{"component": "clause", "props": {"groups": [{"snippet": "(PLAN) FRACTION A Fraction, the numerator of which is the sum of the Annual Additions to the Participant's account under all the Defined Contribution Plans (whether or not terminated) maintained by the Employer for the current and all prior Limitation Years (including the Annual Additions attributable to the Participant's nondeductible Employee contributions to all Defined Benefit Plans, whether or not terminated, maintained by the Employer, and the Annual Additions attributable to all Welfare Benefit Funds, as defined in paragraph 1.89 and individual medical accounts, as defined in Code Section 415(1)(2), maintained by the Employer), and the denominator of which is the sum of the maximum aggregate amounts for the current and all prior Limitation Years of service with the Employer (regardless of whether a Defined Contribution Plan was maintained by the Employer). The maximum aggregate amount in the Limitation Year is the lesser of 125 percent of the dollar limitation determined under Code Sections 415(b) and (d) in effect under Code Section 415(c)(1)(A) or 35 percent of the Participant's Compensation for such year. If the Employee was a Participant as of the end of the first day of the first Limitation Year beginning after December 31, 1986, in one or more Defined Contribution Plans maintained by the Employer which were in existence on May 6, 1986, the numerator of this fraction will be adjusted if the sum of this fraction and the Defined Benefit Fraction would otherwise exceed 1.0 under the terms of this Plan. Under the adjustment, an amount equal to the product of (a) the excess of the sum of the fractions over 1.0 times (b) the denominator of this fraction will be permanently subtracted from the numerator of this fraction. The adjustment is calculated using the fractions as they would be computed as of the end of the last Limitation Year beginning before January 1, 1987, and disregarding any changes in the terms and conditions of the Plan made after May 6, 1986, but using the Section 415 limitation applicable to the first Limitation Year beginning on or after January 1, 1987. The Annual Addition for any Limitation Year beginning before January 1, 1987, shall not be re-computed to treat all Employee Contributions as Annual Additions.", "samples": [{"hash": "igjZUVtucFZ", "uri": "/contracts/igjZUVtucFZ#defined-contribution", "label": "Cash or Deferred Profit Sharing Plan (Port Financial Corp)", "score": 18.0, "published": true}, {"hash": "fXiwy4kb577", "uri": "/contracts/fXiwy4kb577#defined-contribution", "label": "401(k) Plan Document (Berkshire Hills Bancorp Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "sum-of", "type": "clause", "offset": [58, 64]}, {"key": "annual-additions", "type": "definition", "offset": [69, 85]}, {"key": "the-participant", "type": "clause", "offset": [89, 104]}, {"key": "defined-contribution-plans", "type": "definition", "offset": [129, 155]}, {"key": "the-current", "type": "clause", "offset": [215, 226]}, {"key": "contributions-to", "type": "clause", "offset": [347, 363]}, {"key": "defined-benefit-plans", "type": "definition", "offset": [368, 389]}, {"key": "benefit-funds", "type": "clause", "offset": [499, 512]}, {"key": "code-section", "type": "definition", "offset": [590, 602]}, {"key": "maximum-aggregate-amounts", "type": "definition", "offset": [690, 715]}, {"key": "service-with-the-employer", "type": "clause", "offset": [766, 791]}, {"key": "limitation-year", "type": "definition", "offset": [912, 927]}, {"key": "lesser-of", "type": "definition", "offset": [935, 944]}, {"key": "dollar-limitation", "type": "definition", "offset": [964, 981]}, {"key": "in-effect", "type": "clause", "offset": [1028, 1037]}, {"key": "compensation-for", "type": "clause", "offset": [1105, 1121]}, {"key": "the-employee", "type": "clause", "offset": [1136, 1148]}, {"key": "a-participant", "type": "clause", "offset": [1153, 1166]}, {"key": "day-of", "type": "clause", "offset": [1194, 1200]}, {"key": "after-december", "type": "clause", "offset": [1237, 1251]}, {"key": "plans-maintained-by-the-employer", "type": "clause", "offset": [1298, 1330]}, {"key": "in-existence", "type": "definition", "offset": [1342, 