Automatic Contribution definition

Automatic Contribution means a contribution of Deferred or Deferred Cafeteria Plan Contributions made in the event an eligible Employee makes no election regarding his or her contributions under Section 3.1. An Automatic Contribution shall be implemented and may be changed as provided in Section 3.3. The Automatic Contribution amount shall be as set forth in this Section.
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Automatic Contribution means the Employer Automatic Contribution made to the Plan on behalf of a Participant pursuant to Section 3.09.
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Automatic Contribution means a contribution on behalf of a ---------------------- Participant by an Employer pursuant to paragraph (c) of Article VI.
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Examples of Automatic Contribution in a sentence

  • The Plan is an Automatic Contribution Arrangement (ACA) under Section 3.02(B)(1).

  • The Plan is an Eligible Automatic Contribution Arrangement (EACA) under Section 3.02(B)(2).

  • The Plan is a combination EACA and Qualified Automatic Contribution Arrangement (QACA) under Sections 3.02(B)(3) and 3.05(J).

  • Contact Wespath for more information about Automatic Contribution Escalation.

  • Participants may opt out of Automatic Contribution Escalation, or opt back into it, at any time by completing and submitting a Contribution Election form.

  • If the Plan has automatic enrollment, the Plan is an (check one): □ Automatic Contribution Arrangement (ACA).

  • Check this subsection (2) if the Plan is designated as an Automatic Contribution Arrangement, as described under Section 3.03 of the Plan.

  • Plan Sponsors adopting Automatic Enrollment and Automatic Contribution Escalation must elect these features for all of their UMPIP Adoption Agreements.

  • Section 3.4 of the Amendment regarding an Eligible Automatic Contribution Arrangement is adopted effective .

  • If the Plan has an Eligible Automatic Contribution Arrangement as described in Code §414(w)(3), then Section 2.11 of the Amendment regarding QDIAs is adopted effective as of the effective date of the Eligible Automatic Contribution Arrangement (unless an earlier effective date is indicated in the next sentence).


More Definitions of Automatic Contribution

Automatic Contribution means an Elective Deferral Contribution made on behalf of a Participant under Section 4.2(b).
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