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.
Sample 1Sample 2Sample 3
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%.)
Sample 1
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).
Sample 1Sample 2

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).

  • Esto pone en entredicho el poder diagnóstico de su crítica de la deuda.Hacer hincapié en la reducción económica no capta la ambivalencia característica de la deuda.500 Como entrelazamiento de igualdad y jerarquía, la deuda es una relación social cuya socialidad ha sido removida.

  • 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).

  • Public participation is animportant part of the environmental analysis by providing assistance indetermining the scope of issues to be addressed and identifying thesignificant issues of the proposed actions.

  • This conclusion is flawed as Osprey routinely forages and perches in area of southern California that are highly developed, such as in Long Beach along the San Gabriel River near its mouth, as observed and photographed by me on 24 August 1989.

  • 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).

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

  • 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).


More Definitions of Prior year testing

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. [ ] ____
Sample 1
Prior year testing means for purposes of the ADP test described in Section 19(h) and the ACP test described in Section 19(i), 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.
Sample 1
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:
Sample 1
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:
Sample 1

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.

  • 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).

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

  • 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;

  • 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;

  • 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)