Examples of ACP Test in a sentence

The Actual Deferral Percentage and Actual Contribution Percentage of the Highly Compensated Employees are determined after any corrections required to meet the ADP Test and the ACP Test.
As of the end of each Plan Year, the Plan must satisfy the ACP Test.
After correcting distributions are allocated, it is not necessary to recompute the Highly Compensated Employee averages to determine if they satisfy the ADP Test and/or the ACP Test.
Excess Contributions and Excess Aggregate Contributions are allocated to the Highly Compensated Employees with the largest amount of Employer contributions taken into account in calculating the ADP or ACP Test for the year in which the excess arose, beginning with the Highly Compensated Employee with the largest amount of such Employer contributions and continuing in descending order until all the Excess Contributions and Excess Aggregate Contributions have been allocated.
The Administrator shall maintain records which are sufficient to demonstrate that the ADP Test, the ACP Test and the Multiple Use Test, have been met for each Plan Year for at least as long as the Employer's corresponding tax year is open to audit.

More Definitions of ACP Test

ACP Test means the average contribution percentage test as described in Section 3(a) of this Appendix B and as set forth in section 401(m)(2) of the Code and section 1.401(m)-2 of the Treasury Regulations.

ACP Test. 1 1.4 "Actual Deferral Percentage" 1 1.5 "Adjustment Factor" 1 1.6 "Administrator" 1 1.7 "Adoption Agreement" 1 1.8 "ADP Test 1 1.9 "Affiliate" 1

ACP Test means the Code § 401(m) nondiscrimination test as described in Section 5.5.

ACP Test means the Code ss. 401(m) nondiscrimination test described in ss. 2 below.

ACP Test means the nondiscrimination test described in Code Section 401(m)(2) as provided for in subparagraph (d) of Section 3.