EMPLOYER CONTRIBUTIONS AND ALLOCATIONS. 2.1 Amount of Employer Contributions 7 (a) Limitation on Employer Contributions 7 (b) Limitation on Included Compensation 7 (c) Contribution of property 7 (d) Frozen Plan 7 2.2 Profit Sharing Plan Contribution and Allocations 7 (a) Amount of Employer Contribution 7 (b) Allocation formula for Employer Contributions 8 (c) Special rules for determining Included Compensation 11 2.3 401(k) Plan Contributions and Allocations 11 (a) Section 401(k) Deferrals 12 (b) Employer Matching Contributions 12 (c) Qualified Matching Contributions (QMACs) 13 (d) Employer Nonelective Contributions 13 (e) Qualified Nonelective Contributions (QNECs) 13 (f) Safe Harbor Contributions 14 (g) Prior SIMPLE 401(k) plan 14 2.4 Money Purchase Plan Contribution and Allocations 14 2.5 Target Benefit Plan Contribution 14 2.6 Allocation Conditions 14 (a) Safe harbor allocation condition 15 (b) Application of last day of employment rule for money purchase and target benefit Plans in year of termination 15 (c) Elapsed Time Method 15
Appears in 1 contract
Sources: Profit Sharing/401(k) Prototype Plan and Trust (Capital Corp of the West)
EMPLOYER CONTRIBUTIONS AND ALLOCATIONS. 2.1 Amount of Employer Contributions 7 6
(a) Limitation on Employer Contributions 7 6
(b) Limitation on Included Compensation 7 6
(c) Contribution of property 7 6
(d) Frozen Plan 76
2.2 Profit Sharing Plan Contribution and Allocations 7 6
(a) Amount of Employer Contribution 7 6
(b) Allocation formula for Employer Contributions 8 7
(c) Special rules for determining Included Compensation 11 9
2.3 401(k) Plan Contributions and Allocations 11 10
(a) Section 401(k) Deferrals 12 10
(b) Employer Matching Contributions 12 11
(c) Qualified Matching Contributions (QMACs) 13 11
(d) Employer Nonelective Contributions 13 12
(e) Qualified Nonelective Contributions (QNECs) 13 12
(f) Safe Harbor Contributions 14 12
(g) Prior SIMPLE 401(k) plan 14 13
2.4 Money Purchase Plan Contribution and Allocations 14 2.5 Target Benefit Plan Contribution 14 2.6 Allocation Conditions 14 13
(a) Safe harbor allocation condition 15 Employer Contributions 13
(b) Application of last day of employment rule for money purchase and target benefit Plans in year of termination 15 Uniform percentage or uniform dollar amount 13
(c) Elapsed Time Permitted Disparity Method 1513
(d) Contribution based on service 14 (e) ▇▇▇▇▇-▇▇▇▇▇ Contribution Formula 14
Appears in 1 contract
Sources: Defined Contribution Prototype Plan and Trust Agreement (Mercantile Bancorp, Inc.)