Examples of Pre-Tax Contributions in a sentence
The excess amounts shall first be taken from unmatched Pre-Tax Contributions and then from matched Pre-Tax Contributions.
All excess Pre-Tax Contributions shall be returned to the Participants no later than the last day of the following Plan Year.
A Participant who’s compensation is suspended due to an absence from employment due to military leave protected by Uniformed Services Employment and Reemployment Rights Act of 1994 (“USERRA”), may upon his or her return to employment contribute “make up” Pre-Tax Contributions equal to the amount he or she would have contributed except for the absence based upon the Participant’s election on file.
The amount of any excess deferrals that may be distributed to a Participant for a taxable year shall be reduced by the amount of Pre-Tax Contributions that were excess contributions and were previously distributed to the Participant for the Plan Year beginning with or within such taxable year.
The availability of Pre-Tax Contributions shall not discriminate in favor of Highly Compensated Employees.