SECTION 1. | ESTABLISHMENT AND PURPOSE OF THE PLAN. |
SECTION 2. | ELIGIBILITY AND PARTICIPATION. |
SECTION 3. | DEFERRED CONTRIBUTIONS. |
SECTION 4. | ROTH CONTRIBUTIONS. |
SECTION 5. | MATCHING CONTRIBUTIONS. |
SECTION 6. | MINIMUM COMPANY CONTRIBUTIONS. |
SECTION 7. | LIMITATION ON CONTRIBUTIONS. |
SECTION 8. | ACCOUNTS AND VALUATION. |
SECTION 9. | INVESTMENT OF ACCOUNTS. |
SECTION 10. | EMPLOYEE STOCK OWNERSHIP PLAN. |
SECTION 11. | VESTING. |
SECTION 12. | DISTRIBUTION OF PLAN BENEFITS. |
(ii) If the amount of the Participant’s Plan Benefit exceeds $5,000 (determined as of the date of distribution), the Participant’s Plan Benefit shall not be distributed until he or she ceases to be an Employee and has elected to receive the Plan Benefit pursuant to Section 18, but in no event shall a Participant’s Plan Benefit be distributed (or commence being distributed) later than the Participant’s Required Beginning Date.
SECTION 13. | WITHDRAWALS. |
(D)) the need to prevent the eviction of the Participant from, or a foreclosure on the mortgage of, the Participant’s principal residence;
SECTION 14. | LOANS. |
SECTION 15. | GENERAL PROVISIONS. |
SECTION 16. | FIDUCIARY RESPONSIBILITIES AND PLAN ADMINISTRATION. |
SECTION 17. | FUNDING POLICY AND METHOD. |
SECTION 18. | CLAIMS PROCEDURE. |
SECTION 19. | APPEAL PROCEDURES. |
SECTION 20. | AMENDMENT AND TERMINATION OF THE PLAN. |
SECTION 21. | DEFINITIONS. |
SECTION 22. | EXECUTION. |
By: | |
[NAME] | |
[TITLE] | |
SECTION 1. DEFINITIONS | B-1 | |
(a) “ACP Test” | B-1 | |
(b) “Actual Contribution Percentage” | B-1 | |
(c) “Actual Deferral Percentage” | B-1 | |
(d) “ADP Test” | B-1 | |
(e) “Aggregate 401(k) Contributions” | B-1 | |
(f) “Aggregate 401(m) Contributions” | B-2 | |
(g) “Annual Deferral Limit” | B-3 | |
(h) “Average Contribution Percentage” | B-3 | |
(i) “Average Deferral Percentage” | B-4 | |
(j) “Current Year Testing Method” | B-4 | |
(k) “Excess Aggregate Contributions” | B-4 | |
(l) “Excess Contributions” | B-4 | |
(m) “Excess Deferrals” | B-5 | |
(n) “HCE Group” | B-5 | |
(o) “Highly Compensated Employee” | B-5 | |
(p) “NHCE Group” | B-6 | |
(q) “Nonhighly Compensated Employee” | B-6 | |
(r) “Participant” | B-6 | |
(s) “Plan” | B-6 | |
(t) “Plan Coverage Change” | B-6 | |
(u) “Prior Year Testing Method” | B-7 | |
(v) “Qualified Matching Contributions” | B-7 | |
(w) “Qualified Nonelective Contributions” | B-7 | |
(x) “Section 414(s) Compensation” | B-7 | |
(y) “Testing Method” | B-8 | |
(z) “Top-Paid Group” | B-9 | |
(aa) “Total Compensation” | B-10 | |
SECTION 2.DEFERRAL AND AVERAGE DEFERRAL PERCENTAGE LIMITATIONS | B-10 | |
(a) Maximum Annual Deferral Amount and Correction of Excess Deferrals. | B-10 | |
(b) Average Deferral Percentage Limitation | B-11 | |
(c) Determination of Maximum Actual Deferral Percentage and Dollar Amount of Excess Contributions. | B-11 | |
(d) Allocation of Excess Contributions to Highly Compensated Employees. | B-12 | |
(e) Correction of Excess Contributions. | B-13 | |
(f) Special Rules. | B-14 | |
SECTION 3.AVERAGE CONTRIBUTION PERCENTAGE LIMITATIONS | B-15 | |
(a) Average Contribution Percentage Limitation. | B-15 | |
(b) Determination of Maximum Actual Contribution Percentage and Dollar Amount of Excess Aggregate Contributions. | B-15 |
(c) Allocation of Excess Aggregate Contributions to Highly Compensated Employees. | B-16 | |
(d) Correction of Excess Aggregate Contributions. | B-17 | |
(e) Special Rules. | B-118 | |
SECTION 1. | DEFINITIONS |
SECTION 2. | DEFERRAL AND AVERAGE DEFERRAL PERCENTAGE LIMITATIONS |
SECTION 3. | AVERAGE CONTRIBUTION PERCENTAGE LIMITATIONS |