Allocation of Forfeitures of Excess Aggregate Contributions. Forfeitures of Excess Aggregate Contributions shall be (Choose one): Option 1: [_] Allocated, after all other Forfeitures under the Plan, to each Contributing Participant's Matching Contribution account in the ratio which each Contributing Participant's Compensation for the Plan Year bears to the total Compensation of all Contributing Participants for such Plan Year. Such Forfeitures will not be allocated to the account of any Highly Compensated Employee.
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Sources: Flexible Nonstandardized Safe Harbor 401(k) Profit Sharing Plan Adoption Agreement (Nabi /De/)
Allocation of Forfeitures of Excess Aggregate Contributions. Forfeitures of Excess Aggregate Contributions shall be (Choose one):
Option CHOOSE ONE): OPTION 1: [_[ ] Allocated, after all other Forfeitures under the Plan, to each Contributing Participant's Matching Contribution account in the ratio which each Contributing Participant's Compensation for the Plan Year bears to the total Compensation of all Contributing Participants for such Plan Year. Such Forfeitures will not be allocated to the account of any Highly Compensated Employee.
Appears in 1 contract
Sources: 401(k) Profit Sharing Plan Adoption Agreement (Miami Computer Supply Corp)
Allocation of Forfeitures of Excess Aggregate Contributions. Forfeitures of Excess Aggregate Contributions shall be (Choose choose one):
) Option 1: [_] __ Allocated, after all other Forfeitures under the Plan, to each Contributing Participant's Matching Contribution account in the ratio which each Contributing Participant's Compensation for the Plan Year bears to the total Compensation of all Contributing Participants for such Plan Year. Such Forfeitures will not be allocated to the account of any Highly Compensated Employee.
Appears in 1 contract
Sources: Prototype Defined Contribution Plan and Trust/Custodial Account (Connecticut Water Service Inc / Ct)