![]() With this type of plan, the Alternate Payee is typically awarded a portion of the Participant's account balance as of a specific date, expressed as either a percentage, or as a specific dollar amount, by way of a Qualified Domestic Relations Order (QDRO). Some examples of this type of plan are 401(k), 401(a), Employee Stock Ownership Plan (ESOP), Savings Plans and Profit-Sharing Plans. ![]() This type of Plan generally establishes an account for each individual Participant where a defined amount is being contributed by the Participant, the employer or both. HAWAIIAN DREDGING CONSTRUCTION COMPANY PROFIT SHARING PLAN is a DEFINED CONTRIBUTION PLAN.
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