Examples of Deferral Percentage in a sentence
Each election submitted must specify a Maximum Deferral and a Deferral Percentage with respect to each category of Compensation to be deferred.
The Automatic Deferral Percentage will or will not increase in Plan Years following the Plan Year containing the Automatic Deferral Effective Date (or, if later, the Plan Year or partial Plan Year in which the Automatic Deferral first applies to a Participant) as follows (Choose e., f.
With regard to Elective Deferrals withdrawn pursuant to this Subsection, (A) the Administrator will disregard such Elective Deferrals in the Actual Deferral Percentage Test (if applicable); (B) the Administrator will disregard such Elective Deferrals for purposes of the limitation on Elective Deferrals under Code§402(g); (C) such Elective Deferrals are not subject to the consent requirements of Code §401(a)(11) or 417.
Compensation for purposes of determining the "Automatic Deferral Percentage" has the same meaning as Compensation with regard to Elective Deferrals.
Plans that satisfy the Actual Deferral Percentage requirements of Code section 401(k)(3)(A)(ii) by adopting the ‘‘SIMPLE’’ provisions of section 401(k)(11).See What To File for more information about what must be completed for pension plans.Do Not File a Form 5500 for a Pension Benefit Plan That Is Any of the Following:1.