Contribution Allocation Sample Clauses

Contribution Allocation. 3.04). Employer nonelective contributions (3.04(A)). The Plan Administrator will allocate the Employer’s nonelective contribution under the following contribution allocation formula: (Choose one of (a), (b) or (c). Choose (d) if applicable) o (a) Nonintegrated (pro rata) allocation formula. þ (b) Permitted disparity. The following permitted disparity formula and definitions apply to the Plan: (Choose one of (1) or (2), Also choose (3)) þ (1) Two-tiered allocation formula. o (2) Four-tiered allocation formula. þ (3) For purposes of Section 3.04(b), “Excess Compensation” means Compensation in excess of: (Choose one of a. or b.) þ a. 100% of the taxable wage base in effect on the first day of the Plan Year, rounded to the next highest $ NA (not exceeding the taxable wage base). o b. The following integration level: . [Note: The integration level cannot exceed the taxable wage base in effect for the Plan Year for which this Adoption Agreement first is effective.] o (c) Uniform points allocation formula. Under the uniform points allocation formula, a Participant receives: (Choose (1) or both (1) and (2) as applicable) o (1) point(s) for each Year of Service. Year of Service means: ______. o (2) One point for each $ [not to exceed $200] increment of Plan Year Compensation. o (d) Incorporation of contribution formula. The Plan Administrator will allocate the Employer’s nonelective contribution under Section(s) 3.01(c)(2), (d)(1) or (e) in accordance with the contribution formula adopted by the Employer under that Section. Qualified nonelective contributions. (3.04(F)). The Plan Administrator will allocate the Employer’s qualified nonelective contributions to: (Choose one of (e) or (f)) þ (e) Nonhighly compensated Employees only. o (f) All Participants. Related Employers. (Choose (g) if applicable)
Contribution Allocation. Employer nonelective contributions (3.04(A)). The Plan Administrator will allocate the Employer’s nonelective contribution under the following contribution allocation formula: (Choose one of (a), (b) or (c). Choose (d) if applicable)
Contribution Allocation. 3.04). Employer nonelective contributions (3.04(A)). The Plan Administrator will allocate the Employer’s nonelective contribution under the following contribution allocation formula: (Choose one of (a), (b) or (c). Choose (d) if applicable) [X] (a) Nonintegrated (pro rata) allocation formula. [ ] (b) Permitted disparity. The following permitted disparity formula and definitions apply to the Plan: (Choose one of (1) or (2). Also choose (3)) [ ] (1) Two-tiered allocation formula. [ ] (2) Four-tiered allocation formula. [ ] (3) For purposes of Section 3.04(b), "Excess Compensation" means Compensation in excess of: (Choose one of a. or b.) [ ] a. ______% of the taxable wage base in effect on the first day of the Plan Year, rounded to the next highest $______ (not exceeding the taxable wage base). [ ] b. The following integration level: ________. [Note: The integration level cannot exceed the taxable wage base in effect for the Plan Year for which this Adoption Agreement first is effective.] [ ] (c) Uniform points allocation formula. Under the uniform points allocation formula, a Participant receives: (Choose (1) or both (1) and (2) as applicable) [ ] (1) ________ point(s) for each Year of Service. Year of Service means: ________. [ ] (2) One point for each $ [not to exceed $200] increment of Plan Year Compensation. [ ] (d) Incorporation of contribution formula. The Plan Administrator will allocate the Employer’s nonelective contribution under Section(s) 3.01(c)(2), (d)(1) or (e) in accordance with the contribution formula adopted by the Employer under that Section. Qualified nonelective contributions. (3.04(F)). The Plan Administrator will allocate the Employer’s qualified nonelective contributions to: (Choose one of (e) or (f)) [X] (e) Nonhighly compensated Employees only. [ ] (f) All Participants. Related Employers. (Choose (g) if applicable)
Contribution Allocation. 3.04).Employer nonelective contributions (3.04(A)). The Plan Administrator will allocate the Employer’s nonelective contribution under the following contribution allocation formula: (Choose one of (a), (b) or (c). Choose (d) if applicable)x (a) Nonintegrated (pro rata) allocation formula.o (b) Permitted disparity. The following permitted disparity formula and definitions apply to the Plan: (Choose one of (1) or (2). Also choose (3))o (1) Two-tiered allocation formula.o (2) Four-tiered allocation formula.o (3) For purposes of Section 3.04(b), “Excess Compensation” means Compensation in excess of: (Choose one of a. or b.)o a. ____% of the taxable wage base in effect on the first day of the Plan Year, rounded to the next highest $ ______ (not exceeding the taxable wage base).o b. The following integration level: ________. [Note: The integration level cannot exceed the taxable wage base in effect for the Plan Year for which this Adoption Agreement first is effective.]o (c) Uniform points allocation formula. Under the uniform points allocation formula, a Participant receives: (Choose (1) or both (1) and (2) as applicable)o (1) _____ point(s) for each Year of Service. Year of Service means: _______.o (2) One point for each $ ____ [not to exceed $200] increment of Plan Year Compensation.o (d) Incorporation of contribution formula. The Plan Administrator will allocate the Employer’s nonelective contribution under Section(s) 3.01(c)(2), (d)(1) or (e) in accordance with the contribution formula adopted by the Employer under that Section.Qualified nonelective contributions. (3.04(F)). The Plan Administrator will allocate the Employer’s qualified nonelective contributions to: (Choose one of (e) or (f))x (e) Nonhighly compensated Employees only.o (f) All Participants.Related Employers. (Choose (g) if applicable)o (g) Allocate only to directly employed Participants. If two or more Related Employers adopt this Plan, the Plan Administrator will allocate all nonelective contributions and forfeitures attributable to nonelective contributions only to the Participants directly employed by the contributing Employer. If a Participant receives Compensation from more than one contributing Employer, the Plan Administrator will determine the allocations under this Section 3.04 by prorating the Participant’s Compensation between or among the participating Related Employers. [Note: If the Employer does not elect 3.04(g), the Plan Administrator will allocate all nonelective contributi...
Contribution Allocation. 3.04).Employer nonelective contributions (3.04(A)).The Plan Administrator will allocate the Employer’s nonelective contribution under the following contribution allocation formula: (Choose one of (a), (b) or (c). Choose (d) if applicable)[n/a] (a) Nonintegrated (pro rata) allocation formula.[n/a] (b) Permitted disparity. The following permitted disparity formula and definitions apply to the Plan: (Choose one of (1) or (2). Also choose (3))[n/a] (1) Two-tiered allocation formula.[n/a] (2) Four-tiered allocation formula.[n/a] (3) For purposes of Section 3.04(b), “Excess Compensation” means Compensation in excess of: (Choose one of a. or b.)[n/a] a. % of the taxable wage base in effect on the first day of the Plan Year, rounded to the next highest $ (not exceeding the taxable wage base).[n/a] b. The following integration level: .[Note: The integration level cannot exceed the taxable wage base in effect for the Plan Year for which this Adoption Agreement first is effective.][n/a] (c) Uniform points allocation formula. Under the uniform points allocation formula, a Participant receives: (Choose (1) or both (1) and (2) as applicable)[n/a] (1) point(s) for each Year of Service. Year of Service means: .[n/a] (2) One point for each $ [not to exceed $200] increment of Plan Year Compensation.
Contribution Allocation. A) Method of Allocation. The Employer must specify in its Adoption Agreement the manner of allocating each annual Employer contribution to this Trust. (B) Top Heavy Minimum Allocation. The Plan must comply with the provisions of this Section 3.04(B), subject to the elections in the Employer's Adoption Agreement.
Contribution Allocation. Employer Contributions will be allocated in accordance with the method selected below.
Contribution Allocation. The employer must specify in its Adoption Agreement the manner of allocating each annual Employer contribution to this Trust.
Contribution Allocation