Common use of ACP Testing Method Clause in Contracts

ACP Testing Method. The ACP Test will be performed using the following testing method: (See Section 6.02(a)(2) of the Plan.) (1) The Plan will use the Current Year Method in running the ACP Test. (2) The Plan will use the Prior Year Method in running the ACP Test. [Note: If the Plan is intended to be a Safe Harbor Plan (as designated in AA §6C below), the Plan must use the Current Year Method.]

Appears in 1 contract

Sources: 403(b) Plan Adoption Agreement

ACP Testing Method. The ACP Test will be performed using the following testing method: (See Section 6.02(a)(2) of the Plan.) ) ¨ (1) The Plan will use the Current Year Method in running the ACP Test. . ¨ (2) The Plan will use the Prior Year Method in running the ACP Test. [Note: If the Plan is intended to be a Safe Harbor Plan (as designated in AA §6C below), the Plan must use the Current Year Method.]

Appears in 1 contract

Sources: 403(b) Plan Adoption Agreement