Safe Harbor Matching Contribution. The Employer will make an Employer Matching Contribution with respect to an Eligible Participant?s Section 401(k) Deferrals and/or Employee After-Tax Contributions (?applicable contributions?) under the following formula: [Complete selection a. orb. In addition, complete selection c. Selection d. may be checked in addition to a. orb. and c.] [ ] a. Basic formula: 100% of applicable contributions up to the first 3% of Included Compensation, plus 50% of applicable contributions up to the next 2% of Included Compensation.
Appears in 1 contract
Sources: Profit Sharing/401(k) Plan Adoption Agreement (Capital Corp of the West)
Safe Harbor Matching Contribution. The Employer will make an Employer Matching Contribution with respect to an Eligible Participant?s Participant's Section 401(k) Deferrals and/or Employee After-Tax Contributions (?"applicable contributions?") under the following formula: [Complete selection a. orb. or b. In addition, complete selection c. Selection d. may be checked in addition to a. orb. or b. and c.] [ ] a. Basic formulaBASIC FORMULA: 100% of applicable contributions up to the first 3% of Included Compensation, plus 50% of applicable contributions up to the next 2% of Included Compensation.
Appears in 1 contract
Sources: 401(k) Plan Adoption Agreement (Books a Million Inc)