan Administrator’s Guide or which are provided to the plan sponsor for review. MassMutual has no discretion with regard to processing these transactions, and there will be no deviation from these procedures without the Plan Sponsor's written direction. MassMutual may subcontract certain aspects of these approval services to other vendors. Service Fee Fee Paid By Hardships Withdrawals: Review Withdrawal Request based on election in the Plan document $160 per approval request plus disbursement charge Participant Plan Sponsor Domestic Relations Orders:  Determine that order satisfies IRS Requirement for a Qualified Domestic Relations Order $350 per approval request, plus disbursement charge Participant $350 if the request is rescinded or closed Participant In Service Withdrawal Refer to Exhibit disbursement charge D for Refer To Exhibit D Rollover: The Plan will accept eligible rollover distributions from: (Check all that apply.)  a qualified plan described in Code Section 401(a) (including a 401(k) plan, profit sharing plan, defined benefit plan, stock bonus plan and money purchase plan), excluding after-tax employee contributions.  a qualified plan described in Code Section 401(a) (including a 401(k) plan, profit sharing plan, defined benefit plan, stock bonus plan and money purchase plan), including after-tax employee contributions.  a plan described in Code Section 403(a) (an annuity plan), excluding after-tax employee contributions.  a plan described in Code Section 403(a) (an annuity plan), including after-tax employee contributions.  a plan described in Code Section 403(b) (a tax-sheltered annuity), excluding after-tax employee contributions.  a plan described in Code Section 403(b) (a tax-sheltered annuity), including after-tax employee contributions.  if the Plan permits ▇▇▇▇ Elective Deferrals, a ▇▇▇▇ elective deferral account from (select all that apply): 1.  a qualified plan described in Code Section 401(a). 2.  a plan described in Code Section 403(b) (a tax-sheltered annuity).  an eligible plan described in Code Section 457(b) (a deferred compensation plan) which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state.  a rollover contribution of the portion of a distribution from a traditional ▇▇▇ that is eligible to be rolled over and would otherwise be includible in gross income. Rollovers from ▇▇▇▇ IRAs or a ▇▇▇▇▇▇▇▇▇ Education Savings Account (formerly known as an Education ▇▇▇) are not permitted because they are not traditional IRAs. A rollover from a SIMPLE ▇▇▇ is allowed if the amounts are rolled over after the individual has been in the SIMPLE ▇▇▇ for at least two years. Refer to Exhibit disbursement charge D for Not Applicable Unforeseen Emergency Distribution* $160 per approval request plus disbursement charges Participant Understanding fees is a necessary step in assessing whether or not they are reasonable compensation for the services associated with them. The types of fees described below may be associated with one or more service(s) related to your plan.

Allocation Methodology. In the event that Reimbursement Expense Budget Account credits are allocated to Allocation Recipients, the Plan Administrator directs the Plan’s service provider to allocate shares of the Reimbursement Expense Budget Account credits to the Allocation Recipients on a business day (the “Allocation Date”) which shall occur not later than the last day of the Plan Year. Each Allocation Recipient will receive a pro-rata share of the total Reimbursement Expense Budget Account credits in the same proportion that each Allocation Recipient’s account balance as of the Allocation Date bears to the total balance of all Allocation Recipients’ accounts as of the Allocation Date. The Reimbursement Expense Budget Account credits will be allocated among contribution sources pro-rata based on the sources in which the Allocation Recipient has a balance on the Allocation Date and among investment options based on the investment selection percentages in effect as of the Allocation Date for each such contribution source. The Plan Sponsor hereby directs MassMutual to process the transactions described below pursuant to the procedures outlined in the Plan Administrator’s Guide or which are provided to the plan sponsor for review. MassMutual has no discretion with regard to processing these transactions, and there will be no deviation from these procedures without the Plan Sponsor's written direction. MassMutual may subcontract certain aspects of these approval services to other vendors. Service Fee Fee Paid By Hardships Residential Loans:  Review Loan Application  Apply IRS Limits  Prepare and Mail Check.  ACH Option for Terminated Participants Not Applicable Not Applicable Unforeseen Emergency Withdrawals: Review Withdrawal Request based on election in  Apply Safe Harbor Rules $0 per approval* Not Applicable $0* review fee applies if the Plan document $160 per approval request plus disbursement charge Participant Plan Sponsor is denied or closed Not Applicable Domestic Relations Orders:  Determine that order satisfies IRS Requirement for a Qualified Domestic Relations Order $350 350/per approval request, plus disbursement charge request Split equally between the Participant $350 if the request is rescinded or closed Participant and Alternate Payee In Service Withdrawal Refer to Exhibit disbursement charge D for Refer To Exhibit D Not Applicable Not Applicable Rollover: The Plan will accept eligible rollover distributions from: (Check all that apply.)  a qualified plan described in Code Section 401(a) (including a 401(k) plan, profit sharing plan, defined benefit plan, stock bonus plan and money purchase plan), excluding after-tax employee contributions.  a qualified plan described in Code Section 401(a) (including a 401(k) plan, profit sharing plan, defined benefit plan, stock bonus plan and money purchase plan), including after-tax employee contributions.  a plan described in Code Section 403(a) (an annuity plan), excluding after-tax employee contributions.  a plan described in Code Section 403(a) (an annuity plan), including after-tax employee contributions.  a plan described in Code Section 403(b) (a tax-sheltered annuity), excluding after-tax employee contributions.  a plan described in Code Section 403(b) (a tax-sheltered annuity), including after-tax employee contributions.  if the Plan permits ▇▇▇▇ Elective Deferrals, a ▇▇▇▇ elective deferral account from (select all that apply): 1.  a qualified plan described in Code Section 401(a). 2.  a plan described in Code Section 403(b) (a tax-sheltered annuity).  an eligible plan described in Code Section 457(b) (a deferred compensation plan) which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state.  a rollover contribution of the portion of a distribution from a traditional ▇▇▇ that is eligible to be rolled over and would otherwise be includible in gross income. Rollovers from ▇▇▇▇ IRAs or a ▇▇▇▇▇▇▇▇▇ Education Savings Account (formerly known as an Education ▇▇▇) are not permitted because they are not traditional IRAs. A rollover from a SIMPLE ▇▇▇ is allowed if the amounts are rolled over after the individual has been in the SIMPLE ▇▇▇ for at least two years. Refer to Exhibit disbursement charge D for Not Applicable Unforeseen Emergency Distribution* $160 per approval request plus disbursement charges Participant Not Applicable Plan #’s:  All plans  Affects these plans only: Subscriber #’s:  All subscribers  Affects these subscribers only:  Data Entry via the Sponsor Website  Contribution File Only  Electronic File Submittal  Contribution  Demographic  Compensation By signing this authorization my organization is committed to providing accurate data to Mass Mutual on a timely basis. I understand that data integrity is critical and we will continually work with our payroll department and/or vendor to provide accurate data and resolve data issues. Understanding fees is a necessary step in assessing whether or not they are reasonable compensation for the services associated with them. The types of fees described below may be associated with one or more service(s) related to your plan.