Prior year testing definition

Prior year testing means for purposes of the ADP test described in Section 14.08 and the ACP test described in Section 14.09, the use of data from the Plan Year immediately prior to the testing year in determining the ADP or ACP for the Nonhighly Compensated Group.
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Prior year testing. The prior year ratio will be used for the Plan Year beginning in the year specified below. (If this election is made for the first year the Code Section 401(m) feature is added to this Plan (unless this Plan is a successor plan), the amount taken into account as the ACP of Non-Highly Compensated Employees for the preceding Plan Year will be 3%.)
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Prior year testing means the ADP test set forth in Subsection 4.9(a) and the ACP test set forth in Subsection 4.11(a).
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Examples of Prior year testing in a sentence

  • Prior year testing method means the testing meth- od under which the applicable year is the prior plan year, as described in§ 1.401(k)–2(a)(2)(ii) or 1.401(m)– 2(a)(2)(ii).Qualified matching contributions (QMACs).

  • Prior year testing method means the testing meth- od under which the applicable year is the prior plan year, as described in§ 1.401(k)–2(a)(2)(ii) or 1.401(m)–2(a)(2)(ii)Qualified matching contributions (QMAC).

  • Prior year testing method means the test- ing method under which the appli- cable year is the prior plan year, as described in §1.401(k)–2(a)(2)(ii) or§1.401(m)–2(a)(2)(ii).Qualified matching contributions (QMACs).

  • Prior year testing method means the testing method under which the applicable year is the prior plan year, as described in§ 1.401(k)–2(a)(2)(ii) or § 1.401(m)– 2(a)(2)(ii).Qualified matching contributions (QMACs).

  • Prior year testing simplifies plan administration because an employer can determine the percentage of employee and matching contributions that can be made on behalf of HCEs early in the plan year and have more time to plan for correction.

  • No. Prior year testing does not permit a QNEC because the 12-month time period during which a QNEC is permitted is past.

  • Prior year testing revealed that a significant portion of these funds, $133,000, had been diverted for use to finance the operation of county government, such as for the purchase of law enforcement equipment.

  • Prior year testing method means the testing meth- od under which the applicable year is the prior plan year, as described in§ 1.401(k)–2(a)(2)(ii) or 1.401(m)– 2(a)(2)(ii).

  • Prior year testing by the external auditors identified four instances where not all participant assets were verified or properly entered into the system to support participant eligibility.

  • The system is controversial, partly due to claims that Norwegian families abuse the system to acquire underpaid domestic help, particularly from the Philippines.


More Definitions of Prior year testing

Prior year testing means for purposes of the ADP test described in Section 14.08 and the ACP test described in Section 14.09, the use of data from the Plan Year immediately prior to the testing year in determining the ADP or ACP for the Nonhighly
Sample 1
Prior year testing. The prior year ratio will be used for the Plan Year beginning in 2002 . (Note: If this election is made for the first year the Code Section 401(k) or 401(m) feature is added to this Plan (unless this Plan is a successor plan), the amount taken into account as the ADP and ACP of Non-Highly Compensated Employees for the preceding Plan Year will be 3%.) c. [ ] CURRENT YEAR TESTING: The current year ratio will be used for the Plan Year beginning in ___________.
Sample 1
Prior year testing. The prior year ratio will be used for the Plan Year beginning in _____. (Note: If this election is made for the first year the Code Section 401(k) or 401(m) feature is added to this Plan (unless this Plan is a successor plan), the amount taken into account as the ADP and ACP of Non-Highly Compensated Employees for the preceding Plan Year will be 3%.) c. [ ] CURRENT YEAR TESTING: The current year ratio will be used for the Plan Year beginning in _____. NOTE: In any Plan Year where the ADP Test Safe Harbor is being used but not the ACP Test Safe Harbor, then c. above must be used if an ACP test applies for such Plan Year. TOP HEAVY REQUIREMENTS
Sample 1
Prior year testing. The prior year ratio will be used for the Plan Year beginning in the year specified below. (If this election is made for the first year the Code Section 401(k) feature is added to this Plan (unless this Plan is a successor plan), the amount taken into account as the ADP of Non-Highly Compensated Employees for the preceding Plan Year will be 3%.) 1. [ ] 1997 2. [ ] 1998 3. [ ] 1999 4. [ ] 2000 5. [ ] ____ b. [X] CURRENT YEAR TESTING: The current year ratio will be used for the Plan Year beginning in: 1. [X] 1997 2. [ ] 1998 3. [ ] 1999 4. [ ] 2000 5. [ ] ____
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Prior year testing. The Actual Deferral Percentage ("ADP") for a Plan Year of the Participants who are Highly Compensated Employees for that Plan Year and the ADP for the prior Plan Year of the Participants who were not Highly Compensated Employees for the prior Plan Year must satisfy one of the following tests:
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Prior year testing. The Average Contribution Percentage ("ACP") for a Plan Year of the Participants who are Highly Compensated Employees for that Plan Year and the ACP for the prior Plan Year of the Participants who were not Highly Compensated Employees for the prior Plan Year must satisfy one of the following tests:
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Related to Prior year testing

