Code §3401 Compensation Definition - Law Insider

Code §3401 Compensation definitionCode §3401 Compensation means wages within the meaning of Code §3401(a) (for purposes of income tax withholding at the source), but determined without regard to any rules that limit the remuneration included in wages based on the nature or location of the employment or the services performed (such as the exception for agricultural labor in Code §3401(a)(2)).View SourceBased on 3 documents3Draft with AISplit ViewAI-Powered Contracts

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Examples of Code §3401 Compensation in a sentence

• Pursuant to Section 2.5(c)(2) of the Amendment, an Employee’s Code §415(c)(3) Compensation which is used to determine any Top Heavy Minimum Allocations and whether an Employee is also a Key Employee is: (check one) x Form W-2 Compensation ¨ Code §3401 Compensation ¨ Safe Harbor Code §415 Compensation ¨ Statutory Code §415 Compensation (b) Code 1415(c)(3) Compensation for Code §415 Limitation Determinations.

• Pursuant to Section 2.5(c)(2) of the Amendment, an Employee’s Code §415(c)(3) Compensation which is used to determine any Top Heavy Minimum Allocations and whether an Employee is also a Key Employee is: (check one) x Form W-2 Compensation ¨ Code §3401 Compensation ¨ Safe Harbor Code §415 Compensation ¨ Statutory Code §415 Compensation (b) Code §415(c)(3) Compensation for Code §415 Limitation Determinations.

• In determining the ACP Test, the term Compensation means a Participant’s Code §3401 Compensation.

• Pursuant to Section 2.5(c)(2) of the Amendment, an Employee’s Code §415(c)(3) Compensation which is used to determine any Top Heavy Minimum Allocations and whether an Employee is also a Key Employee is: (check one) ¨ Form W-2 Compensation x Code §3401 Compensation ¨ Safe Harbor Code §415 Compensation ¨ Statutory Code §415 Compensation (b) Code §415(c)(3) Compensation for Code §415 Limitation Determinations.

• The term Code §3401 Compensation means wages within the meaning of Code §3401(a) that are actually paid or made available in gross income for the purposes of income tax withholding at the source but determined without regard to any rules under Code §3401 that limit the remuneration included in wages based on the nature or location of the employment or the services performed (such as the exception for agricultural labor in Code §3401(a)(2)).

• In determining the ADP Test, the term Compensation means a Participant’s Code §3401 Compensation.

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