Employer Nonelective Contributions Clause Samples

Employer Nonelective Contributions. If so elected under Part 4C of the Agreement, the Employer may make Employer Nonelective Contributions on behalf of each Eligible Participant under the Plan who has satisfied the allocation conditions described in Part 4C, #24 of the Agreement. See Section 2.6. The Employer must designate under Part 4C, #20 of the Agreement the amount of any Employer Nonelective Contributions it wishes to make under the Plan. The amount of any Employer Nonelective Contributions authorized under the Plan and the method of allocating such contributions is described in Section 2.2 of this Article.

Employer Nonelective Contributions. Employer Nonelective Contributions are contributions made by the Employer on behalf of Eligible Participants under the 401(k) Plan, as designated under Part 4C of the 401(k) Agreement. Employer Nonelective Contributions also include any QNECs the Employer makes pursuant to Part 4C, #22 of the 401(k) Agreement and any Safe Harbor Nonelective Contributions the Employer makes pursuant to Part 4E of the 401(k) Agreement. See Section 2.3(d).

Employer Nonelective Contributions. Instead of making a matching contribution, an Employer may make a nonelective contribution equal to 2% of each Eligible Employee’s Compensation, without regard to whether the Employee was making salary reduction contributions for the applicable calendar year. The Compensation that is taken into account for this 2% nonelective contribution is limited to $200,000, and may be adjusted by the IRS for cost of living increases in accordance with Section 401(a)(17) of the Code. Eligible employees must be notified by the Employer that a 2% nonelective contribution will be made instead of a matching contribution within a reasonable period of time before the Election Period. The Custodian

Employer Nonelective Contributions. If you are eligible to participate in your Employer’s SIMPLE Plan, your Employer may make a nonelective contribution for equal to 2% of your compensation, without regard to whether you elected to make salary reduction contributions for the applicable calendar year. This contribution would be made instead of any matching contribution by your Employer. Your Employer must notify you that a 2% nonelective contribution will be made instead of a matching contribution within a reasonable period of time before the Election Period for the applicable Plan Year. Rollover Contributions. You may roll over contributions from other SIMPLE- IRAs which consist of cash, and the Custodian may, but shall not be obligated to, accept all or any part of any other rollover contribution from a SIMPLE-▇▇▇ to your

Employer Nonelective Contributions. Instead of making a matching contribution, an Employer may make a nonelective contribution equal to 2% of each eligible employee’s compensation, without regard to whether the employee was making salary reduction contributions for the applicable calendar year. The compensation that is taken into account for this 2% non- elective contribution is limited to $200,000, as may be adjusted by the IRS for cost of living increases in accordance with Section 401(a)(17) of the Code. Eligible employees must be notified by the Employer that a 2% non- elective contribution will be made instead of a matching contribution within a reasonable period of time before the Election Period. The Custodian shall not be responsible for determining the amount of any nonelective contribu- ▇▇▇▇ made on behalf of the Depositor, nor shall the Custodian be responsible to recommend or compel any Employer contributions to the Account. The disposition of excess nonelective contributions will be made in accordance with instructions from the Depositor (or the Depositor’s Authorized Agent, or, after the death of the Depositor, the Beneficiary) or the Depositor’s Employer, as the case may be, to the Custodian in a form and manner acceptable to it.

Employer Nonelective Contributions. Employer Nonelective Contributions are contributions made by the Employer on behalf of Eligible Participants under the profit sharing plan or the 401(k) plan, as designated under Part 4C of the Profit Sharing/401(k) Agreement. Employer Nonelective Contributions also include any QNECs the Employer makes pursuant to Part 4C, #22 of the Profit Sharing/401(k) Agreement and any Safe Harbor Nonelective Contributions the Employer makes pursuant to Part 4E of the Profit Sharing/401(k) Agreement. See Section 2.3(d).

Employer Nonelective Contributions. If you are eligible to participate in Rollover Contributions. You may roll over contributions from other SIMPLE-IRAs which consist of cash, and the Custodian may, but shall not

Employer Nonelective Contributions. (See Sections 2.3(d) and (e) of the BPD) [ ] CHECK THIS SELECTION AND COMPLETE THIS PART 4C TO ALLOW FOR EMPLOYER NONELECTIVE CONTRIBUTIONS. [NOTE: Do not check this selection if the only Employer Nonelective Contributions authorized under the Plan are Safe Harbor Nonelective Contributions. Instead, complete the applicable elections under Part 4E of this Agreement.] [ ] 20. EMPLOYER NONELECTIVE CONTRIBUTION (OTHER THAN QNECs): [ ] a. DISCRETIONARY. Discretionary with the Employer.

Employer Nonelective Contributions. The Plan Administrator shall allocate and ---------------------------------- credit the contribution, if any, the Employer designates as an Employer Nonelective Contribution to the Elective Deferrals Account of each Participant in the same ratio that each Participant's Testing Compensation for the Plan Year bears to the total Testing Compensation of all Participants for the Plan Year. The Plan Administrator may include an Employer Nonelective Contribution in the ADP test described in Section 4.12 or in the ACP test described in Section 4.13, to the extent necessary to satisfy either test, but the Plan Administrator shall not use the same Employer Nonelective Contribution allocated to a Participant's Account for purposes of satisfying both tests. For purposes of allocating the Employer Nonelective Contribution, "Participant" shall mean Participants who are not Highly Compensated Employees. Notwithstanding Section 4.02 of the Holland & ▇▇▇▇ Defined Contribution Basic Plan Document and Trust Agreement, Accounting Date shall mean the date the Trustee receives the Employer Nonelective Contribution for purposes of allocating net income, gain, or loss under Section 4.08 to the Participants' Elective Deferrals Accounts.