Nonelective Contribution definition

Nonelective Contribution means an amount contributed by a participating

Nonelective Contribution means an Employer fixed or discretionary contribution not made as a result of a Salary Reduction Agreement and which is not a Matching Contribution.

Examples of Nonelective Contribution in a sentence

Your share of the nonelective contribution is determined by the following fraction: Nonelective Contribution X Your Compensation Total Compensation of All Participants Eligible to Share For example: Suppose the nonelective contribution for the Plan Year is $20,000.
Your share of the nonelective contribution is determined by the following fraction: Nonelective Contribution X Your Compensation Total Compensation of All Participants Eligible toShare For example: Suppose the nonelective contribution for the Plan Year is $20,000.
In no case shall the Employer Non-elective Contribution exceed the Contribution Limit of the Internal Revenue Code.
In such event, the Plan Administrator will allocate the remaining forfeitures to pay Plan expenses, as an additional Discretionary Nonelective Contribution or as a Discretionary Matching Contribution, as the Plan Administrator determines.
Fixed Nonelective Contribution Accounts are distributable in a Lump-Sum or in Installments); and/or (iii) merged plan account now held in the Plan (e.g., The accounts from the X plan merged into this Plan continue to be distributable in accordance with the X plan terms [supply terms] and not in accordance with the terms of this Plan).

Nonelective Contribution means an amount contributed by a participating employer into a participant's defined contribution account.

Nonelective Contribution means the amount available for allocation to particular Taxable Benefits and/or Nontaxable Benefits or for receipt as additional Eligible Earnings by a Participant pursuant to Section 5.28.240 A.