1354]}, {"key": "defined-benefit-fraction", "type": "clause", "offset": [1455, 1479]}, {"key": "terms-of", "type": "definition", "offset": [1517, 1525]}, {"key": "this-plan", "type": "definition", "offset": [1526, 1535]}, {"key": "the-adjustment", "type": "clause", "offset": [1543, 1557]}, {"key": "equal-to", "type": "definition", "offset": [1569, 1577]}, {"key": "the-product", "type": "definition", "offset": [1578, 1589]}, {"key": "the-excess", "type": "clause", "offset": [1597, 1607]}, {"key": "changes-in", "type": "definition", "offset": [1928, 1938]}, {"key": "the-plan", "type": "clause", "offset": [1967, 1975]}, {"key": "section-415-limitation", "type": "definition", "offset": [2014, 2036]}, {"key": "applicable-to", "type": "definition", "offset": [2037, 2050]}, {"key": "beginning-on", "type": "clause", "offset": [2077, 2089]}, {"key": "after-january", "type": "clause", "offset": [2093, 2106]}], "size": 14, "hash": "73ed2db5011d9ac6ac404cf807515c8c", "id": 1}, {"snippet": "MainePERS agrees to transmit to the investments manager(s) of the Defined Contribution plan(s) deductions of the employees who participate in the Defined Contribution plan(s) by payroll deduction as soon as practicable, but not later than ten (10) workdays after such deductions are made.", "samples": [{"hash": "e7EXWgVrsJi", "uri": "/contracts/e7EXWgVrsJi#defined-contribution", "label": "Collective Bargaining Agreement", "score": 32.9695739746, "published": true}, {"hash": "kjrxcCVkofI", "uri": "/contracts/kjrxcCVkofI#defined-contribution", "label": "Collective Bargaining Agreement", "score": 30.6393985748, "published": true}, {"hash": "830uXW1HGEd", "uri": "/contracts/830uXW1HGEd#defined-contribution", "label": "Collective Bargaining Agreement", "score": 26.9958934784, "published": true}], "snippet_links": [{"key": "to-transmit", "type": "definition", "offset": [17, 28]}, {"key": "the-investments", "type": "clause", "offset": [32, 47]}, {"key": "the-defined", "type": "clause", "offset": [62, 73]}, {"key": "employees-who", "type": "clause", "offset": [113, 126]}, {"key": "participate-in", "type": "definition", "offset": [127, 141]}, {"key": "payroll-deduction", "type": "definition", "offset": [178, 195]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [196, 218]}], "size": 6, "hash": "09e3dadd87c86aba986e6af1e9bf30bf", "id": 2}, {"snippet": "Plan A plan under which Employee accounts are maintained for each Participant to which all contributions, forfeitures, investment income and gains or losses, and expenses are credited or deducted. A Participant\u2019s benefit under such plan is based solely on the fair market value of his or her account balance.", "samples": [{"hash": "iIWfRAR0AOU", "uri": "/contracts/iIWfRAR0AOU#defined-contribution", "label": "Defined Contribution Plan (Idt Corp)", "score": 21.0, "published": true}, {"hash": "bR46WzfTAir", "uri": "/contracts/bR46WzfTAir#defined-contribution", "label": "Defined Contribution Plan (Chicopee Bancorp, Inc.)", "score": 21.0, "published": true}], "snippet_links": [{"key": "plan-a", "type": "clause", "offset": [0, 6]}, {"key": "employee-accounts", "type": "definition", "offset": [24, 41]}, {"key": "each-participant", "type": "clause", "offset": [61, 77]}, {"key": "investment-income", "type": "definition", "offset": [119, 136]}, {"key": "gains-or-losses", "type": "clause", "offset": [141, 156]}, {"key": "and-expenses", "type": "clause", "offset": [158, 170]}, {"key": "a-participant", "type": "clause", "offset": [197, 210]}, {"key": "the-fair-market-value", "type": "clause", "offset": [256, 277]}, {"key": "account-balance", "type": "definition", "offset": [292, 307]}], "size": 4, "hash": "705c20ce783165d6ba826d2cd4a987c1", "id": 3}, {"snippet": "An employee in a regular position may, at his or her request, participate in the County's 457(b) Defined Contribution Plan.", "samples": [{"hash": "bidK6ePC9sj", "uri": "/contracts/bidK6ePC9sj#defined-contribution", "label": "Memorandum of Understanding", "score": 30.0032024384, "published": true}, {"hash": "c5aC0q0Dg77", "uri": "/contracts/c5aC0q0Dg77#defined-contribution", "label": "Memorandum of Understanding", "score": 