Common use of Average Deferral Percentage (ADP) Clause in Contracts

Average Deferral Percentage (ADP). The average of the Actual Deferral Percentages for Participants in a specified group of Participants for a Plan Year.

Appears in 20 contracts

Samples: Defined Contribution Plan, Defined Contribution Plan, Defined Contribution Plan (1st Constitution Bancorp)

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Average Deferral Percentage (ADP). The average of the Actual Contribution Percentages for the eligible Participants in a specified group of Participants for a Plan Year. The average of the Actual Deferral Percentages for Participants in a specified group of Participants for a Plan Year.

Appears in 1 contract

Samples: 401(k) Defined Contribution Plan (Measurement Specialties Inc)

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