Contribution Allocation. The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04.
Contribution Allocation. 3.01 3.05 Forfeiture Allocation.....................................3.03 3.06
Contribution Allocation. Allocation formula. The primary allocation formulas are in Options (a), (b), (c) and (d). Option (a) is a Nonintegrated formula and allocates the employer contribution proportionate to total compensation. Options (b), (c) and (d) are alternatives for integrated plans. Usually option (a)(2) is chosen for non integrated plans. The two-tiered formula under Option (b) maximizes the disparity permitted under the integration rules. Accordingly, the allocation in the first tier results in an equal allocation percentage based on total compensation and based on excess compensation. This equal allocation percentage may not exceed the maximum disparity percentage (5.7%, 5.4%, or 4.3%) described in he second column of the Maximum Disparity Table. After completion of the first tier allocation, the second step allocates the remaining contribution proportionate to total compensation, in the same manner as the nonintegrated formula. Under the three-tiered formula under Option (c), the plan: (i) first allocates based on total compensation, but the allocation percentage may not exceed the maximum disparity percentage determined under the second column of the Maximum Disparity Table; (ii) then allocates based on excess compensation, but the allocation percentage may not exceed the maximum disparity percentage determined under the second column of the Maximum Disparity Table; and (iii) completes the allocation on the basis of total compensation. The four-tier allocation under Option (d) is a hybrid of Options (b) and (c). The sole purpose of Option (d) is to use the first tier to satisfy the 3% top heavy minimum, then use a progression of three additional tiers to make maximum use of the permitted disparity rules. The second tier allocates solely on the basis of excess compensation, with a maximum allocation under the second tier equal to 3% of each participant's excess compensation. The third tier is the same as the first tier under Option (b). The fourth tier is a prorata allocation based on total compensation.
Contribution Allocation. There are two approaches for allocating (dividing up) the contribution to participants. Option (a) mirrors the contribution formula chosen in Section 3.01. Option (a) must be chosen if the employer chose either integrated contribution formula 3.01(a) or (b) of if the employer chose 3.01(d)(2) or (d)(3).
Contribution Allocation. 3.01 3.05 Forfeiture Allocation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.03 3.06
Contribution Allocation. For contribution allocations under Article III.
Contribution Allocation. Part I - Matching Contributions. Select which account you want the matching contributions to be allocated to. The Regular Matching Account is subject to a vesting schedule. The Qualified Matching Account is always 100% vested and contributions may be used to satisfy the deferral non-discrimination test. Qualified Non-elective Contributions. Choose which participants would receive an extra contribution to help satisfy the non-discrimination test for deferrals (QNEC). For administrative convenience opton (2) is chosen.
Contribution Allocation. For contribution allocations under Article III. [n/a] (d) Exceptions. Except for the following Service: .
Contribution Allocation. The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04. Part I. [Options (a) through (d)]. Special Accounting Elections. (Choose whichever elections are applicable to the Employer's Plan) [ X] (a) Matching Contributions Account. The Advisory Committee will allocate matching contributions to a Participant's: (Choose (1) or (2); (3) is available only in addition to (1)) [ X] (1) Regular Matching Contributions Account. [ ] (2)
Contribution Allocation. For contribution allocations under Article III. [n/a] (d) Exceptions. Except for the following Service:_____________________ Name of Plan: Name of Participating Employer: Gold Banc Corporation, Inc. Gold Title Agency, L.L.C. ------------------------------------- ---------------------------------------- Employees' 401(k) Plan ________________________________________ -------------------------------------