27.1317043304, "published": true}], "snippet_links": [{"key": "an-employee", "type": "definition", "offset": [0, 11]}, {"key": "regular-position", "type": "definition", "offset": [17, 33]}, {"key": "participate-in", "type": "definition", "offset": [62, 76]}, {"key": "the-county", "type": "clause", "offset": [77, 87]}, {"key": "defined-contribution-plan", "type": "definition", "offset": [97, 122]}], "size": 4, "hash": "bd13f6b935c254b41baa05d20a1e0689", "id": 4}, {"snippet": "Paired Plan. If this Plan is adopted in combination with one or more defined contribution Paired Plans, the minimum allocation required under this section 12.3, if any, shall be made under such Paired Plans in the following order:", "samples": [{"hash": "iebWjmUFsf", "uri": "/contracts/iebWjmUFsf#defined-contribution", "label": "Flexible Nonstandardized 401(k) Adoption Agreement (Oshkosh B Gosh Inc)", "score": 18.0, "published": true}, {"hash": "faYTgs4mG0O", "uri": "/contracts/faYTgs4mG0O#defined-contribution", "label": "Flexible Nonstandardized 401(k) Adoption Agreement (Oshkosh B Gosh Inc)", "score": 18.0, "published": true}, {"hash": "6NJCg47lSjE", "uri": "/contracts/6NJCg47lSjE#defined-contribution", "label": "401(k) Adoption Agreement (Oshkosh B Gosh Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "this-plan", "type": "definition", "offset": [16, 25]}, {"key": "in-combination", "type": "definition", "offset": [37, 51]}, {"key": "paired-plans", "type": "definition", "offset": [90, 102]}, {"key": "minimum-allocation", "type": "clause", "offset": [108, 126]}, {"key": "section-123", "type": "clause", "offset": [147, 159]}], "size": 3, "hash": "8bf0b6eb81a1490b68d3ad418483e2a2", "id": 5}, {"snippet": "RE-ALLOCATION PLAN Section 1F - NATIONAL STABILIZATION AGREEMENT OF SHEET METAL INDUSTRY (S.A.S.M.I.)", "samples": [{"hash": "dkEu4MWVkS5", "uri": "/contracts/dkEu4MWVkS5#defined-contribution", "label": "Collective Bargaining Agreement", "score": 29.9641723633, "published": true}, {"hash": "7cCntR3A3Gd", "uri": "/contracts/7cCntR3A3Gd#defined-contribution", "label": "Collective Bargaining Agreement", "score": 29.8302974701, "published": true}, {"hash": "fyCu60KKUGN", "uri": "/contracts/fyCu60KKUGN#defined-contribution", "label": "Collective Bargaining Agreement", "score": 26.7669277191, "published": true}], "snippet_links": [{"key": "allocation-plan", "type": "clause", "offset": [3, 18]}, {"key": "section-1f", "type": "clause", "offset": [19, 29]}, {"key": "sheet-metal-industry", "type": "definition", "offset": [68, 88]}], "size": 3, "hash": "51caf0d2c1bac04970cb29e6d51bee2e", "id": 6}, {"snippet": "For newly hired unit members, participation in the defined contribution retirement plan (The University of Maine System Basic Retirement Plan for Classified Employees) is mandatory during their employment with the University. Unit members must contribute one percent (1%) of their base wage but may contribute up to four percent (4%) on which they will receive a matching University contribution. Eligible unit members covered by the Memoranda of Understanding regarding retirement plans executed on January 29, 2001 and May 6 and 7, 1998 who have completed five (5) years of service may contribute one percent (1%) of their base wage but may contribute up to four percent (4%) on which they will receive a matching University contribution.", "samples": [{"hash": "6ym8KALxl8X", "uri": "/contracts/6ym8KALxl8X#defined-contribution", "label": "Collective Bargaining Agreement", "score": 33.0800018311, "published": true}, {"hash": "2zGHH9CCp7F", "uri": "/contracts/2zGHH9CCp7F#defined-contribution", "label": "Collective Bargaining Agreement", "score": 30.9996032715, "published": true}, {"hash": "7uF2v0kjJBU", "uri": "/contracts/7uF2v0kjJBU#defined-contribution", "label": "Collective Bargaining Agreement", "score": 30.8846340179, "published": true}], "snippet_links": [{"key": "newly-hired-unit-members", "type": "clause", "offset": [4, 28]}, {"key": "defined-contribution-retirement-plan", "type": "clause", "offset": [51, 87]}, {"key": "the-university", "type": "clause", "offset": [89, 103]}, {"key": "basic-retirement-plan", "type": "definition", "offset": [120, 141]}, {"key": "classified-employees", "type": "definition", "offset": [146, 