Common use of Basic Test Clause in Contracts

Basic Test. The Average Contribution Percentage for Participants who are Highly Compensated Employees for the Plan Year shall not exceed the Average Contribution Percentage for Participants who are non-Highly Compensated Employees for the same Plan Year multiplied by 1.25; or

Appears in 5 contracts

Samples: 401(k) Plan Document (East West Bancorp Inc), 401(k) Plan Document (Inventa Technologies Inc), Adoption Agreement (Shared Technologies Cellular Inc)

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Basic Test. The Average Contribution Percentage for Participants who are Highly Compensated Employees for the Plan Year shall not exceed the Average Contribution Percentage for Participants who are nonNon-Highly Compensated Employees for the same Plan Year multiplied by 1.25; or

Appears in 1 contract

Samples: Adoption Agreement (Oregon Trail Financial Corp)

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