Non-Elective Contributions. In-service withdrawals are allowed from a Participant's Non-Elective Contribution Account on funds held for years. NOTE: Withdrawals under G.7a are only permitted from the Matching Contribution Account to the extent such Account is held in annuity contracts. NOTE: Withdrawals under G.7b are only permitted from the Non-Elective Contribution Account to the extent such Account is held in annuity contracts. NOTE: G.7a-b may not be less than two.
Non-Elective Contributions. The maximum amount available to each Participant for the purchase of elected benefits with non-elective contributions will be: N/A The Employer may at its sole discretion provide a non-elective contribution to provide benefits for each Participant under the Plan. This amount will be set by the Employer each Plan Year in a uniform and non-discriminatory manner. If this non- elective contribution amount exceeds the cost of benefits elected by the Participant, excess amounts will not be paid to the Participant as taxable cash. Elective Contributions (Salary Reduction): The maximum amount available to each Participant for the purchase of elected benefits through salary reduction will be: 100% of compensation per entire plan year. Each Participant may authorize the Employer to reduce his or her compensation by the amount needed for the purchase of benefits elected, less the amount of non- elective contributions. An election for salary reduction will be made on the benefit election form.
Non-Elective Contributions. In lieu of Employer Matching Contributions, the Employer shall make a contribution of 2% of Compensation (Compensation not to exceed the limits described in Section 401(a)(17) of the Code, as adjusted by the Secretary of the Treasury for increases in the cost of living in accordance with Section 401(a)(17) of the Code, or $245,000 for 2010 and 2011) for each Eligible Employee, regardless of By signing below, the Employer named below hereby (check one): Adopts OR Amends Amendment Effective Date: (mm/dd/yyyy) Note: Amendments that impact your Summary Description must be effective January 1 of the following calendar year. Notwithstanding the preceding sentence, the Custodian of your SIMPLE Plan may resign or be removed at any time during the calendar year. If left blank, the amendment effective date will be January 1 of the following calendar year. By signing below, the Employer named below hereby adopts the Fidelity SIMPLE-XXX Plan under Section 408(p) of the Internal Revenue Code, the terms of which shall be governed by the Fidelity SIMPLE-XXX Plan Agreement and this Adoption Agreement. To the extent an optional provi- sion is not selected on the Adoption Agreement, the Employer understands that the default option will be the provision, if any, indicated in each Section. The Employer appoints Fidelity Management Trust Company (“FMTC”) (or its successor) as Custodian of this Plan, and recognizes that while such Custodian is a bank, neither Fidelity Distributors Corporation nor any mutual fund in which this SIMPLE-XXX Plan may invest its assets is a bank, and mutual fund shares are not backed or guaranteed by any bank or insured by the FDIC. The Employer hereby authorizes FMTC (or its agents or successors) to accept direction with respect to this Plan from the Contact Person authorized in Section 1 above. whether the Eligible Employee elects to make Elective Deferrals to the Plan. Please refer to Section 2.2 of the Plan Agreement for the definition of “Applicable Limit.” Name of Employer (i.e., Company Name) Name of Person Authorized to Sign on Behalf of Company (Please Print) SIGNATURE OF AUTHORIZED PERSON DATE X (Please keep a copy of this form and the Company Profile Form for your records.) The Fidelity SIMPLE-XXX Plan Agreement and Adoption Agreement have been approved as a prototype plan by the Internal Revenue Service. Amendments or revisions may be required in order to comply with future changes in the law. Fidelity Management & Research Company, the S...
Non-Elective Contributions. As of each Anniversary Date, the Non-Elective Contributions made by the Employer with respect to the preceding Plan Year, and forfeitures, shall be allocated among the Employer Accounts of Participants during the Plan Year in the manner specified in the Adoption Agreement.
Non-Elective Contributions. In lieu of employer matching contributions, the employer shall make a contribution of 2% of Compensation for each eligible employee, regardless of whether the eligible employee elects to make elective deferrals to the Plan.
Non-Elective Contributions. The Employer will make a Non-Elective Contribution equal to 2% of the compensation of each “eligible employee” who makes at least $ (max. $5,000) of Compensation for the year.
Non-Elective Contributions. If elected in the Adoption Agreement by the Sponsoring Employer, the Employer will contribute a Non-Elective Contribution of 2% of Compensation for the full calendar Year for each Eligible Employee who received at least $5,000 of Compensation from the Employer for the Year, or such lesser amount of Compensation as elected in the Adoption Agreement. DC Basic Plan #01 Page 63 of 126 July 2008
Non-Elective Contributions. For employees with less than 16 years of service at Allina who satisfy eligibility requirements set forth in the Allina 403(b) plan (e.g., regularly scheduled to work 0.5 FTE or above or have completed a Year of Service with 1,000 or more credited hours), Allina will provide an additional non-elective contribution to the Allina 403(b) plan in an amount equivalent to one percent of the employee’s eligible earnings. For employees with 16 or more years of service at Allina who satisfy eligibility requirements set forth in the Allina 403(b) plan (e.g., regularly scheduled to work 0.5 FTE or above or have completed a Year of Service with 1,000 or more credited hours), Allina will provide an additional non-elective contribution to the Allina 403(b) plan in an amount equivalent to two percent of the employee’s eligible earnings. These non-elective contributions are subject to the same rules and requirements (such as vesting, timing of contribution, etc.) as non-elective contributions Allina makes on behalf of its non-contract employees.
Non-Elective Contributions. NOTE: If selected, Compensation will include only those amounts that are actually paid to the Participant during that part of the Plan Year the Participant is eligible to participate in the Plan. If not selected, Compensation will include those amounts that are actually paid to the Participant during the period specified in A.13b.
Non-Elective Contributions. The Employer may at its sole discretion provide a Non-Elective Contribution to provide benefits for each Participant under the Plan. In some cases the amount may differ based on the length of an Employee’s or his or her Dependent’s participation in a particular Benefit Option. In addition, the Employer may provide one amount of Non- Elective Contribution if an Employee enrolls in certain Benefit Options and a different amount of Non-Elective Contributions if the Employee does not enroll in a particular Benefit Option (regardless of whether the election to participate or not participate was an affirmative election or default coverage from failure to make an election pursuant to Section 3.03 of the Plan), subject to any restrictions the Employer may impose. Non-Elective Contributions may also be provided if the Employee satisfies certain wellness criteria. The amount of any Non- Elective Contribution will be set by the Employer each Plan Year in a uniform and non-discriminatory manner, will be applied consistently with respect to similarly situation Participants, and will be described in new hire and Annual Enrollment materials. If the Non-Elective Contribution amount exceeds the cost of Benefit Options elected by the Participant, excess amounts will not be paid to the Participant as taxable cash. Elective Contributions (Salary Reduction): By submitting an Election Form, each Participant may authorize the Employer to reduce his or her Compensation by the amount needed to pay the cost (pursuant to Section 3.04) of Benefit Options elected, less the amount of Non-Elective Contributions. Maximum Contributions Allowed under the Plan: The maximum amount of contributions under the Plan for any Participant for the Plan Year will be the sum of the following:
