Nonelective Contribution definition

Nonelective Contribution means an amount contributed by a participating

Nonelective Contribution means the Employer's contributions to the Plan.

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

Examples of Nonelective Contribution in a sentence

• The Employer shall designate, at the time the contribution is made, whether the contribution made pursuant to this provision shall be a Qualified Matching Contribution or an Employer Nonelective Contribution.

• A Qualified Nonelective Contribution may be made on behalf of Nonhighly Compensated Participants in an amount sufficient to satisfy one of the tests set forth in Section 12.4. Such contribution shall be allocated in equal amounts (per capita).

• 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.

• A Qualified Nonelective Contribution may be made on behalf of Nonhighly Compensated Participants in an amount sufficient to satisfy one of the tests set forth in Section 12.6. Such contribution shall be allocated in equal amounts (per capita).

• A Qualified Nonelective Contribution may be made on behalf of Nonhighly Compensated Participants in an amount sufficient to satisfy one of the tests set forth in Section 12.6. Such contribution shall be allocated in the same proportion that each Nonhighly Compensated Participant's 414(s) Compensation for the year bears to the total 414(s) Compensation of all Nonhighly Compensated Participants for such year.

More Definitions of Nonelective Contribution

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.

Nonelective Contribution means the Employer's contributions to the Plan other than Elective Deferrals, any Qualified Nonelective Contributions and any Qualified Matching Contributions. Employer matching contributions which are not Qualified Matching Contributions shall be considered a Nonelective Contribution for purposes of the Plan.

Nonelective Contribution means an Employer fixed or discretionary contribution not made as a result of a Participation Agreement and which is not a Matching Contribution. The Employer may provide for nonelective contributions.

Nonelective Contribution means the Employer's contributions to the Plan other than Elective Deferrals, any Qualified Nonelective Contributions and any Qualified Matching Contributions.

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.

Nonelective Contribution means a fixed or discretionary Employer Contribution that is unrelated to a Participant’s Elective Deferrals.

Nonelective Contribution means any Employer contribution (including a contribution made at the Employer's discretion) to the Plan other than a Participant's Elective Deferrals, ADP Safe Harbor Contributions, Qualified Matching Contributions and Qualified Nonelective Contributions.