Integrated Allocation Clause Samples
Integrated Allocation. Contributions to Employer Contributions Accounts with respect to a Plan Year, plus any forfeitures if forfeitures are reallocated to Participants, shall be allocated to the Employer Contributions Account of each eligible Participant as follows:
(a) First, in the ratio that each such eligible Participant's Compensation for the Plan Year bears to the Compensation for that Plan Year of all eligible Participants but not in excess of 3% of each Participant's Compensation.
(b) Second, any remaining contributions and forfeitures will be allocated in the ratio that each eligible Participant's Compensation for the Plan Year in excess of the Integration Level bears to all such Participants' excess Compensation for the Plan Year but not in excess of 3%.
(c) Third, any remaining contributions and forfeitures will be allocated in the ratio that the sum of each Participant's Compensation and Compensation in excess of the Integration Level bears to the sum of all Participants' Compensation and Compensation in excess of the Integration Level, but not in excess of the Maximum Profit-Sharing Disparity Rate (defined below).
(d) Fourth, any remaining contributions or forfeitures will be allocated in the ratio that each Participant's Compensation for that year bears to all Participants' Compensation for that year. The Maximum Profit-Sharing Disparity Rate is equal to the lesser of:
(a) 2.7% or
(b) The applicable percentage determined in accordance with the following table: If the Integration Level is (as a % of the Taxable Wage Base ("TWB")). The applicable percentage is: 20% (or $10,000 if greater) or less of the TWB 2.7% More than 20% (but not less than $10,001 but not more than 80% of the TWB 1.3% More than 80% but not less than 100% of the TWB 2.4% 100% of the TWB 2.7%
Integrated Allocation. Contributions to Employer Contributions Accounts with respect to a Plan Year, plus any forfeitures if forfeitures are reallocated to Participants, shall be allocated to the Employer Contributions Account of each eligible Participant as follows:
Integrated Allocation. If an Employer has elected an integrated formula, Employer Contributions for the Plan Year will be allocated to Participants' Accounts as follows: STEP ONE: Contributions and forfeitures, if applicable, will be allocated to each Participant's Account in the ratio that each Participant's total Compensation bears to all Participants' total Compensation, but not in excess of three percent (3%) of each Participant's Compensation. STEP TWO: After the allocation in Step One any remaining portion will be allocated to each Participant's Account in the ratio that each Participant's Compensation for the Plan Year in excess of the integration level bears to the Excess Compensation of all Participants, but not in excess of three percent (3%). STEP THREE: After the allocation in Step Two any remaining portion will be allocated to each Participant's Account in the ratio that the sum of each Participant's total Compensation and compensation in excess of the integration level bears to the sum of all Participants' total Compensation and Compensation in excess of the integration level, but not in excess of the profit-sharing maximum excess allowance percentage selected in the Adoption Agreement less three percent (3%). STEP FOUR: Any remaining portion will be allocated to each Participant's Account in the ratio that each Participant's total Compensation for the Plan Year bears to all Participants' total Compensation for that year. If in any year the Plan is not a Top-Heavy Plan, STEP ONE and STEP TWO above shall be disregarded and ___________________________________________________
Integrated Allocation. The integrated allocation procedure described in Section 6.2 of the Plan based on the following:
Integrated Allocation. In accordance with Plan Section 4.3(b)(2) based on a Participant’s Compensation in excess of:
Integrated Allocation. In accordancewith Plan Section 4.3(b)(2) based on a Participant’s Compensation in excess of:
❑ 1. The Taxable Wage Base. ❑ 2. % (not to exceed 100%) of the Taxable Wage Base. (See Note below) ❑ 3. 80% of the Taxable Wage Base plus $1.00.
Integrated Allocation. Contributions to Employer Contributions Accounts with respect to a Plan Year, plus any forfeitures if forfeitures are reallocated to Participants, shall be allocated to the Employer Contributions Account of each eligible Participant as follows:
(a) First, in the ratio that each such eligible Participant's Compensation for the Plan Year bears to the Compensation for that Plan Year of all eligible Participants but not in excess of 3% of each Participant's Compensation.
(b) Second, any remaining contributions and forfeitures will be allocated in the ratio that each eligible Participant's Compensation for the Plan Year in excess of the Integration Level bears to all such Participants' excess Compensation for the Plan Year but not in excess of 3%.
Integrated Allocation. If specified in the Adoption Agreement, a Discretionary Contribution, if any, shall be allocated to each Participant’s Account, except as provided in Section 9.04(a), in a dollar amount equal to 5.7% of the sum of