Common use of Basic Test Clause in Contracts

Basic Test. The Average Deferral Percentage for Participants who are Highly Compensated Employees for the Plan Year is not more than 1.25 times the Average Deferral Percentage for Participants who are non-Highly Compensated Employees for the same Plan Year, or

Appears in 9 contracts

Sources: 401(k) Plan Document (East West Bancorp Inc), Adoption Agreement (Professionals Insurance Co Management Group), Cash or Deferred Profit Sharing Plan (Port Financial Corp)

Basic Test. The Average Deferral Percentage for Participants who are Highly Compensated Employees for the Plan Year is not more than 1.25 times the Average Deferral Percentage for Participants who are non-non Highly Compensated Employees for the same Plan Year, or

Appears in 1 contract

Sources: Profit Sharing Plan (First Keystone Corp)

Basic Test. The Average Deferral Percentage for Participants who are Highly Compensated Employees for the Plan Year is not more than 1.25 times the Average Deferral Percentage for Participants who w ho are nonNon-Highly Compensated Employees for the same Plan Year, or

Appears in 1 contract

Sources: Adoption Agreement (Oregon Trail Financial Corp)