Common use of Flexible Non-Elective Contribution Formula Clause in Contracts

Flexible Non-Elective Contribution Formula. This provision provides the Employer with the ability to amend the Plan to comply with the Safe Harbor provisions during the Plan Year. To provide such option, the Employer must amend the Plan and indicate on Schedule D that the Safe Harbor Non-Elective Contribution (not less than 3%) will be made for the specified Plan Year. Such election must comply with all the applicable notice requirements. Additional Non-Safe Harbor contributions may be made to the Plan pursuant to Article XI of Basic Plan Document #01.

Flexible Non-Elective Contribution Formula. This provision provides the Employer with the ability to amend the Plan to comply with the Safe Harbor provisions during the Plan Year. To provide such option, the Employer must amend the Plan and indicate on Schedule D C that the % Safe Harbor Non-Elective Contribution (not less than 3%) will be made for the specified Plan Year. Such election must comply with all the applicable notice requirements. Additional Non-Safe Harbor contributions may be made to the Plan pursuant to Article XI of Basic the Code §403(b) Plan Document #01Document.

Flexible Non-Elective Contribution Formula. This provision provides the Employer with the ability to amend the Plan to comply with the Safe Harbor provisions during the Plan Year. To provide such option, the Employer must amend the Plan and indicate on Schedule D C that the Safe Harbor Non-Elective Contribution (not less than 3%) will be made for the specified Plan Year. Such election must comply with all the applicable notice requirements. Additional Nonnon-Safe Harbor contributions may be made to the Plan pursuant to Article XI of Basic Plan Document #01Section VIII hereof. Any additional contributions may be subject to nondiscrimination testing.