QMAC

(redirected from Qualified Matching Contributions)
AcronymDefinition
QMACQAM (Quadrature Amplitude Modulation) Multiple-Access Channel
QMACQualified Matching Contributions (qualified retirement plans)
QMACQueen's Marketing Association Conference (Canada)
QMACQuad Media Access Controller (Cisco)
QMACQuestionnaire on Method of Allocating Costs (UK MOD)
QMACQuadripartite Materiel & Agreements Committee
References in periodicals archive ?
In lieu of this complicated formula, employers are permitted to use safe-harbor methods that involve making either (1) qualified matching contributions or (2) nonelective contributions to all eligible non-highly compensated employees.
In lieu of this complicated formula, employers are permitted to use safe-harbor methods that involve either (1) making qualified matching contributions or (2) making nonelective contributions to all eligible non-highly compensated employees.
The plan can either make a qualified non-elective contribution for all eligible non-HCEs (3% or more of compensation, which can also be contributed for the HCEs) or offer qualified matching contributions (100% matching for the first 3% of elective contributions, and 50% matching on the next 2%, or some alternative matching formula at least as generous).
When the chips are down, plan sponsors can pull out one or both of the Aces-in-the-Hole allowed by law: Qualified Matching Contributions (QMACs) and Qualified Nonelective Contributions (QNECs).
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