Common use of Actual Deferral Percentage Test Clause in Contracts

Actual Deferral Percentage Test. (a) In general. For each Plan Year, the total contributions to a Participant's Salary Deferral Account shall satisfy one of the following tests pursuant to Code section 401(k)(3) and section 1.401(k)-1(b)(2) of the Regulations, which are herein incorporated by reference:

Appears in 2 contracts

Samples: Metals Usa Inc, Metals Usa Inc

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Actual Deferral Percentage Test. (a) In general. For each Plan Year, the total contributions to a Participant's ’s Salary Deferral Account shall satisfy one of the following tests pursuant to Code section 401(k)(3) and section 1.401(k)-1(b)(2) of the Regulations, which are herein incorporated by reference:

Appears in 2 contracts

Samples: Adoption Agreement (BRPP LLC), Adoption Agreement (Sonic Corp)

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Actual Deferral Percentage Test. (a) In general. For each Plan Year, the total contributions Elective Deferrals contributed to a Participant's ’s Salary Deferral Account and Xxxx 401(k) Account shall satisfy one of the following tests pursuant to Code section 401(k)(3) and section 1.401(k)-1(b)(2) of the Regulations, which are herein incorporated by reference:

Appears in 1 contract

Samples: Fairfax Financial Holdings LTD/ Can

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