Qualified matching contributions
Qualified matching contributions (QMAC). Qualified matching contributions or QMAC means matching contributions that satisfy the requirements of 1.401-1(c) and (d) at the time the contribution is made, without regard to whether the contributions are actually taken into account as elective contributions under 1.401(k)-2(a)(6). See also 1.401(k)-2(b)(4)(iii) for a rule providing that a matching contribution does not fail to qualify as a QMAC solely because it is forfeitable under section 411(a)(3)(G) because it is a matching contribution with respect to an excess deferral, excess contribution, or excess aggregate contribution.