Roth Elective Deferral Definition | Law Insider

Roth Elective Deferral definitionRoth Elective Deferral means a Salary Reduction Contribution that has been irrevocably designated as Roth Elective Deferral by the Participant in his or her Salary Reduction Agreement and that is includible in the Participant’s gross income for tax purposes at the time the deferral is made pursuant to Code Section 402A and any applicable guidance or regulations issued thereunder. Roth Elective Deferrals may be treated as Catch-Up Contributions. Roth Elective Deferrals shall be maintained in a separate account for each Participant who has directed the Employer to make a Roth Elective Deferral to the Trust.View SourceBased on 11 documents11Draft with AISplit ViewAI-Powered Contracts

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Get StartedSchedule a DemoRoth Elective Deferral means an Elective Deferral that is: (i) designated irrevocably by the Participant at the time of the Compensation Reduction/Redirection Election as a Roth Elective Deferral that is being made in lieu of all or a portion of the Pre-Tax Elective Deferrals the Participant is otherwise eligible to make under the Plan; and (ii) treated by the Employer as includible in the Participant's income at the time the Participant would have received that amount in cash if the Participant had not made a Compensation Reduction/Redirection Election.View SourceBased on 7 documents7Draft with AIRoth Elective Deferral means an elective deferral that is: (a) designated irrevocably by the Member at the time of the cash or deferred election as a Roth contribution that is being made in lieu of all or a portion of the pre-tax elective deferrals the Member is otherwise eligible to make under the Plan; and (b) treated by the Employer as includible in the Member’s income at the time the Member would have received that amount in cash if the Member had not made a cash or deferred election.View SourceBased on 4 documents4Draft with AI

Examples of Roth Elective Deferral in a sentence

• If permitted by the Plan, and as reported to us by the Employer or the Employer's Designee, you may choose the source of a transaction, that is, whether a withdrawal, transfer, loan or other distribution permitted under the Plan and this 403(b) Contract will be made from the Roth Elective Deferral ▇▇▇▇ribution separate account or from other accounts maintained under this Contract.

• If permitted by the Plan, and as reported to us 2008TSA-I by the Employer or the Employer's Designee, you may choose the source of a transaction, that is, whether a loan permitted under the Plan and this 403(b) Contract will be made from the Roth Elective Deferral ▇▇▇▇ribution separate account or from other accounts maintained under this Contract.

More Definitions of Roth Elective Deferral

Roth Elective Deferral means, effective with respect to pay periods ending on or after January 1, 2007, or such later date as the Administrator shall determine, the Employer contribution made pursuant to a Participant’s election under Section 3.1(a) to contribute a stated percentage, from one percent (1%) to one hundred percent (100%) of his future Compensation in lieu of receiving such amount directly in cash and to have such amount contributed to a Designated Roth Account maintained on his behalf under the Plan. A Roth Elective Deferral shall be includible in the Participant’s gross income at the time of deferral and shall be irrevocably designated as a Roth Elective Deferral by the Participant in his election.View SourceBased on 3 documents3Draft with AIRoth Elective Deferral means a Participant's Elective Deferrals that are irrevocably designated as Roth Elective Deferrals by the Participant in his or her deferral election or that are designated as such in accordance with Plan provisions setting forth an Automatic Contribution Arrangement. Roth Elective Deferrals are includible in the Participant's gross income at the time deferred to the Plan.View SourceBased on 2 documents2Draft with AIRoth Elective Deferral means an Elective Deferral designated irrevocably by the Participant at the time of the cash or deferred election as an Elective Deferrals that is being made in lieu of all or a portion of the Pre-Tax Elective Deferrals the Participant is otherwise eligible to make under the Plan; and is treated by the Employer as includible in the Participant’s income at the time the Participant would have received that amount in cash if the Participant had not made a cash or deferred election.View SourceBased on 2 documents2Draft with AIRoth Elective Deferral means a Salary Deferral Contribution (including a Catch-Up Contribution) that is: (a) designated irrevocably by the Participant in a Salary Deferral Agreement as a Roth Elective Deferral that is in lieu of all or a portion of the pre-tax Salary Deferral Contributions the Participant is otherwise eligible to make, and (b) included in the Participant’s income at the time the Participant would have otherwise received that amount in cash.View SourceBased on 2 documents2Draft with AIRoth Elective Deferral means an Elective Deferral that is:View SourceBased on 2 documents2Draft with AIRoth Elective Deferral means an elective deferral that is designated irrevocably by the Participant as a “Roth Elective Deferral” that is being made in lieu of all or a portion of the Pre-Tax Contributions that the Participant is otherwise eligible to make under the Plan; provided that it is treated by the Participating Company as includible in the Participant’s income at the time the Participant would have received that amount in cash if the Participant had not made such election.View SourceBased on 1 documents1Draft with AIRoth Elective Deferral means an election made by a Participant pursuant to Section 3.1 hereof to have the Company make a Designated Roth Contribution, which term shall mean any elective deferral which is excludible from theView SourceBased on 1 documents1Draft with AI

Related Definitions

• Elective Deferral
• Excess Elective Deferrals
• Elective Deferrals
• Deferral Contributions
• Non-Elective Contribution