Actual Deferral Percentage Test definition

Actual Deferral Percentage Test means the test described in Section 4.5(a).
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Actual Deferral Percentage Test means the test described in Paragraph 3.07(b)(i).
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Actual Deferral Percentage Test means the nondiscrimination test of Section 3.18 that is performed each Plan Year on a Non-Safe Harbor 401(k) Plan. In any Plan Year, if ADP Safe Harbor Contributions satisfy the requirements of Section 3.20, then the Actual Deferral Percentage Test will be deemed to be satisfied with respect to any Elective Deferrals of that Plan Year. Notwithstanding the foregoing, a Plan that makes ADP Safe Harbor Matching Contributions that satisfy the requirements of Section 3.20 is deemed to have elected the Current Year Testing Method, regardless of the testing method (Prior Year Testing Method or Current Year Testing Method) actually elected in the Adoption Agreement.
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Examples of Actual Deferral Percentage Test in a sentence

  • With regard to Elective Deferrals withdrawn pursuant to this Subsection, (A) the Administrator will disregard such Elective Deferrals in the Actual Deferral Percentage Test (if applicable); (B) the Administrator will disregard such Elective Deferrals for purposes of the limitation on Elective Deferrals under Code§402(g); (C) such Elective Deferrals are not subject to the consent requirements of Code §401(a)(11) or 417.

  • Second, this process is repeated until the Actual Deferral Percentage Test is satisfied.

  • The Average Actual Deferral Percentage Test for all contributions to the ESOP portion of the Plan will be computed separately under this Section.

  • The determination and treatment of Actual Deferral Percentages and Excess 401(k) Contributions, and the operation of the Average Actual Deferral Percentage Test shall be in accordance with such additional requirements as may be prescribed by the Secretary of the Treasury.

  • The Excess Deferrals of a Highly Compensated Employee shall be taken into account for purposes of the Actual Deferral Percentage Test.


More Definitions of Actual Deferral Percentage Test

Actual Deferral Percentage Test or "ADP Test" shall mean a nondiscrimination test set forth in Code Section 401(k) as explained in Article VI.
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Actual Deferral Percentage Test refers collectively to the tests set forth in paragraphs (1) and (2) of subsection (a) of this Section 7.7
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Actual Deferral Percentage Test. For each Plan Year beginning after December 31, 1986, the Actual Deferral Percentage for the group of eligible Highly Compensated Employees shall bear a relationship to the Actual Deferral Percentage for all other eligible employees that meets either of the following tests:
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Actual Deferral Percentage Test means the test described in Section 5.02 hereof.
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Actual Deferral Percentage Test or “ADP Test” means the actual deferral percentage test set forth in Code § 401(k)(3) and which is more particularly described in Article VI (Contribution Limitations and Testing). The Plan shall be subject to the ADP Test unless the Employer elects the Non-QACA Safe Harbor option or the QACA Safe Harbor option in the Adoption Agreement, as further provided in Article IV (Employer Contributions).
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Actual Deferral Percentage Test or “ADP Test” means the test described under Section 4.4.
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Actual Deferral Percentage Test means a nondiscrimination test set forth in Code Section 401(k) as explained in Article VI.
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