QUALIFIED MATCHING CONTRIBUTIONS - AMOUNT. The amount of Qualified Matching Contributions made under Sections 3.1 of the Plan and A.3.1 of this Adoption Agreement and taken into account as Elective Deferral Contributions for purposes of calculating the "Actual Deferral Percentages," subject to such other requirements as may be prescribed by the Secretary of the Treasury, shall be (check one): (1) All such Qualified Matching Contributions. (2) Such Qualified Matching Contributions that are needed to meet the "Actual Deferral Percentage" test stated in Section 3.4(B)(2) of the Plan. [X] (3) N/A (Elective Deferral Contributions not permitted and/or Qualified Matching Contributions not permitted).
Appears in 1 contract
Sources: Defined Contribution Plan Adoption Agreement (Chestnut Street Exchange Fund)
QUALIFIED MATCHING CONTRIBUTIONS - AMOUNT. The amount of Qualified Matching Contributions made under Sections 3.1 of the Plan and A.3.1 of this Adoption Agreement and taken into account as Elective Deferral Contributions for purposes of calculating the "Actual Deferral Percentages," subject to such other requirements as may be prescribed by the Secretary of the Treasury, shall be (check one):
(1) All such Qualified Matching Contributions.
(2) Such Qualified Matching Contributions that are needed to meet the "Actual Deferral Percentage" test stated in Section 3.4(B)(2) of the Plan. [X[ X ] (3) N/A (Elective Deferral Contributions not permitted and/or Qualified Matching Contributions not permitted).
Appears in 1 contract
Sources: Adoption Agreement (RBB Fund Inc)