Common use of CONTRIBUTION TYPES Clause in Contracts

CONTRIBUTION TYPES. (1.12). The Employer and/or Participants, in accordance with the Plan terms, make the following Contribution Types to the Plan/Trust (Choose one or more of (a) through (h) as applicable. Choose (i) if applicable): (a) [ ] Pre–Tax Deferrals. See Section 3.02 and Elections 20–23. (b) [ ] ▇▇▇▇ Deferrals. See Section 3.02(E) and Elections 20, 21, and 23. [Note: The Employer may not limit Elective Deferrals to ▇▇▇▇ Deferrals only.] (c) [ ] Matching. See Sections 1.34 and 3.03 and Elections 24–26. [Note: The Employer may make an Operational QMAC without electing 6(c). See Section 3.03(C)(2).] (d) [ ] Nonelective. See Sections 1.37 and 3.04 and Elections 27–29. [Note: The Employer may make an Operational QNEC without electing 6(d). See Section 3.04(C)(2).] (e) [ ] Safe Harbor/Additional Matching. The Plan is (or pursuant to a delayed election, may be) a safe harbor 401(k) Plan. The Employer will make (or under a delayed election, may make) Safe Harbor Contributions as it elects in Election 30. The Employer may or may not make Additional Matching Contributions as it elects in Election 30. See Election 26 as to matching Catch-Up Deferrals. See Section 3.05. (f) [ ] Employee (after–tax). See Section 3.09 and Election 35. (g) [ ] SIMPLE 401(k). The Plan is a SIMPLE 401(k) Plan. See Section 3.10. The Employer operationally will elect for each Plan Year to make a SIMPLE Matching Contribution or a SIMPLE Nonelective Contribution as described in Section 3.10(E). The Employer must notify Participants of the Employer's SIMPLE contribution election and of the Participants' deferral election rights and limitations within a reasonable period of time before the 60th day prior to the beginning of the Plan Year. [Note: The Employer electing 6(g) may not elect any other Contribution Types except under Elections 6(a), 6(b), and 6(h).] (h) [ ] Designated IRA. See Section 3.12 and Election 36. (i) [ ] None (frozen plan). The Plan is/was frozen effective as of: . See Sections 3.01(J) and 11.04. [Note: Elections 20 through 30 and Elections 35 through 37 do not apply to any Plan Year in which the Plan is frozen.]

Appears in 1 contract

Sources: Adoption Agreement

CONTRIBUTION TYPES. (1.12). The Employer and/or Participants, in accordance with the Plan terms, make the following Contribution Types contributions to the Plan/Trust Plan (Choose one or more of (a) through (hg). If the Employer has made election 3(b) as applicable. Choose indicating that the ERISA Safe Harbor Exemption applies, the only valid elections are (ib), (b)(1) if applicableor (g)): (a) [ [] Mandatory Employee Contributions. See Section 3.04(A)(3) and Election 18. (b) [X] Pre-Tax Elective Deferrals. See Section 3.02 and Elections 20–2319 – 21. (b1) [ [X] ▇▇▇▇ Deferrals. See Section 3.02(E3.02(F) and Elections 20, 19 – 21, and 23. [Note: The Employer may not limit Elective Deferrals to ▇▇▇▇ Deferrals only.] (c) [ [X] Matching. See Sections 1.34 1.36, 1.47, and 3.03 and Elections 24–2622, 23, 27, 28 and 32. [Note: The Employer may make an Operational QMAC without electing If the Plan is a safe harbor plan, choose 6(f) and do not choose 6(c). See Section 3.03(C)(2).] (d) [ [X] Nonelective. See Sections 1.37 1.48 and 3.04 and Elections 27–2925 through 28. [Note: The Employer may make an Operational QNEC without electing 6(d). See Section 3.04(C)(23.04(C)(1). If the only nonelective contributions are safe harbor contributions, choose 6(f) and do not choose 6(d).] (e) [ [] Employee (after-tax). See Section 3.09 and Election 32. (f) [] Safe Harbor/Additional Matching. The Plan is (or pursuant to a delayed election, may be) a safe harbor 401(k403(b) Plan. The Employer will make (or under a delayed election, may make) Safe Harbor Contributions as it elects in Election 3024. The Employer may or may not make Additional Matching Contributions as it elects in Election 30. See Election 26 as to matching Catch-Up Deferrals24. See Section 3.05. (f) [ ] Employee (after–tax). See Section 3.09 and Election 35. (g) [ ] SIMPLE 401(k). The Plan is a SIMPLE 401(k) Plan. See Section 3.10. The Employer operationally will elect for each Plan Year to make a SIMPLE Matching Contribution or a SIMPLE Nonelective Contribution as described in Section 3.10(E). The Employer must notify Participants of the Employer's SIMPLE contribution election and of the Participants' deferral election rights and limitations within a reasonable period of time before the 60th day prior to the beginning of the Plan Year. [Note: The Employer electing 6(g) may not elect any other Contribution Types except under Elections 6(a), 6(b), and 6(h).] (h) [ ] Designated IRA. See Section 3.12 and Election 36. (i) [ ] None (frozen plan). The Plan is/was frozen effective as of: . See Sections 3.01(J3.01(F) and 11.049.04. [Note: Elections 20 18 through 30 26 and Elections 35 through 37 Election 32 do not apply to any Plan Year in which the Plan is frozen.]