  • Prior Year means the year commencing 1 April immediately prior to the relevant Charging Year;

  • Start-Up Testing means the completion of applicable required factory and start-up tests as set forth in Exhibit C.

  • EPP test Means one EPP command sent to a particular “IP address” for one of the EPP servers. Query and transform commands, with the exception of “create”, shall be about existing objects in the Registry System. The response shall include appropriate data from the Registry System. The possible results to an EPP test are: a number in milliseconds corresponding to the “EPP command RTT” or undefined/unanswered.

  • COVID-19 test means a viral test for SARS-CoV-2 that is:

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Testing Period means a single period consisting of the four consecutive fiscal quarters of the Borrower then last ended (whether or not such quarters are all within the same fiscal year), except that if a particular provision of this Agreement indicates that a Testing Period shall be of a different specified duration, such Testing Period shall consist of the particular fiscal quarter or quarters then last ended that are so indicated in such provision.

  • Covenant Testing Period means a period (a) commencing on the last day of the fiscal quarter of Borrower most recently ended prior to a Covenant Trigger Event for which Borrower is required to deliver to Administrative Agent quarterly or annual financial statements pursuant to Section 5.2 of this Agreement, and (b) continuing through and including the first day after such Covenant Trigger Event that Availability has equaled or exceeded the greater of (i) 10% of the Borrowing Limit, and (ii) $15,000,000 for 60 consecutive calendar days.

  • ACP means the "Actual Contribution Percentage" determined pursuant to Section 12.6(d).

  • DNS test Means one non-­‐recursive DNS query sent to a particular “IP address” (via UDP or TCP). If DNSSEC is offered in the queried DNS zone, for a query to be considered answered, the signatures must be positively verified against a corresponding DS record published in the parent zone or, if the parent is not signed, against a statically configured Trust Anchor. The answer to the query must contain the corresponding information from the Registry System, otherwise the query will be considered unanswered. A query with a “DNS resolution RTT” 5 times higher than the corresponding SLR, will be considered unanswered. The possible results to a DNS test are: a number in milliseconds corresponding to the “DNS resolution RTT” or, undefined/unanswered.

  • Safe Harbor has the meaning set forth in Section 10.2(d).

  • Reference method means any direct test method of sampling and analyzing for an air pollutant as specified in 40 CFR 60, Appendix A*.

  • Genetic testing means an analysis of genetic markers to exclude or identify a man as the father or a woman as the mother of a child. The term includes an analysis of one or a combination of the following:

  • Testing service means a national testing service selected by the board.

  • ADP means Automatic Data Processing.

  • Current year means the financial year, which has already commenced, but not yet ended;

  • Cannabis testing facility means an entity registered by

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads resulting from the billing unit effects of the load reduction, as specified in Operating Agreement, Schedule 1, section 3.3A.4 and the parallel provisions of Tariff, Attachment K-Appendix, section 3.3A.4.

  • Testing Date means 31 December of each year.

  • Test means such test as is prescribed by the particulars or considered necessary by the Inspecting Officer whether performed or made by the Inspecting Officer or any agency acting under the direction of the Inspecting Officer;

  • Screening Test means a drug or alcohol test which uses a method of analysis allowed by the Minnesota Drug and Alcohol Testing in the Workplace Act to be used for such purposes.

  • Alternative method means any method of sampling and analyzing for an air pollutant that is not a reference or equivalent method but that has been demonstrated to the satisfaction of the commissioner and the U.S. EPA to, in specific cases, produce results adequate for a determination of compliance.

  • Penetration Testing means security testing in which assessors mimic real-world attacks to identify methods for circumventing the security features of an application, system, or network. (NIST SP 800-115)

  • Deferral Percentage means the percentage (which, unless the Administrator, in his or her sole discretion, determines otherwise, shall be in whole percentage increments and not more than 90%) specified by the Participant to be the percentage of each payment of Compensation he or she wishes to defer under the Plan.