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

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

AutoNDA by SimpleDocs

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

Samples: Profit Sharing Plan (First Keystone Corp)

AutoNDA by SimpleDocs

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

Samples: Adoption Agreement (Oregon Trail Financial Corp)

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