FORFEITURES OF EXCESS AGGREGATE CONTRIBUTIONS. Forfeitures of Excess Aggregate Contributions are either reallocated to the accounts of Contributing Participants who are not Highly Compensated Employees or applied to reduce Employer Contributions, as selected in the Adoption Agreement.
Appears in 1 contract
Sources: 401(k) Profit Sharing Adoption Agreement (Kevco Inc)
FORFEITURES OF EXCESS AGGREGATE CONTRIBUTIONS. Forfeitures of Excess Aggregate Contributions are may either be reallocated to the accounts of Contributing Participants who are not Highly Non-highly Compensated Employees or applied to reduce Employer Contributionscontributions, as selected elected by the Employer in Section 17 of the CODA Adoption Agreement.
Appears in 1 contract
Sources: Tax Sheltered Custodial Account Agreement (New England Funds Trust I)