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Common use of Classifications allocation formula Clause in Contracts

Classifications allocation formula. The Employer in its Nonstandardized Plan or Volume Submitter Plan may elect to specify classifications of Participants to whom the Plan Administrator will allocate any Employer Contribution.

Appears in 4 contracts

Sources: Defined Contribution Prototype Plan and Trust Agreement (Bob Evans Farms Inc), 401(k) Plan Adoption Agreement (Knowles Corp), 401(k) Profit Sharing Plan (Nci Building Systems Inc)

Related Clauses

  • Capital Accounts Allocations
  • Other Allocations
  • Section 704(c) Allocations
  • Corrective Allocations
  • Allocation of Applied Realized Loss Amounts

Parent Clauses

  • Method of Allocation
  • Frozen Plan
  • Targeting Limitations
  • Participation Opt Out
  • Elective Deferrals as Employer Contributions

Sub-Clauses

  • Nonstandardized Plan
  • Volume Submitter
  • Shifting classifications within the Plan Year
  • Classifications
  • Allocation of contribution within classifications
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