Type of Plan. The Plan will be a Defined Contribution Pension Plan. Participation in the Plan shall be voluntary.
Type of Plan. (1) ¨ 401(k) Only (2) x 401(k) and Profit Sharing
Type of Plan. (1) ¨ 401(k) Only
Type of Plan. Check one. 🗸 1. Profit Sharing only — Elective Contributions (401(k) contributions) are not permitted. The Employer may make Nonelective Employer Contributions in the manner elected in this Adoption Agreement.
Type of Plan. The Board will purchase a plan of Health and Hospital Insurance in order to comply with 7.02, which is administered by the Southwestern Ohio Educational Purchasing Cooperative (EPC). A summary of benefits shall be placed as information in the appendix.
Type of Plan. The Board will provide health and prescription drug benefits as identified in the Xxxxxx Health Plan (BHP) as outlined in the current benefit plan book. Both PPO and HDHP/HSA plans will be available. This plan includes special eligibility requirements for spouses on the medical plan only.
Type of Plan. The Plan will be a Defined Contribution Pension Plan which will cover regular employees in the bargaining unit.
Type of Plan. (1) þ 401(k) Only
Type of Plan. For the purpose of Code §401(a)(27) the Plan is designated as a profit- sharing plan that includes a cash or deferred arrangement qualified under Code §401(k). The Plan is also intended to be a Safe Harbor Plan under Code §§401(k)(12) and 401(m)(11), if so elected by a Plan Sponsor on its Adoption Agreement. For the purpose of Code §401(a)(4), the Plan is intended to be a multiple employer plan involving more than one Plan Sponsor. Plan Sponsors may or may not be Affiliates of one another. For the purpose of Code §414(e), the Plan Sponsors are each intended to be a church, convention or association of churches (within the meaning of Code §414(e)(3)(C)), or organization controlled by or associated with a church or a convention or association of churches (within the meaning of Code §414(e)(3)(D). Accordingly, the Plan Sponsors are intended to be one employer for the purpose of Code §414(e). Further, the Plan is intended to meet the requirements of a “church plan” as that term is defined in Code §414(e) and to be exempt from ERISA as a non-electing Church Plan to the extent permitted under Code §410(d), applicable ERISA sections, and any other applicable law.
