Safe Harbor Nonelective Contributions. The Employer will make a Safe Harbor Nonelective Contribution to the Account of each Member in an amount equal to 3 percent of the Member's Salary for the Plan Year, unless the Employer inserts a greater percentage here ____.
Safe Harbor Nonelective Contributions. As an alternative to the nondiscrimination safe harbor in Section 3.03(f)(1) above, the Employer may satisfy the nondiscrimination safe harbor if the Employer is required, without regard to whether the Participant makes an Elective Deferral, to make a contribution to a defined contribution plan, on behalf of each Nonhighly Compensated Participant and, unless otherwise elected in the Adoption Agreement, to the Highly Compensated Participants, in an amount equal to at least 3% of the Participant’s Compensation.
Safe Harbor Nonelective Contributions. The Employer will make a Safe Harbor Nonelective Contribution to the ADP Safe Harbor Contribution Account of each Eligible Employee in an amount equal to: ________ % (must be at least 3%) of the Employee's Compensation. ADP Test Safe Harbor Contributions will be made to: (elect one) [ ] This Plan. [ ] Another defined contribution plan of the Employer, named: (insert name of plan) __________. January 1, 2003 Plan Document Section X. CONTRIBUTIONS
Safe Harbor Nonelective Contributions. ¨(a) The Employer will make a Safe Harbor Non-elective Contribution to the Account of each Eligible Participant in an amount equal to % (at least 3%) of the Eligible Participant's Plan Compensation for the Plan Year ¨(b) The Employer may make a Safe Harbor Non-elective Contribution to the Account of each Eligible Participant in an amount equal to % (at least 3%) of the Eligible Participant's Plan Compensation for the Plan Year Note: The Safe Harbor Nonelective Contribution cannot be allocated on an Integrated basis.
Safe Harbor Nonelective Contributions. (not less than 100) % (not less than three) percent of the Employee’s Compensation for the Plan Year. NOTE: If no option is selected, Option 1 will apply. Options 2, if selected, must be completed so that, at any rate of Elective Deferrals, the Matching Contribution is at least equal to the Matching Contribution that would be received if the Employer were making contributions under Option 1, but the rate of match cannot increase as Elective Deferrals increase. If ADP Test Safe Harbor Contributions that are Basic Matching Contributions or Enhanced Matching Contributions are made more frequently than the Matching Contribution Computation Period, the Employer will re-calculate the ADP Test Safe Harbor Contributions based on the Compensation earned, and Elective Deferrals made, over the entire Matching Contribution Computation Period.
Safe Harbor Nonelective Contributions. A Safe Harbor Nonelective Contribution subaccount to which shall be credited (or debited, as the case may be) (i) Safe Harbor Nonelective Contributions made to the Plan on behalf of the Participant; (ii) the allocable expenses and net earnings or net losses on the investment of the assets of the subaccount; and (iii) distributions from such subaccount. The Plan Administrator may also establish such other Accounts, subaccounts and segregated accounts as may be necessary to properly account for Plan assets.
Safe Harbor Nonelective Contributions. Contributions of the Employer to the Plan and Trust as described in Section 4.2 and in Section 9.2(b)(1) of the Adoption Agreement.
Safe Harbor Nonelective Contributions. If the Employer elects in the Adoption Agreement to make Safe Harbor Nonelective Contributions, for each Plan Year the Employer shall contribute to the Trust on behalf of each Participant an amount equal to 3% of the Participant's Total Compensation, as determined in accordance with the Safe Harbor CODA section of the Adoption Agreement, for such Plan Year or, if the Employer so elects in the Safe Harbor CODA section of the Adoption Agreement, Total Compensation, as determined in accordance with the Safe Harbor CODA section of the Adoption Agreement, for such period of time during the Plan Year in which the Participant was eligible to participate in the Plan.
Safe Harbor Nonelective Contributions. (select one)
Safe Harbor Nonelective Contributions. ☐ The Employer will make Safe Harbor Matching Contributions to this Plan in an amount equal to ________% (must be at least 3%) of each Participant’s Compensation. ☐ The Employer will make Safe Harbor Nonelective Contributions to another plan described as follows _______________________________________________ Safe Harbor Nonelective Contributions will be made with respect to payroll reduction contributions and Compensation for (elect one): ☐ the Plan Year as a whole ☐ each payroll period ☐ all payroll periods ending with or within a month ☐ all payroll periods ending with or within each Plan Year quarter
