QMAC (PLAN-DESIGNATED Clause Samples

QMAC (PLAN-DESIGNATED. (3.03(C)(1)). The following provisions apply regarding Plan-Designated QMACs (Choose one of (a) or (b)): [Note: Regardless of its elections under this Election 25, the Employer under Section 3.03(C)(2) may elect for any Plan Year where the Plan is using Current Year Testing to make Operational QMACs which the Plan Administrator will allocate only to NHCEs for purposes of correction of an ADP or ACP test failure.] (a) [ ] Not applicable. There are no Plan-Designated QMACs. (b) [ ] Applies. There are Plan-Designated QMACs to which the following provisions apply (Complete (1) and (2)): (1) Matching Contributions affected. The following Matching Contributions (as allocated to the designated allocation group under Election 25(b)(2)) are PI an-Designated QMACs (Choose one of a. or b.): a. [ ] All. All Matching Contributions. b. [ ] Designated. Only the following Matching Contributions under Election 24: .