Appears in 1 contract

Sources: Adoption Agreement

CONTRIBUTION TYPES. (1.12). The Employer and/or Participants, in accordance with the Plan terms, make the following Contribution Types contributions to the Plan/Trust Plan (Choose one or more of (a) through (hg). If the Employer has made election 3(b) as applicable. Choose indicating that the ERISA Safe Harbor Exemption applies, the only valid elections are (ib), (b)(1) if applicableor (g)): (a) [ ] Mandatory Employee Contributions. See Section 3.04(A)(3) and Election 18. (b) [ ] Pre-Tax Elective Deferrals. See Section 3.02 and Elections 20–2319 – 21. (b1) [ ] ▇▇▇▇ Deferrals. See Section 3.02(E3.02(F) and Elections 20, 19 – 21, and 23. [Note: The Employer may not limit Elective Deferrals to ▇▇▇▇ Deferrals only.] (c) [ ] Matching. See Sections 1.34 1.36, 1.47, and 3.03 and Elections 24–2622, 23, 27, 28 and 32. [Note: The Employer may make an Operational QMAC without electing If the Plan is a safe harbor plan, choose 6(f) and do not choose 6(c). See Section 3.03(C)(2).] (d) [ ] Nonelective. See Sections 1.37 1.48 and 3.04 and Elections 27–2925 through 28. [Note: The Employer may make an Operational QNEC without electing 6(d). See Section 3.04(C)(23.04(C)(1). If the only nonelective contributions are safe harbor contributions, choose 6(f) and do not choose 6(d).] (e) [ ] Employee (after-tax). See Section 3.09 and Election 32. (f) [ ] Safe Harbor/Additional Matching. The Plan is (or pursuant to a delayed election, may be) a safe harbor 401(k403(b) Plan. The Employer will make (or under a delayed election, may make) Safe Harbor Contributions as it elects in Election 3024. The Employer may or may not make Additional Matching Contributions as it elects in Election 30. See Election 26 as to matching Catch-Up Deferrals24. See Section 3.05. (f) [ ] Employee (after–tax). See Section 3.09 and Election 35. (g) [ ] SIMPLE 401(k). The Plan is a SIMPLE 401(k) Plan. See Section 3.10. The Employer operationally will elect for each Plan Year to make a SIMPLE Matching Contribution or a SIMPLE Nonelective Contribution as described in Section 3.10(E). The Employer must notify Participants of the Employer's SIMPLE contribution election and of the Participants' deferral election rights and limitations within a reasonable period of time before the 60th day prior to the beginning of the Plan Year. [Note: The Employer electing 6(g) may not elect any other Contribution Types except under Elections 6(a), 6(b), and 6(h).] (h) [ ] Designated IRA. See Section 3.12 and Election 36. (i) [ ] None (frozen plan). The Plan is/was frozen effective as of: . See Sections 3.01(J3.01(F) and 11.049.04. [Note: Elections 20 18 through 30 26 and Elections 35 through 37 Election 32 do not apply to any Plan Year in which the Plan is frozen.]] FINAL

