Code Section 401(m) Test Sample Clauses


Code Section 401(m) Test. The Plan will satisfy the “actual contribution percentage test” of Code § 401(m)(2) for such Plan Year. If the actual contribution percentage test is not satisfied for a Plan Year for which it is required to be satisfied, then the Matching Contributions made on behalf of the Participants who are Highly Compensated Employees for such Plan Year will be reduced as follows: