Average Contribution Percentage Test. (a) In computing the Average Contribution Percentage (ACP), the Employer shall take into account, and include as Contribution Percentage Amounts:
Average Contribution Percentage Test. 14.09 (14.07) Beneficiary . . . . . . . . . . . . . . . . . . . . . . . . . 1.11 (1.03) Break in Service for Eligibility Purposes . . . . . . . . . . 2.03 (2.01) Break in Service for Vesting Purposes . . . . . . . . . . . . 5.07 (5.03) Cash-out Distribution . . . . . . . . . . . . . . . . . . . . 5.04 (5.01) Code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125 (1.06) Code Section 411(d)(6)
Average Contribution Percentage Test. Also, Employer Safe-Harbor Matching and Safe-Harbor Profit Sharing Contributions may be taken into account in applying the Average Contribution Percentage Test, but only to the extent they exceed the minimum contribution required to qualify as safe- harbor contributions.]
Average Contribution Percentage Test. The provisions of this Section shall apply if Employer contributions are made in any Plan Year under Section 4.2(a) and/or if Employee after-tax contributions are made to the Plan under Section 4.5. As of the last day of each Plan Year, the average contribution percentage for Highly-Compensated Employees for the Plan Year shall satisfy either of the following tests:
Average Contribution Percentage Test. The annual allocation derived ------------------------------------ from Employee Contributions, Employer Matching Contributions, and Qualified Matching Contributions to a Participant's Individual Account shall satisfy one of the following tests:
Average Contribution Percentage Test. 14.09 (14.08) Beneficiary.................................. 1.11 (1.03)
Average Contribution Percentage Test. The term Average Contribution Percentage (or ACP) Test means the greater of one of the following nondiscrimination tests for Matching Contributions and Employee contributions: (1) the ACP for Participants who are HCEs will not exceed the ACP for Participants who are NHCEs multiplied by 1.25; or (b) the ACP for Participants who are HCEs will not exceed the ACP for Participants who are NHCEs multiplied by 2.0, provided that the ACP for Participants who are HCEs does not exceed the ACP for Participants who are NHCEs by more than 2 percentage points. The ACP Test for any Plan Year will be determined in accordance with the following:
Average Contribution Percentage Test. 14.09 (14.08) Beneficiary . . . . . . . . . . . . . . . . . . . . . . . 1.11 (1.03)
Average Contribution Percentage Test. 26 A.7 Excess Aggregate Contributions..................................... 27 A.8 Coordination of Distributions of Excess Deferral Amounts, Excess Contributions, and Excess Aggregate Contributions.......... 27 A.9 Multiple Use of Alternative Limitation............................. 27 APPENDIX B................................................................. 28
Average Contribution Percentage Test