166]}, {"key": "employment-with-the", "type": "clause", "offset": [194, 213]}, {"key": "base-wage", "type": "definition", "offset": [281, 290]}, {"key": "university-contribution", "type": "definition", "offset": [372, 395]}, {"key": "eligible-unit-members", "type": "clause", "offset": [397, 418]}, {"key": "covered-by", "type": "definition", "offset": [419, 429]}, {"key": "memoranda-of-understanding", "type": "definition", "offset": [434, 460]}, {"key": "retirement-plans", "type": "definition", "offset": [471, 487]}, {"key": "executed-on", "type": "clause", "offset": [488, 499]}, {"key": "years-of-service", "type": "definition", "offset": [567, 583]}], "size": 3, "hash": "6f687168f5dd86d755478fa24f035cc0", "id": 7}, {"snippet": "Mandatory 1% by employee (pre-taxed), 1% match from County. \u2022 Employee may contribute another 2-4% (pre-taxed). \u2022 Once the County has covered the defined benefit funding percentage and the 1% match on the defined contribution, the County will match any additional percentage the employee puts in (up to a total of 8% between the defined benefit and defined contribution).", "samples": [{"hash": "dJvAif4ON9y", "uri": "/contracts/dJvAif4ON9y#defined-contribution", "label": "Collective Bargaining Agreement", "score": 29.1812858582, "published": true}, {"hash": "keNotubNMgG", "uri": "/contracts/keNotubNMgG#defined-contribution", "label": "Collective Bargaining Agreement", "score": 23.0917186737, "published": true}, {"hash": "EgiIYPFJ52", "uri": "/contracts/EgiIYPFJ52#defined-contribution", "label": "Collective Bargaining Agreement", "score": 23.0068454742, "published": true}], "snippet_links": [{"key": "by-employee", "type": "clause", "offset": [13, 24]}, {"key": "the-county", "type": "clause", "offset": [119, 129]}, {"key": "funding-percentage", "type": "definition", "offset": [162, 180]}, {"key": "additional-percentage", "type": "definition", "offset": [253, 274]}, {"key": "the-employee", "type": "clause", "offset": [275, 287]}], "size": 3, "hash": "9df70a7d94bf21f73d592576ef903a09", "id": 8}, {"snippet": "(DC) Pension Plan for Wage Employees\n(a) The DC Pension Plan applies only to all employees commencing employment with the Company on or after January 1, 2007. All other employees will continue to participate in the DB Pension outlined in (5) above. All employees who commence employment with the company on or after January 1, 2007 may elect to participate in only the DC Pension Plan, rather than the DB Pension Plan.\n(b) Cost to employee will be 3.4% of earnings to the year\u2019s Maximum Pensionable Earnings (YMPE) under C.P.P. in that year and 5% of earnings which are in excess of the YMPE in that year.\n(c) Company contributions to the DC Pension Plan will be as follows: Three or more years but less than nine years 5% of earnings\n(d) The Company will pay all Administrative fees of the DC Pension Plan. However, if an employee transfers funds out of one fund/investment within 30 days after selecting that fund/investment, the employee will be charged a fee equivalent to 1% of the funds being transferred.\n(e) Except with the consent of the Union, the Company agrees that it will not make changes to the DC Pension Plan during the term of this Agreement once the DC Plan has been established by the Company following ratification.", "samples": [{"hash": "2i8LDsLzY2h", "uri": "/contracts/2i8LDsLzY2h#defined-contribution", "label": "Collective Bargaining Agreement", "score": 19.8898010254, "published": true}, {"hash": "gwRW8WXlVm0", "uri": "/contracts/gwRW8WXlVm0#defined-contribution", "label": "Collective Bargaining Agreement", "score": 17.9472961426, "published": true}], "snippet_links": [{"key": "pension-plan-for-wage-employees", "type": "clause", "offset": [5, 36]}, {"key": "dc-pension-plan", "type": "definition", "offset": [45, 60]}, {"key": "all-employees", "type": "definition", "offset": [77, 90]}, {"key": "employment-with-the-company", "type": "definition", "offset": [102, 129]}, {"key": "after-january", "type": "clause", "offset": [136, 149]}, {"key": "employees-will", "type": "clause", "offset": [169, 183]}, {"key": "participate-in", "type": "definition", "offset": [196, 