Appears in 1 contract

Sources: Adoption Agreement

CONTRIBUTION TYPES. (1.12). The Employer and/or Participants, in accordance with the Plan terms, make the following Contribution Types contributions to the Plan/Trust Plan (Choose one or more of (a) through (hg). If the Employer has made election 3(b) as applicable. Choose indicating that the ERISA Safe Harbor Exemption applies, the only valid elections are (ib), (b)(1) if applicableor (g)): (a) [ ] Mandatory Employee Contributions. See Section 3.04(A)(3) and Election 18. (b) [X] Pre-Tax Elective Deferrals. See Section 3.02 and Elections 20–2319 – 21. (b1) [ [X] ▇▇▇▇ Deferrals. See Section 3.02(E3.02(F) and Elections 20, 19 – 21, and 23. [Note: The Employer may not limit Elective Deferrals to ▇▇▇▇ Deferrals only.] (c) [ [X] Matching. See Sections 1.34 1.36, 1.47, and 3.03 and Elections 24–2622, 23, 27, 28 and 32. [Note: The Employer may make an Operational QMAC without electing If the Plan is a safe harbor plan, choose 6(f) and do not choose 6(c). See Section 3.03(C)(2).] (d) [ [X] Nonelective. See Sections 1.37 1.48 and 3.04 and Elections 27–2925 through 28. [Note: The Employer may make an Operational QNEC without electing 6(d). See Section 3.04(C)(23.04(C)(1). If the only nonelective contributions are safe harbor contributions, choose 6(f) and do not choose 6(d).] (e) [ ] Employee (after-tax). See Section 3.09 and Election 32. (f) [ ] Safe Harbor/Additional Matching. The Plan is (or pursuant to a delayed election, may be) a safe harbor 401(k403(b) Plan. The Employer will make (or under a delayed election, may make) Safe Harbor Contributions as it elects in Election 3024. The Employer may or may not make Additional Matching Contributions as it elects in Election 30. See Election 26 as to matching Catch-Up Deferrals24. See Section 3.05. (f) [ ] Employee (after–tax). See Section 3.09 and Election 35. (g) [ ] SIMPLE 401(k). The Plan is a SIMPLE 401(k) Plan. See Section 3.10. The Employer operationally will elect for each Plan Year to make a SIMPLE Matching Contribution or a SIMPLE Nonelective Contribution as described in Section 3.10(E). The Employer must notify Participants of the Employer's SIMPLE contribution election and of the Participants' deferral election rights and limitations within a reasonable period of time before the 60th day prior to the beginning of the Plan Year. [Note: The Employer electing 6(g) may not elect any other Contribution Types except under Elections 6(a), 6(b), and 6(h).] (h) [ ] Designated IRA. See Section 3.12 and Election 36. (i) [ ] None (frozen plan). The Plan is/was frozen effective as of: . See Sections 3.01(J3.01(F) and 11.049.04. [Note: Elections 20 18 through 30 26 and Elections 35 through 37 Election 32 do not apply to any Plan Year in which the Plan is frozen.]

Appears in 1 contract

Sources: Adoption Agreement

CONTRIBUTION TYPES. (1.12). The Employer and/or Participants, in accordance with the Plan terms, make the following Contribution Types contributions to the Plan/Trust Plan (Choose one or more of (a) through (h) as applicable. Choose (i) if applicableg)): (a) [ ] Mandatory Employee Contributions. See Section 3.04(A)(3) and Election 18.‌ (b) [X] Pre-Tax Elective Deferrals. See Section 3.02 and Elections 20–2319 - 21. (b1) [ [X] ▇▇▇▇ Deferrals. See Section 3.02(E3.02(F) and Elections 20, 19 - 21, and 23. [Note: The Employer may not limit Elective Deferrals to ▇▇▇▇ Deferrals only.] (c) [ [X] Matching. See Sections 1.34 1.36, 1.47, and 3.03 and Elections 24–2622, 23, 27, 28 and 32. [Note: The Employer may make an Operational QMAC without electing If the Plan is a safe harbor plan, choose 6(f) and do not choose 6(c). See Section 3.03(C)(2).] (d) [ ] Nonelective. See Sections 1.37 1.48 and 3.04 and Elections 27–2925 through 28. [Note: The Employer may make an Operational QNEC without electing 6(d). See Section 3.04(C)(23.04(C)(1). If the only nonelective contributions are safe harbor contributions, choose 6(f) and do not choose 6(d).] (e) [ ] Employee (after-tax). See Section 3.09 and Election 32. (f) [ ] Safe Harbor/Additional Matching. The Plan is (or pursuant to a delayed election, may be) a safe harbor 401(k403(b) Plan. The Employer will make (or under a delayed election, may make) Safe Harbor Contributions as it elects in Election 3024. The Employer may or may not make Additional Matching Contributions as it elects in Election 30. See Election 26 as to matching Catch-Up Deferrals24. See Section 3.05. (f) [ ] Employee (after–tax). See Section 3.09 and Election 35. (g) [ ] SIMPLE 401(k). The Plan is a SIMPLE 401(k) Plan. See Section 3.10. The Employer operationally will elect for each Plan Year to make a SIMPLE Matching Contribution or a SIMPLE Nonelective Contribution as described in Section 3.10(E). The Employer must notify Participants of the Employer's SIMPLE contribution election and of the Participants' deferral election rights and limitations within a reasonable period of time before the 60th day prior to the beginning of the Plan Year. [Note: The Employer electing 6(g) may not elect any other Contribution Types except under Elections 6(a), 6(b), and 6(h).] (h) [ ] Designated IRA. See Section 3.12 and Election 36. (i) [ ] None (frozen plan). The Plan is/was frozen effective as of: . See Sections 3.01(J3.01(F) and 11.049.04. [Note: Elections 20 18 through 30 26 and Elections 35 through 37 Election 32 do not apply to any Plan Year in which the Plan is frozen.]

