Examples of ACP Test in a sentence

The Administrator will disregard any matching contributions forfeited under paragraph (vi) above in the ACP Test (if applicable).
If the Participant repays the distribution with after-tax amounts, such amounts are not after-tax voluntary Employee contributions subject to the ACP Test set forth in Section 12.6. In the event the Participant repays the full amount distributed, the undistributed forfeited portion of the Participant's Account must be restored in full, unadjusted by any gains or losses occurring subsequent to the Valuation Date preceding the distribution.
A method for applying the ACP Test wherein the Matching Contributions and/or After-Tax Contributions taken into account under the ACP Test are based on contributions in the current Plan Year.
A Participant’s contribution percentage is the ratio of the contributions made on behalf of the Participant that are included under the ACP Test, expressed as a percentage of the Participant’s Testing Compensation for the Plan Year.
The Plan Administrator shall maintain records sufficient to demonstrate satisfaction of the ACP Test, including the amount of any Salary Deferrals or QNECs included in such test, pursuant to subsection (a)(4) below.

More Definitions of ACP Test

ACP Test. 1 1.4 "Actual Deferral Percentage" 1 1.5 "Adjustment Factor" 1 1.6 "Administrator" 1 1.7 "Adoption Agreement" 1 1.8 "ADP Test 1 1.9 "Affiliate" 1 1.10 "Annuity Contract" 1 1.11 "Average Actual Deferral Percentage" 1 1.12 "Average Contribution Percentage" 1 1.13 "Beneficiary" 1 1.14 "Benefit Commencement Date" 2 1.15 "CODA" 2 1.16 "CODA Compensation" 2 1.17 "Code" 2 1.18 "Compensation" 2 1.19 "Contribution Percentage" 3 1.20 "Contribution Percentage Amounts" 3 1.21 "Defined Benefit Plan" 3 1.22 "Defined Contribution Plan" 3 1.23 "Disability" 3 1.24 "Early Retirement" 3 1.25 "Early Retirement Date" 3 1.26 "Earned Income" 3 1.27 "Elective Deferrals" 3 1.28 "Elective Deferrals Account" 4 1.29 "Eligible Employee" 4 1.30 "Eligible Participant" 4 1.31 "Employee" 4 1.32 "Employee Thrift Contributions" 4 1.33 "Employee Thrift Contributions Account" 4 1.34 "Employer" 4 1.35 "Employer Account" 4 1.36 "Employer Contributions" 4 1.37 "Employer Contributions Account" 4 1.38 "Employment" 4 1.39 "Entry Date" 4 1.40 "ERISA" 4 1.41 "Excess Aggregate Contributions" 5 1.42 "Excess Contributions" 5 1.43 "Excess Elective Deferrals" 5 1.44 "Family Member" 5 1.45 "401(k) Contributions Accounts" 5 1.46 "401(k) Election" 5 1.47 "Fully Vested Separation" 5 1.48 "Group Trust" 5 1.49 "Highly Compensated Employee" 5 1.50 "Hour of Service" 6 1.51 "Immediately Distributable" 6 1.52 "Investment Manager" 6 1.53 "Key Employee" 6 TABLE OF CONTENTS

ACP Test means the average contribution percentage test as described in Section 3(a) of this Appendix B and as set forth in section 401(m)(2) of the Code and section 1.401(m)-2 of the Treasury Regulations.

ACP Test means the Code § 401(m) nondiscrimination test as described in Section 5.5.

ACP Test means the Code ss. 401(m) nondiscrimination test described in ss. 2 below.