210]}, {"key": "employees-who", "type": "clause", "offset": [253, 266]}, {"key": "db-pension-plan", "type": "definition", "offset": [402, 417]}, {"key": "employee-will", "type": "clause", "offset": [431, 444]}, {"key": "the-year", "type": "definition", "offset": [468, 476]}, {"key": "maximum-pensionable-earnings", "type": "definition", "offset": [479, 507]}, {"key": "contributions-to", "type": "clause", "offset": [618, 634]}, {"key": "the-company-will", "type": "clause", "offset": [739, 755]}, {"key": "administrative-fees", "type": "definition", "offset": [764, 783]}, {"key": "employee-transfers", "type": "clause", "offset": [823, 841]}, {"key": "days-after", "type": "definition", "offset": [885, 895]}, {"key": "the-employee", "type": "clause", "offset": [928, 940]}, {"key": "the-funds", "type": "clause", "offset": [983, 992]}, {"key": "of-the-union", "type": "clause", "offset": [1040, 1052]}, {"key": "the-company-agrees", "type": "clause", "offset": [1054, 1072]}, {"key": "changes-to-the", "type": "definition", "offset": [1095, 1109]}, {"key": "during-the-term-of-this-agreement", "type": "clause", "offset": [1126, 1159]}, {"key": "dc-plan", "type": "definition", "offset": [1169, 1176]}, {"key": "by-the-company", "type": "clause", "offset": [1198, 1212]}], "size": 3, "hash": "27adc21f963ea3fc40e4b869db772929", "id": 9}, {"snippet": "Effective July 1, 2015, the defined contribution amount for FY2014/2015 ($19,063) shall be eliminated as a defined contribution payment. Employees shall continue to purchase benefits as described in Article 9.1.1.\n9.2.1 The Association acknowledges that the level of funding of other post- employment benefits (OPEB) by the District is not subject to negotiation, although the district will actively consult with the Association on this matter.", "samples": [{"hash": "5YboyhkeREm", "uri": "/contracts/5YboyhkeREm#defined-contribution", "label": "Master Contract", "score": 29.1501598358, "published": true}, {"hash": "k2EhxkNyQij", "uri": "/contracts/k2EhxkNyQij#defined-contribution", "label": "Master Contract", "score": 24.4555740356, "published": true}], "snippet_links": [{"key": "effective-july-1", "type": "clause", "offset": [0, 16]}, {"key": "the-defined", "type": "clause", "offset": [24, 35]}, {"key": "contribution-amount", "type": "definition", "offset": [36, 55]}, {"key": "contribution-payment", "type": "clause", "offset": [115, 135]}, {"key": "employees-shall-continue-to", "type": "clause", "offset": [137, 164]}, {"key": "the-association", "type": "clause", "offset": [220, 235]}, {"key": "level-of-funding", "type": "clause", "offset": [258, 274]}, {"key": "employment-benefits", "type": "definition", "offset": [290, 309]}, {"key": "by-the-district", "type": "clause", "offset": [317, 332]}, {"key": "subject-to", "type": "clause", "offset": [340, 350]}, {"key": "the-district-will", "type": "clause", "offset": [373, 390]}], "size": 2, "hash": "a52036040322ff7633c5d97005271d53", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih1kZWZpbmVkLWNvbnRyaWJ1dGlvbiMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"children": [["section-457b-defined-contribution-plan", "Section 457(b) Defined Contribution Plan"], ["section-401a", "Section 401(a"], ["special-definitions", "SPECIAL DEFINITIONS"], ["aggregation-group", "Aggregation Group"], ["compensation", "Compensation"]], "parents": [["definitions", "Definitions"], ["information-to-unit-members", "- Information to Unit Members\u200c"], ["retirement-benefits", "Retirement Benefits"], ["temporary-rate-of-pay", "Temporary Rate of Pay"], ["employee-benefits", "Employee Benefits"]], "title": "Defined Contribution", "size": 110, "id": "defined-contribution", "related": [["defined-contribution-plan", "Defined Contribution Plan", "<strong>Defined Contribution</strong> Plan"], ["defined-contribution-plans", "Defined Contribution Plans", "<strong>Defined Contribution</strong> Plans"], ["city-contribution", "City Contribution", "City Contribution"], ["catch-up-contributions", "Catch-Up Contributions", "Catch-Up Contributions"], ["retirement-contribution", "Retirement Contribution", "Retirement Contribution"]], "related_snippets": [], "updated": "2025-07-24T06:49:03+00:00"}, "json": true, "cursor": ""}}