Examples of 401(k) Profit Sharing Plan in a sentence
For example, a spouse of a Putnam employee may have a 401(k)/ Profit Sharing Plan with his or her employer that invests in Putnam funds.
The provisions of this Section apply to a Participant in a Profit Sharing Plan or 401(k) Profit Sharing Plan to the extent elected in the Adoption Agreement.
Except as specifically provided elsewhere in this Plan, the provisions of this Article shall apply with respect to any 401(k) Profit Sharing Plan regardless of any provisions in the Plan to the contrary.
An Access Person whose Personal Account balance at quarter end exceeds $500,000 in any one Fund excluding holdings through the Adviser’s 401(k) Profit Sharing Plan must also submit a list of all holdings and transaction activity for the applicable Covered Fund.
However, for each Non-Key Employee who is a Participant in a paired Profit Sharing Plan or 401(k) Profit Sharing Plan and a paired Money Purchase Plan, the minimum three percent (3%) allocation specified above shall be provided in the Money Purchase Plan.