Automatic Contribution Arrangement means the Automatic Deferral provisions described by Section 12.2 and, if applicable, Section 12.9.
Automatic Contribution Arrangement means the arrangement set forth in Section 5.05 of the Plan pursuant to which, in the absence of an Affirmative Election, an Employee, who is eligible to participate in the Plan is treated as having elected to direct the Employer to reduce his or her Compensation in order that the Employer may make Salary Reduction Contributions to the Plan on behalf of the Participant equal to a uniform percentage of Compensation.
Automatic Contribution Arrangement means the Automatic Deferral provisions described by Section 11.2.
Examples of Automatic Contribution Arrangement in a sentence
If the Plan has automatic enrollment, the Plan is an (check one): □ Automatic Contribution Arrangement (ACA).
The Plan is an Eligible Automatic Contribution Arrangement (EACA) under Section 3.02(B)(2).
The Plan is an Automatic Contribution Arrangement (ACA) under Section 3.02(B)(1).
Check this subsection (2) if the Plan is designated as an Automatic Contribution Arrangement, as described under Section 3.03 of the Plan.
If the Employer elects in its Adoption Agreement, the Employer maintains a Plan with Automatic Deferral provisions as an Automatic Contribution Arrangement (“ACA”), effective as of the date the Employer elects in the Adoption Agreement (the “ACA Effective Date”), and the provisions of this Section 3.02(B)(1) will apply.
More Definitions of Automatic Contribution Arrangement
Automatic Contribution Arrangement means the Automatic Deferral provisions described by Section 4.13.
Automatic Contribution Arrangement. ’ means an arrangement—
Automatic Contribution Arrangement means any arrangement under which (A) a Participant may elect to have the Employer make payments as Elective Deferrals on his or her behalf, or to receive such payments directly in cash, and (b) an Eligible Participant is treated as having elected to have the Employer make Elective Deferrals to the Plan, in an amount equal to a specified percentage of Compensation until such Eligible Participant executes an Automatic Contribution Overriding Election as defined in the administrative policy regarding Elective Deferrals; such percentage is set forth in either the administrative policy regarding Elective Deferrals or such other Plan documentation as permitted by the Plan or law. An Automatic Contribution Arrangement includes an Eligible Automatic Contribution Arrangement.
Automatic Contribution Arrangement means the automatic enrollment and contribution provisions of Sections 2.1, 2.2 and 4.1 hereof that are intended to constitute a “qualified automatic contribution arrangement” within the meaning of Treasury Regulation Section 1.401(k)-3(j)(1).
Automatic Contribution Arrangement means an 41
Automatic Contribution Arrangement or “ACA” means such term as defined in Article III (Employee Contributions) pursuant to which Automatic Elective Deferrals may be made under the Plan on behalf of an Eligible Employee in accordance with such Article. An ACA may, but is not required, to be an Eligible Automatic Contribution Arrangement or a Qualified Automatic Contribution Arrangement as elected in the Adoption Agreement.
Automatic Contribution Arrangement. (or “ACA”) means an arrangement that meets the requirements of this Section and under which, in the absence of an affirmative election by a Covered Employee, a certain percentage of Compensation will be withheld from the Covered Employee’s pay and contributed to the Plan as an Elective Deferral.