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Fidelity 401K Plan Adoption Agreement

Fidelity 401K Plan Adoption Agreement

(A) ☑ employees covered by a collective agreement, unless the agreement requires workers to be included in the plan. (Don`t select option 1.04 (d) (1) (B) above. The Fidelity Basic Plan Document No. 17 and the accompanying adoption agreement together form the Defined Contribution Plan Of Volume Submitter. It is the responsibility of the employer agreeing to check this volume declaration document with its lawyer to ensure that the volume enrichment plan is suitable for the employer and that the adoption agreement was duly concluded prior to signing. Note: The employer cannot choose Option 1.07 (a) (4) above, unless all applicable plans (as defined in code section 414 (v) (6) (A) are covered by other sub-plans qualified under Puerto Rican law or include only workers covered by collective bargaining. Agreement in which pensions have been the subject of good faith) that are also admitted by the employer and any other employer who is treated as a single employer with the employer under paragraphs 414 (b), c), (m) or o). (b) Test method for the first year – If the first year of planning, if the plan authorizes, with the exception of an estate plan, authorizes deferred contributions or provides for either salary contributions or similar contributions, takes place on the date of effect 1.01 (g), the “ADP” and/or “ACP” test for that first year of the plan is applied using the true “ADP” and/or “ACP” of workers not affected for that first year, unless otherwise stated. (D) A participant may revoke a salary reduction contract at any time after receiving an appropriate notification to the administrator, but in this case only (check one) enter into a salary reduction agreement: (B) ☐ Instead of indicating a percentage of compensation: A member`s salary reduction agreement may indicate a dollar amount payable for each salary period, provided that this amount does not exceed the maximum percentage of compensation covered in subsection 5.03 (a) of the basic document or item 1.07(a) (1) (A). Note: If the employer replaces the provisions of option (a) above, the employer should not rely on the volume sub-transmitter sponsor`s advice letter for the qualification of its plan. In addition, such replacement provisions may, in certain circumstances, affect the status of the plan as a pre-approved volume enrichment plan that is eligible for the six-year remediation cycle. (i) employees within the meaning of Treasury Regulation Section 1.410 (b) 6 (d) (2) (2), who are covered by the following collective agreements: (International Association of Machinists and Aerospace Workers, Sidney Lodge No.

1529 (Amphenol Sidney Union); International Brotherhood of Electrical Workers, Local 2015 (Amphenol RF union); The United Steelworkers, Local Union #9428 (TFC Union). Note: Regardless of the employer`s choice under Option 1.11 (a) (a) (3), 401 (k) Safe Harbor Matching Employer Contributions or option 1.12 (a) (a) (3), 401 (k) Safe Harbor Formula for ineligible employer contributions; The plan provides that an active participant can amend their salary reduction contract for the planned year within a reasonable period of time (no less than 30 days) after receiving the notification described in section 6.09 of the background document. (1) ☐ for each planning year, whether or not the plan is a “high-heavy plan” within the meaning of subsection 15.01 (g) of the basic document. Note: If eligibility requirements other than those applicable to employer contributions are retained for die and the plan becomes a “basic plan,” the employer may be required to make a minimum contribution for non-important workers who have met the eligibility requirements for deferral contributions and who work on the last day of the plan year, but who have not met the eligibility requirements for the employer contributions.