Common use of ADP/ACP testing method Clause in Contracts

ADP/ACP testing method. In performing the ADP and ACP tests, the Employer will use the following method: (See Sections 17.2 and 17.3 of the BPD for an explanation of the ADP/ACP testing methods.) [X] a. Prior Year Testing Method. [ ] b. Current Year Testing Method. [Practitioner Note: If this Plan is intended to be a Safe-Harbor 401(k) Plan under Part 4E above, the Current Year Testing Method must be elected under b. See Section 17.6 of the BPD.]

Appears in 2 contracts

Samples: 401(k) Plan Adoption Agreement (Mercantile Bancorp, Inc.), 401(k) Plan Adoption Agreement (Mercantile Bancorp, Inc.)

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ADP/ACP testing method. In performing the ADP and ACP tests, the Employer will use the following method: (See Sections 17.2 and 17.3 of the BPD for an explanation of the ADP/ACP testing methods.) [X] ) o a. Prior Year Testing Method. [ ] b. Current Year Testing Method. [Practitioner Note: If this Plan is intended to be a Safe-Harbor 401(k) Plan under Part 4E above, the Current Year Testing Method must be elected under b. See Section 17.6 of the BPD.]

Appears in 2 contracts

Samples: 401(k) Plan Adoption Agreement (Checkfree Corp \Ga\), 401(k) Plan Adoption Agreement (Checkfree Corp \Ga\)

ADP/ACP testing method. In performing the ADP and ACP tests, the Employer will use the following method: (See Sections 17.2 and 17.3 of the BPD for an explanation of the ADP/ACP testing methods.) [X] a. oa. Prior Year Testing Method. [ ] b. ob. Current Year Testing Method. [Practitioner Note: If this Plan is intended to be a Safe-Harbor 401(k) Plan under Part 4E above, the Current Year Testing Method must be elected under b. See Section 17.6 of the BPD.]] o32.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Allegiant Travel CO)

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ADP/ACP testing method. In performing the ADP and ACP tests, the Employer will use the following method: (See Sections 17.2 and 17.3 of the BPD for an explanation of the ADP/ACP testing methods.) [X] a. Prior Year Testing Method. [ ] b. Current Year Testing Method. [Practitioner Note: If this Plan is intended to be a Safe-Harbor 401(k) Plan under Part 4E above, the Current Year Testing Method must be elected under b. See Section 17.6 of the BPD.BFD]

Appears in 1 contract

Samples: Defined Contribution Plan and Trust (National Penn Bancshares Inc)

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