Testing Year definition

Testing Year means the twelve (12) month period ending on the Specified Employee Identification Date, as determined from time to time.
Testing Year means the Plan Year for which the limitations on "deferral percentages" and "contribution percentages" of Highly Compensated Employees are being determined.
Testing Year means the 12 month period ending on the Specified Employee Identification Date, as determined from time to time.

Examples of Testing Year in a sentence

  • The Plan Administrator will include in the ACP test as a zero an ACP Participant who for the Testing Year: (i) is eligible to make Employee Contributions but who does not do so; or (ii) is eligible to make Elective Deferrals and to receive an allocation of any Matching Contributions based on Elective Deferrals but who does not make any Elective Deferrals.

  • A forfeiture under this Section 3.07(A)(1)(c) occurs no later than the Plan Year following the Testing Year and the forfeiture is allocated in the Plan Year described in Section 3.07(B).

  • Under Prior Year Testing, to count the QNEC in the ACP test, the Employer must contribute a QNEC by the end of the Testing Year.

  • If the Plan Administrator determines the Plan fails to satisfy the ACP test for a Plan Year, the Vendor, as directed by the Plan Administrator, by the end of the Plan Year which follows the Testing Year (or any later date determined under Code §7508A), must distribute the Vested Excess Aggregate Contributions, as adjusted for Allocable Income under Section 4.11(B)(2).

  • To be included in the ACP test, a Matching Contribution must be made on account of an Employee's Elective Deferrals or Employee Contributions for the Testing Year.


More Definitions of Testing Year

Testing Year means for purposes of the ADP test described in Section 14.08 and the ACP test described in Section 14.09, the Plan Year for which the ADP or ACP test is being performed.
Testing Year means the twelve (12) month period ending on the Specified Employee Identification Date.
Testing Year means the twelve (12) month period ending on the Specified Employee Identification Date, as determined from time to time. 10. EMPLOYEES OF SEMPRA ENERGY TRADING CORPORATION AND SEMPRA ENERGY SOLUTIONS LLC This Section 10 includes special provisions relating to the benefits of the Participants who are employed by Sempra Energy Trading Corporation (“SET”) and Sempra Energy Solutions LLC (“SES”).
Testing Year means a Plan Year which begins prior to the end of the last Plan Year for which the Plan was a Top Heavy Plan, but excluding Plan Years beginning before 1984.
Testing Year means the calendar year.
Testing Year means for purposes of the ADP test described in Section 14.08 and the ACP test described in Section 14.09, the Plan Year for which the ADP and ACP test is being performed.
Testing Year means the Plan Year for which the testing required under Section 4.8 is being conducted.