Standard Formula. Each Plan Sponsor electing the Standard Formula will compute and make Qualified Non-Elective Contributions on behalf of each of its Participants who qualify under Sections 4.1 and 4.2 in the amount of three percent of such Participant’s Compensation for each payroll period, regardless of whether or not such Participants make Before-Tax Contributions and/or ▇▇▇▇ Contributions.
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Sources: Horizon 401(k) Plan, 401(k) Plan