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4D, Resolution 2010-042 - City Administrator's ICMA-RC Money Purchase Plan & Trust
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4D, Resolution 2010-042 - City Administrator's ICMA-RC Money Purchase Plan & Trust
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10/24/2024 10:13:42 AM
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8/30/2010 10:02:30 AM
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ICMA-RC Money Purchase Plan & Trust
General - Type
ICMA-RC Money Purchase Plan & Trust
Date
9/30/2010
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4. �'ar�icipan� eontributions for a Plan Year sha11 be contrib�red ta r#�e Trust in accordance with the fo�Iowing <br />payme�t schedu�e (no later than t�e i5th c��y of �he ter�nc �a�endar rnonr� fo�iow��g the end of the �a�endar �ear <br />or fiscal year {as applicab3e cfe�er�ding o� t�e basis on whzch the Emplayer keeps its books} witl� or w�thin ��hich <br />rhe particula�- L�mi�a�ian �ear ends> or in accordance with a�p�icable �ativ)_ <br />VII_ �A�N�NGS <br />Earnings, as de�ned under Section 2.09 0� the �'Ian, sha11 include: <br />(a} �vertime <br />Yes � No <br />(b) $onuses <br />i� Yes No <br />�c) Oth�r Pay {sFecifically descr��e any other types of pay ta be incIuded below} <br />VIII. The EmplQyer will permit rollover contrib�tio�s in accordance with Section 4.I i of the �'Ian. <br />Yes � No <br />iX. LIMI�'ATIO�T OI�T ALLOC�TIONS <br />�f the Emp�oyer maintains or ever mai�tainec� anot�er qua�i�ied ��an in w�ic� ar�y Participant in this Plan is (ar Was} a <br />part�cipant c�r coula possi��y �ecnme a participant, the Emp�oyer herei�y ag�rees tc� lirnit c�ntributic�ns to a�I such plans <br />as prov�ded herein, if necessary in order tt� avotd excess cor�tributions (as d�scribed �n Sec�ions 5_02 of che Plan)_ <br />�_ �{��� �'ar���:ga�-:€ :� cavered ���de� a��€�e� q�a�F�ec� u'e��e� contribu�io� p�an mai��ained b� t�e �rr�R�ayer, t�e <br />provisions of Section S.O��a) through {� o� the P�an wil� applv un�ess anorher rnethod has been indicated below. <br />� t�ther 1Vlethod. (Provi�e �he me�had ur�der which the plans will Iimit tora� �nnua# Additions to the <br />1VIaYimum Per�n�ssible Ar�ounz, and will properly reduce a�y excess amoun�ts, �n a manner that precludes <br />Err�plover discretion.) <br />�. `The �im�tation year is rhe fo��avvin� �2 consec��tive month period. <br />, <br />� i ...� � � � <br />1Vloney Purchase Plan Adoption Agreement 4 <br />
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