Amount of Contribution – Effective April 1, 2016, the employer shall contribute each plan year on behalf of each active participant who elects a Roth elective deferral under Code section 402A a sum equal to the amount that the participant has elected to contribute as a Roth elective deferral pursuant to a salary reduction agreement. The contribution shall be credited to the participant's Roth elective deferral account.
Amount of Contribution – Effective April 1, 2016, theThe employer shall contribute each plan year on behalf of each active participant who elects a Roth electivesalary deferral under Code section 402A a sum equal to the amount that the participant has elected to contribute as a Roth elective deferral pursuant todefer under a salary reduction agreement.arrangement or under a cash or deferred arrangement. The contribution shall be credited to the participant's Rothemployee 401(k) elective deferral account.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.