Definition of Prior Plan Year Average Contribution Percentage


Prior Plan Year Average Contribution Percentage means the Average Contribution Percentage of Non-Highly Compensated Employees calculated for the Plan Year ending immediately prior to the applicable Plan Year and without regard to whether such persons continue to be Non-Highly Compensated Employees or Participants in the applicable Plan Year.

Examples of Prior Plan Year Average Contribution Percentage in a sentence

Prior Plan Year Average Contribution Percentage shall mean the Average Contribution Percentage of Non-highly Compensated Employees calculated for the Plan Year ending immediately prior to the applicable Plan Year and without regard to whether such Employees continue as Employees, Non-highly Compensated Employees or Participants in the applicable Plan Year.
Section 6.06 — Average Contribution Percentage Test and Prior Plan Year Average Contribution Percentage The Average Contribution Percentage Test, solely with respect to Employer Matching Contributions, shall be deemed to be passed for all Plan Years during which this Plan is a Safe Harbor Plan.