Appears in 1 contract

Sources: Adoption Agreement

CONTRIBUTION TYPES. (1.12). The Employer and/or Participants, in accordance with the Plan terms, make the following Contribution Types contributions to the Plan/Trust Plan (Choose one or more of (a) through (h) as applicable. Choose (i) if applicableg)): (a) [ ] Mandatory Employee Contributions. See Section 3.04(A)(3) and Election 18. (b) [X] Pre-Tax Elective Deferrals. See Section 3.02 and Elections 20–2319 - 21. (b1) [ ] ▇▇▇▇ Deferrals. See Section 3.02(E3.02(F) and Elections 20, 19 - 21, and 23. [Note: The Employer may not limit Elective Deferrals to ▇▇▇▇ Deferrals only.] (c) [ [X] Matching. See Sections 1.34 1.36, 1.47, and 3.03 and Elections 24–2622, 23, 27, 28 and 32. [Note: The Employer may make an Operational QMAC without electing If the Plan is a safe harbor plan, choose 6(f) and do not choose 6(c). See Section 3.03(C)(2).] (d) [ ] Nonelective. See Sections 1.37 1.48 and 3.04 and Elections 27–2925 through 28. [Note: The Employer may make an Operational QNEC without electing 6(d). See Section 3.04(C)(23.04(C)(1). If the only nonelective contributions are safe harbor contributions, choose 6(f) and do not choose 6(d).] (e) [ ] Employee (after-tax). See Section 3.09 and Election 32. (f) [ ] Safe Harbor/Additional Matching. The Plan is (or pursuant to a delayed election, may be) a safe harbor 401(k403(b) Plan. The Employer will make (or under a delayed election, may make) Safe Harbor Contributions as it elects in Election 3024. The Employer may or may not make Additional Matching Contributions as it elects in Election 30. See Election 26 as to matching Catch-Up Deferrals24. See Section 3.05. (f) [ ] Employee (after–tax). See Section 3.09 and Election 35. (g) [ ] SIMPLE 401(k). The Plan is a SIMPLE 401(k) Plan. See Section 3.10. The Employer operationally will elect for each Plan Year to make a SIMPLE Matching Contribution or a SIMPLE Nonelective Contribution as described in Section 3.10(E). The Employer must notify Participants of the Employer's SIMPLE contribution election and of the Participants' deferral election rights and limitations within a reasonable period of time before the 60th day prior to the beginning of the Plan Year. [Note: The Employer electing 6(g) may not elect any other Contribution Types except under Elections 6(a), 6(b), and 6(h).] (h) [ ] Designated IRA. See Section 3.12 and Election 36. (i) [ ] None (frozen plan). The Plan is/was frozen effective as of: . See Sections 3.01(J3.01(F) and 11.049.04. [Note: Elections 20 18 through 30 26 and Elections 35 through 37 Election 32 do not apply to any Plan Year in which the Plan is frozen.]

Appears in 1 contract

Sources: Adoption Agreement