Voluntary Employee Contributions definition

Voluntary Employee Contributions means employee deposits made pursuant to section 5.07;
Sample 1Sample 2
Voluntary Employee Contributions means each Participant's nondeductible voluntary contributions, if any, made pursuant to section 4.8.
Sample 1
Voluntary Employee Contributions means amounts contributed by Participants pursuant to the provisions of Section 6.1(b).
Sample 1

Examples of Voluntary Employee Contributions in a sentence

  • Qualified Voluntary Employee Contributions will not be taken into account for purposes of computing the Top-Heavy Ratio.

  • Notwithstanding anything in this Section to the contrary, no pre-retirement distribution can be made under this Section with respect to Transfer Contribution Accounts (including post-transfer earnings thereon) that are transferred into this Plan from a money purchase plan or target benefit plan (other than any portion thereof which is attributable to Voluntary Employee Contributions).

  • For purposes of applying the aforementioned formula, the term DA means the distribution amount, the term V means the amount of Voluntary Employee Contributions, and the term V+E means the amount of Voluntary Employee Contributions plus the earnings attributable thereto.

  • Furthermore, in accordance with the Job Creation and Worker Assistance Act of 2002, when a distribution includes Voluntary Employee Contributions which are not includible in gross income, the amount that is rolled over will first be attributed to amounts includible in gross income.

  • If the Employer’s Plan allows Participants to make Voluntary Employee Contributions, such Participant may make Voluntary Employee Contributions to the Participant’s Traditional or Xxxx XXX as elected on the Adoption Agreement under Basic Plan Document #01.

  • A Participant's Vested benefit shall not include Qualified Voluntary Employee Contributions within the meaning of Code Section 72(o)(5)(B) for Plan Years beginning prior to January 1, 1989.

  • Any Voluntary Employee Contributions made for a Plan Year must satisfy the ACP Test of Section 3.19 for a Plan Year.

  • Next, Voluntary Employee Contributions, if any, and next, the amount of Elective Deferrals and corresponding Employer Matching Contributions, if any, to the extent that they would reduce the excess amount, will be calculated.

  • Transfer Contributions from another qualified defined contribution plan into this Plan will maintain their identity as Elective Deferrals, Matching Contributions, Voluntary Employee Contributions, Non-Safe Harbor Non-Elective Contributions, Qualified Non-Elective Contributions, Qualified Matching Contributions, Safe Harbor 401(k) Contributions, and Rollover Contributions in this Plan.

  • Any distribution made under paragraph (a) which is attributable to post-1986 Voluntary Employee Contributions can only be made along with a portion of the earnings thereon, such earnings to be determined by the following formula: DA [1-(V - V+E)].


More Definitions of Voluntary Employee Contributions

Voluntary Employee Contributions means After-Tax Employee Contributions in excess of Basic Employee Contributions and Basic Salary Deferrals up to a maximum of ten percent (10%) of such Participant’s Compensation, provided that such Voluntary Employee Contributions shall be reduced pro-rata by the percentage of Voluntary Salary Deferrals during such period with respect to such Participant so that Voluntary Employee Contributions together with Voluntary Salary Deferrals do not exceed ten percent (10%) of the Participant’s Compensation during such period with respect to such Participant.
Sample 1
Voluntary Employee Contributions means an amount that a Participant elects to have deducted from his salary or wages and contributed to the Participant's Voluntary Employee Contributions Account, after income taxes have been withheld on such amounts. Section 3.4 contains the provisions under which Voluntary Employee Contributions may be made.
Sample 1
Voluntary Employee Contributions means voluntary after-tax contributions made to the Prior Plan by a Participant.
Sample 1
Voluntary Employee Contributions means the amounts contributed under the Plan by the Employee in accordance with Section 3.1.
Sample 1
Voluntary Employee Contributions means amounts contributed by an employee to a plan, pursuant to the provisions of the plan, that are not mandatory employee contributions.
Sample 1
Voluntary Employee Contributions. Pre-tax contributions made by a Participant at his discretion, prior to Plan Years beginning in 1987, and after-tax contributions made by a Participant at his discretion, but not including Xxxx Deferrals or Xxxx XXX Contributions.
Sample 1

Related to Voluntary Employee Contributions

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • Employee Contribution means any contribution made to the Plan by or on behalf of a Participant that is included in the Participant's gross income in the year in which made and that is maintained under a separate account to which earnings and losses are allocated.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Employer Contributions means all amounts paid into ASRS by an

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • Nonelective Contribution means an amount contributed by a participating

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Member contributions means all amounts paid to ASRS by a member.