Common use of ADP AND ACP TESTING PURPOSES Clause in Contracts

ADP AND ACP TESTING PURPOSES. For the Plan Year in which an Employee enters the Plan, the Employee's Compensation which shall be taken into account for purposes of Actual Deferral Percentage (ADP) and Actual Contribution Percentage (ACP) testing shall be (Choose one):

Appears in 4 contracts

Samples: Comprehensive Standardized 401(k) Profit Sharing Plan Adoption Agreement (Edutrek Int Inc), Qualified Retirement Plan and Trust (Meritage Hospitality Group Inc /Mi/), Comprehensive Nonstandardized Safe Harbor 401(k) Profit Sharing Plan Adoption Agreement (Metretek Technologies Inc)

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ADP AND ACP TESTING PURPOSES. For the Plan Year in which an Employee enters the Plan, the Employee's Compensation which shall be taken into account for purposes of Actual Deferral Percentage (ADP) and Actual Contribution Percentage (ACP) testing shall be (Choose oneCHOOSE ONE): OPTION 1: [ ] The Employee's Compensation only from the time the Employee became a Participant in the Plan.

Appears in 1 contract

Samples: Comprehensive Nonstandardized Safe Harbor 401(k) Profit Sharing Plan Adoption Agreement (Cornell Corrections Inc)

ADP AND ACP TESTING PURPOSES. For the Plan Year in which an Employee enters the Plan, the Employee's Compensation which shall be taken into account for purposes of Actual Deferral Percentage (ADP) and Actual Contribution Percentage (ACP) testing shall be (Choose choose one):

Appears in 1 contract

Samples: Prototype Defined Contribution Plan and Trust/Custodial Account (Connecticut Water Service Inc / Ct)

ADP AND ACP TESTING PURPOSES. For the Plan Year in which an Employee enters the Plan, the Employee's Compensation which shall be taken into account for purposes of Actual Deferral Percentage (ADP) and Actual Contribution Percentage (ACP) testing shall be (Choose one): Option 1: [X] The Employee's Compensation only from the time the Employee became a Participant in the Plan.

Appears in 1 contract

Samples: Basic Plan Document (Edelbrock Corp)

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ADP AND ACP TESTING PURPOSES. For the Plan Year in which an Employee enters the Plan, the Employee's Compensation which shall be taken into account for purposes of Actual Deferral Percentage (ADPPercentage(ADP) and Actual Contribution Percentage (ACP) testing shall be (Choose one):

Appears in 1 contract

Samples: 401(k) Profit Sharing Plan Adoption Agreement (Compdent Corp)

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