ADP Test definition

ADP Test. The determination of whether the ADP is in compliance with the Basic or Alternative Limitation for a Plan Year (as defined in Section 12.2).
ADP Test. The Average Actual Deferral Percentage test set forth in Section 3.4.2(B) of the Plan.
ADP Test means the actual deferral percentage test determined pursuant to Section 4.5.

Examples of ADP Test in a sentence

  • As of the end of each Plan Year after Excess Elective Deferrals have been determined, the Plan must satisfy the ADP Test.

  • If the Plan Administrator should determine during the Plan Year that the ADP Test is not being met, the Plan Administrator may limit the amount of future Elective Deferral Contributions of the Highly Compensated Employees.

  • Plans may be aggregated in order to satisfy Code Section 401(k) only if they have the same plan year and use the same testing method for the ADP Test.

  • Excess Contributions are allocated to the Highly Compensated Employees with the largest amounts of employer contributions taken into account in calculating the ADP Test for the year in which the excess arose, beginning with the Highly Compensated Employee with the largest amount of such employer contributions and continuing in descending order until all of the Excess Contributions have been allocated.

  • For purposes of the ADP Test, Elective Deferral Contributions, Qualified Nonelective Contributions, and Qualified Matching Contributions must be made before the end of the 12-month period immediately following the Plan Year to which the contributions relate.


More Definitions of ADP Test

ADP Test means the average deferral percentage test as described in Section 2(b) of this Appendix B and as set forth in section 401(k)(3) of the Code and section 1.401(k)-1 of the Treasury Regulations.
ADP Test means the Code § 401(k) nondiscrimination test described in Section 5.4.
ADP Test means the nondiscrimination test described in Code Section 401(k)(3) as provided for in subparagraph (c) of Section 3.07.
ADP Test means the actual deferral percentage test described by Section 4.5.
ADP Test means the non-discrimination test described in Code Section 401(k)(3) as provided for in Subsection 4.1(b).
ADP Test means the Actual Deferral Percentage Test.