Common use of True-up contributions Clause in Contracts

True-up contributions. Under Period of determination above, if j. - m. is selected, does the Employer have the discretion to true-up the Employer matching contribution (i.e., apply the Employer matching contribution on a Plan Year basis)? (leave blank if not applicable). z. [ ] Yes (may not be elected if the "ADP and/or ACP test safe harbor" provisions are being used).

Appears in 5 contracts

Sources: Adoption Agreement, Adoption Agreement, Adoption Agreement

True-up contributions. Under Period of determination above, if j. - m. is selected, does the Employer have the discretion to true-up true‑up the Employer matching contribution (i.e., apply the Employer matching contribution on a Plan Year basis)? (leave blank if not applicable). z. [ ] ]Yes (may not be elected if the "ADP and/or ACP test safe harbor" provisions are being used).

Appears in 1 contract

Sources: Adoption Agreement (Dime Community Bancshares Inc)

True-up contributions. Under Period of determination above, if j. - m. is selected, does the Employer have the discretion to true-up the Employer matching contribution (i.e., apply the Employer matching contribution on a Plan Year basisbasis (i.e., to true-up the contribution)? (leave blank if not applicable). z. [ ] Yes (may not be elected if the "ADP and/or ACP test safe harbor" provisions are being usedused because of impermissible discretion; also may not be selected if this is a Money Purchase Pension Plan (only with respect to the amount of the contribution).

Appears in 1 contract

Sources: Adoption Agreement for Employee Stock Ownership Plan (Esop)