Common use of ADP and ACP test safe harbor Clause in Contracts

ADP and ACP test safe harbor. For any Plan Year in which any type of matching contribution is made, will the "ADP and ACP test safe harbor" provisions be used? a. [ ] No. Only the "ADP (and NOT the ACP) test safe harbor" provisions will be used. b. [ ] Yes. Both the "ADP and ACP test safe harbor" provisions will be used for any Plan Year in which any type of matching contribution is made. (If selected, complete the provisions of the Adoption Agreement relating to Employer matching contributions (i.e., Question 28) that will apply in addition to any selections made in c. below. Also, no allocation conditions may be imposed at 28.E. unless no HCEs are eligible to receive the matching contribution)

Appears in 6 contracts

Samples: Adoption Agreement, 401(k) Plan Amendment, Adoption Agreement

AutoNDA by SimpleDocs

ADP and ACP test safe harbor. For any Plan Year in which any type of matching contribution is made, will the "ADP and ACP test safe harbor" provisions be used? a. [ ] No. Only the "ADP (and NOT the ACP) test safe harbor" provisions will be used. b. [ ] Yes. Both the "ADP and ACP test safe harbor" provisions will be used for any Plan Year in which any type of matching contribution is made. (If selected, complete the provisions of the Adoption Agreement relating to Employer matching contributions (i.e., Question 2829) that will apply apply, if any, in addition to any selections made in c. below. Also, no allocation conditions may be imposed at 28.E. 29.E. unless no HCEs are eligible to receive the matching contribution)

Appears in 5 contracts

Samples: Multiple Employer Participation Agreement, Multiple Employer Participation Agreement, Multiple Employer Participation Agreement

ADP and ACP test safe harbor. For any Plan Year in which any type of matching contribution is made, will the "ADP and ACP test safe harbor" provisions be used? a. [ ] No. Only the "ADP (and NOT the ACP) test safe harbor" provisions will be used. b. [ ] Yes. Both the "ADP and ACP test safe harbor" provisions will be used for any Plan Year in which any type of matching contribution is made. (If selected, complete the provisions of the Adoption Agreement relating to Employer matching contributions (i.e., Question 28) that will apply apply, if any, in addition to any selections made in c. below. Also, no allocation conditions may be imposed at 28.E. unless no HCEs are eligible to receive the matching contribution)

Appears in 4 contracts

Samples: Adoption Agreement, Adoption Agreement, Adoption Agreement

ADP and ACP test safe harbor. For any Plan Year in which any type of matching contribution is made, will the "ADP and ACP test safe harbor" provisions be used? a. [ ] No. Only the "ADP (and NOT the ACP) test safe harbor" provisions will be used. b. [ [X] Yes. Both the "ADP and ACP test safe harbor" provisions will be used for any Plan Year in which any type of matching contribution is made. (If selected, complete the provisions of the Adoption Agreement relating to Employer matching contributions (i.e., Question 28) that will apply in addition to any selections made in c. below. Also, no allocation conditions may be imposed at 28.E. unless no HCEs are eligible to receive the matching contribution)

Appears in 2 contracts

Samples: Adoption Agreement, Adoption Agreement

ADP and ACP test safe harbor. For any Plan Year in which any type of matching contribution is made, will the "ADP and ACP test safe harbor" provisions be used? a. [ ] No. Only the "ADP (and NOT the ACP) test safe harbor" provisions will be used. b. [ ] Yes. Both the "ADP and ACP test safe harbor" provisions will be used for any Plan Year in which any type of matching contribution is made. (If selected, complete the provisions of the Adoption Agreement relating to Employer matching contributions (i.e., Question 2829) that will apply apply, if any, in addition to any selections made in c. s elections mad e i n c . below. Also, no allocation conditions may be imposed at 28.E. 29.E. unless no HCEs are eligible to receive the matching contribution)

Appears in 1 contract

Samples: Multiple Employer Participation Agreement

AutoNDA by SimpleDocs

ADP and ACP test safe harbor. For any Plan Year in which any type of matching contribution is made, will the "ADP and ACP test safe harbor" provisions be used? a. [ ] No. Only the "ADP (and NOT the ACP) test safe harbor" provisions will be used.. DRAFT - 1/24/19 b. [ ] Yes. Both the "ADP and ACP test safe harbor" provisions will be used for any Plan Year in which any type of matching contribution is made. (If selected, complete the provisions of the Adoption Agreement relating to Employer matching contributions (i.e., Question 28) that will apply apply, if any, in addition to any selections made in c. below. Also, no allocation conditions may be imposed at 28.E. unless no HCEs are eligible to receive the matching contribution)

Appears in 1 contract

Samples: Adoption Agreement for Employee Stock Ownership Plan (Esop)

ADP and ACP test safe harbor. For any Plan Year in which any type of matching contribution is made, will the "ADP and ACP test safe harbor" provisions be used? a. [ ] No. Only the "ADP (and NOT the ACP) test safe harbor" provisions will be used.. DRAFT b. [ ] Yes. Both the "ADP and ACP test safe harbor" provisions will be used for any Plan Year in which any type of matching contribution is made. (If selected, complete the provisions of the Adoption Agreement relating to Employer matching contributions (i.e., Question 28) that will apply apply, if any, in addition to any selections made in c. below. Also, no allocation conditions may be imposed at 28.E. unless no HCEs are eligible to receive the matching contribution)

Appears in 1 contract

Samples: Adoption Agreement for Employee Stock Ownership Plan (Esop)

ADP and ACP test safe harbor. For any Plan Year in which any type of matching contribution is made, will the "ADP and ACP test safe harbor" provisions be used? a. [ ] No[X]No. Only the "ADP (and NOT the ACP) test safe harbor" provisions will be used. b. [ ] ]Yes. Both the "ADP and ACP test safe harbor" provisions will be used for any Plan Year in which any type of matching contribution is made. (If selected, complete the provisions of the Adoption Agreement relating to Employer matching contributions (i.e., Question 28) that will apply in addition to any selections made in c. below. Also, no allocation conditions may be imposed at 28.E. unless no HCEs are eligible to receive the matching contribution)

Appears in 1 contract

Samples: Adoption Agreement (Dime Community Bancshares Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!