Specific limitation. The Plan Administrator will disregard deferral contributions exceeding % of the Participant’s Compensation. [Note: To avoid the ACP test in a safe harbor 401(k) plan, the Employer must limit deferrals and Employee contributions which are subject to match to 6% of Plan Year Compensation.]
Appears in 2 contracts
Sources: 401(k) Plan Adoption Agreement (Americas Carmart Inc), 401(k) Plan Adoption Agreement (Americas Carmart Inc)
Specific limitation. The Plan Administrator will disregard deferral contributions exceeding _____% of the Participant’s 's Compensation. [Note: To avoid the ACP test in a safe harbor 401(k) plan, the Employer must limit deferrals and Employee contributions which are subject to match to 6% of Plan Year Compensation.]
Appears in 1 contract
Specific limitation. The Plan Administrator will disregard deferral contributions exceeding 10% of the Participant’s 's Compensation. [Note: To avoid the ACP test in a safe harbor 401(k) plan, the Employer must limit deferrals and Employee contributions which are subject to match to 6% of Plan Year Compensation.]
Appears in 1 contract
Sources: 401(k) and Profit Sharing Plan Adoption Agreement (CRH Public LTD Co)
Specific limitation. The Plan Administrator will disregard deferral contributions exceeding % of the Participant’s 's Compensation. [Note: To avoid the ACP test in a safe harbor 401(k) plan, the Employer must limit deferrals and Employee contributions which are subject to match to 6% of Plan Year Compensation.]
Appears in 1 contract
Sources: Adoption Agreement (Candies Inc)
Specific limitation. The Plan Administrator will disregard deferral contributions exceeding 12% of the Participant’s Compensation. [Note: To avoid the ACP test in a safe harbor 401(k) plan, the Employer must limit deferrals and Employee contributions which are subject to match to 6% of Plan Year Compensation.]
Appears in 1 contract
Sources: Employee 401(k) Plan (Trimeris Inc)
Specific limitation. The Plan Administrator will disregard deferral contributions exceeding % of the Participant’s 's Compensation. [Note: To avoid the ACP test in a safe harbor 401(k) plan, the Employer must limit deferrals and Employee contributions which are subject to match to 6% of Plan Year Compensation.]] [X] (k)
Appears in 1 contract
Sources: 401(k) Plan Adoption Agreement (Petco Animal Supplies Inc)