ACP test. If applicable, the ACP ratio for NHCEs will be based on the current year ratio unless prior year testing method is selected below (leave blank if current year testing method is being used):
ACP test. The Average Contribution Percentage for Eligible Participants who are Highly Compensated Employees for the Plan Year and the Average Contributions Percentage for Eligible Participants who are Nonhighly Compensated Employees for the same Plan Year must satisfy one of the following tests:
(i) the Average Contribution Percentage for Eligible Participants who are Highly Compensated Employees for the Plan Year shall not exceed the Average Contribution Percentage for Eligible Participants who are Nonhighly Compensated Employees for the same Plan Year multiplied by 1.25; or
(ii) the Average Contribution Percentage for Eligible Participants who are Highly Compensated Employees shall not exceed the Average Contribution Percentage for Eligible Participants who are Nonhighly Compensated Employees by more than two percentage points or such lesser amount as the Secretary of the Treasury shall prescribe to prevent the multiple use of this alternative limitation with respect to any Highly Compensated Employee.
ACP test. For each Plan Year, Aggregate Contributions satisfy the ACP test if they satisfy either of the following tests:
ACP test. Applies. (Choose a. or b.):
a. Current Year Testing Method.
ACP test. The ACP Test determines the maximum amount of Highly Compensated Employee ACP Contribution Amounts (generally Employee After-Tax Contributions and Matching Contributions) that can be made to the Plan in accordance with the non-discrimination requirements of Code Section 401(m).
ACP test. The Actual Contribution Percentage test set forth in Section 3.5(A) which is used to determine the maximum ACP Contribution Amounts (generally, Employee After-Tax and Matching Contributions) permitted for a Highly Compensated Employee.
ACP test. The ACP ratio for Nonhighly Compensated Employees will be based on the following:
d. [ ] N/A. This Plan satisfies the ACP test safe harbor rules for all Participants for all Plan Years to which this Plan applies.
ACP test. The ACP ratio for Nonhighly Compensated Employees will be based on the following:
d. [ ] N/A. This Plan satisfies the ACP test safe harbor rules for all Participants for all Plan Years to which this Plan applies.
e. [ ] Prior Year Testing Method. The prior year ratio will be used for Plan Years beginning on or after
1. [ ] N/A (Effective date of prior year testing is after effective date of Code Section 401(m) feature.)
2. [ ] 3%
3. [ ] the actual percentage for the initial Plan Year.
f. [ ] Current Year Testing Method. The current year ratio will be used for Plan Years beginning on or after
ACP test. As of the end of each Plan Year, the Plan must satisfy the ACP Test. The ACP Test shall be satisfied using the prior year testing method, unless we have elected in Item K(2)(a) to use the current year testing method.
ACP test. The Average Contribution Percentage for Eligible Participants who are Highly Compensated Employees for the Plan Year and the Average Contributions Percentage for Eligible Participants who are Nonhighly Compensated Employees for the same Plan Year must satisfy one of the following tests:
