I'm drafting my first new comparability/cross tested, etc. plan. The employer wishes to allocate a certain % to the HCE group and a lower % to the NHC group.
In the document, does "the Employer shall make Discretionary Non-Elective Contributions on behalf of each group of Active Participants as defined in Section 2 below. Section 2 defines the two groups. Is this sufficient? May the employer also elect to contribute a certain dollar amount rather the a percentage amount to each group under this formula? Thanks.