Multiple Use. If one or more Highly Compensated Employees participate in both a CODA and an Employer plan subject to the ACP test and the sum of the ADP and ACP of those Highly Compensated Employees subject to either or both tests exceeds the Aggregate Limit, then the ACP of the Highly Compensated Employees who also participate in a CODA are reduced (beginning with the Highly Compensated Employee whose ACP is the highest) until the limit is not exceeded. The amount by which each Highly Compensated Employee's Contribution Percentage Amounts is reduced is treated as an
Appears in 1 contract
Samples: Kevco Inc
Multiple Use. If one 1 or more Highly Compensated Employees participate in both a CODA and an Employer a plan subject to the ACP test maintained by the Employer and the sum of the ADP and ACP of those Highly Compensated Employees subject to either or both tests exceeds the Aggregate Limit, then the ACP of the those Highly Compensated Employees who also participate in a CODA are will be reduced (beginning with the such Highly Compensated Employee whose ACP is the highest) until so that the limit is not exceeded. The amount by which each Highly Compensated Employee's Contribution Percentage Amounts is reduced is shall be treated as an
Appears in 1 contract
Samples: Greater Bay Bancorp
Multiple Use. If one or more Highly Compensated Employees participate in both a CODA and an Employer plan a Plan subject to the ACP test maintained by the Employer and the sum of the ADP and ACP of those Highly Compensated Employees subject to either or both tests exceeds the Aggregate Limit, then the ACP of the those Highly Compensated Employees who also participate in a CODA are will be reduced (beginning with the such Highly Compensated Employee whose ACP is the highestHighest) until so that the limit is not exceeded. The amount by which each Highly Compensated Employee's Contribution Percentage Amounts is reduced is shall be treated as an
Appears in 1 contract
Samples: Trimedyne Inc
Multiple Use. If one or more Highly Compensated Employees participate in both a CODA and an Employer a plan subject to the ACP test maintained by the Employer and the sum of the ADP and ACP of those Highly Compensated Employees subject to either or both tests exceeds the Aggregate Limit, then the ACP of the those Highly Compensated Employees who also participate in a CODA are shall be reduced (beginning with the such Highly Compensated Employee whose ACP is the highest) until so that the limit is not exceeded. The amount by which each Highly Compensated Employee's Contribution Percentage Amounts is reduced is shall be treated as an
Appears in 1 contract
Samples: PCB Holding Co
Multiple Use. If one or more Highly Compensated Employees participate in both a CODA and an Employer a plan subject to the ACP test maintained by the Employer and the sum of the ADP and ACP of those Highly Compensated Employees subject to either or both tests exceeds the Aggregate Limitlimit, then the ACP of the those Highly Compensated Employees who also participate in a CODA are will be reduced (beginning with the such Highly Compensated Employee whose ACP is the highest) until so that the limit is not exceeded. The amount by which each Highly Compensated Employee's Contribution Percentage Amounts is reduced is shall be treated as an
Appears in 1 contract
Samples: New England Funds Trust I