Excess Contribution. With respect to any Plan Year, the excess of: (a) the aggregate amount of Employer contributions actually taken into account in computing the ADP of Highly Compensated Employees for such Plan Year, over (b) the maximum amount of such contributions permitted by the ADP Test (determined by hypothetically reducing contributions made on behalf of Highly Compensated Employees in order of the ADPs, beginning with the highest of such percentages).
Appears in 5 contracts
Samples: Defined Contribution Plan (Georgetown Bancorp, Inc.), 401(k) Defined Contribution Plan (Measurement Specialties Inc), Defined Contribution Plan (Chicopee Bancorp, Inc.)
Excess Contribution. With respect to any Plan Year, the excess of:
(a) the aggregate amount of Employer contributions actually taken into account in computing the ADP of Highly Compensated Employees for such Plan Year, over
(b) the maximum amount of such contributions permitted by the ADP Test test (determined by hypothetically reducing contributions made on behalf of Highly Compensated Employees in order of the ADPs, beginning with the highest of such percentages).
Appears in 3 contracts
Samples: 401(k) Plan Document (East West Bancorp Inc), Adoption Agreement (Shared Technologies Cellular Inc), Non Standardized Adoption Agreement (Princeton Review Inc)
Excess Contribution. With respect to any Plan Year, the excess of:
(a) the The aggregate amount of Employer contributions actually taken into account in computing the ADP of Highly Compensated Employees for such Plan Year, over
(b) the The maximum amount of such contributions permitted by the ADP Test test (determined by hypothetically reducing contributions made on behalf of Highly Compensated Employees in order of the ADPs, beginning with the highest of such percentages).
Appears in 3 contracts
Samples: Individual 401(k) Plan Purchase Agreement, Employer Sponsored Plan Account Agreement, Employer Sponsored Plan Account Agreement
Excess Contribution. With respect to any Plan Year, the excess of:
(a) the The aggregate amount of Employer contributions actually taken into account in computing the ADP of Highly Compensated Employees for such Plan Year, over
(b) the The maximum amount of such contributions permitted by the ADP Test test (determined by hypothetically reducing contributions made on behalf of Highly Compensated Employees in order of the ADPs, beginning with the highest of such percentages).
Appears in 2 contracts
Samples: Adoption Agreement (Professionals Insurance Co Management Group), 401(k) Plan Document (Inventa Technologies Inc)
Excess Contribution. With respect to any a Plan Year, "Excess Contributions" shall mean the excess of:
of (ai) the aggregate amount of Employer contributions Elective Deferrals and amounts treated as Elective Deferrals actually taken into account in computing the ADP of Highly Compensated Employees for such Plan Year, over
over (bii) the maximum amount of such contributions permitted by the ADP Test (determined by hypothetically reducing contributions made on behalf of the Highly Compensated Employees in order of the ADPs, beginning with the highest of such percentages).
Appears in 1 contract
Excess Contribution. With respect to any Plan Year, the excess of:
(a) : the aggregate amount of Employer contributions actually taken into account in computing the ADP of Highly Compensated Employees for such Plan Year, over
(b) the maximum amount of such contributions permitted by the ADP Test (determined by hypothetically reducing contributions made on behalf of Highly Compensated Employees in order of the ADPs, beginning with the highest of such percentages).
Appears in 1 contract