Actual Deferral Percentage (ADP). The ratio (expressed as a percentage and calculated separately for each Participant) of:
Actual Deferral Percentage (ADP). For a specified group of Participants (either Highly Compensated Employees or Non-Highly Compensated Employees) for a Plan Year, the average of the ratios (calculated separately for each Participant in such group) of:
Actual Deferral Percentage (ADP). TEST. For each Plan Year, the --------------------------------------- Advisory Committee must determine whether the Plan's Code (S)401(k) arrangement satisfies either of the following ADP tests:
Actual Deferral Percentage (ADP). For a specified group of Participants for a Plan Year, the average of the ratios (calculated separately for each Participant in such group) of (a) the amount of Employer contributions actually paid over to the trust on behalf of such Participant for the Plan Year to (b) the Participant's Compensation for such Plan Year (whether or not the Employee was a Participant for the entire Plan Year). Employer Contributions on behalf of any Participant shall include: (a) any Elective Deferrals made pursuant to the Participant's deferral election, including Excess Elective Deferrals of Highly Compensated Employees, but excluding (1) Excess Elective Deferrals of Nonhighly Compensated Employees that arise solely from Elective Deferrals made under the plan or plans of this Employer and (2) Elective Deferrals that are taken into account in the Contribution Percentage test (provided the ADP test is satisfied both with and without exclusion of these Elective Deferrals); and (3) at the election of the Employer, Qualified Non-elective Contributions and Qualified Matching Contributions. For purposes of computing Actual Deferral Percentages, an Employee who would be a Participant but for the failure to make Elective Deferrals shall be treated as a Participant on whose behalf no Elective Deferrals are made.
Actual Deferral Percentage (ADP)
