ACP Test Safe Harbor definition

ACP Test Safe Harbor means the method described in Subsection (d) below for satisfying the ACP test of Code §401(m)(2).

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ACP Test Safe Harbor is the method described in paragraph 11.17 for satisfying the ACP Test of Code Section 401(m)(2).

ACP Test Safe Harbor means the method described in subparagraph (c) of Section 3.08 for satisfying the ACP Test with respect to Matching Contributions.

Examples of ACP Test Safe Harbor in a sentence

• The ACP Test Safe Harbor is automatically satisfied if the only Matching Contribution to the Plan is either a Basic Matching Contribution or an Enhanced Matching Contribution that does not provide a match on Elective Deferrals in excess of 6% of Compensation.

• Only the ADP and not the ACP Test Safe Harbor provisions are applicable.

• In addition, such contributions must satisfy the ACP Test Safe Harbor without regard to permitted disparity under Code Section 401(l).

• All Elective Deferral Contributions, Employee After-Tax Contributions, Qualified Matching Contributions, Qualified Nonelective Contributions, ACP Test Safe Harbor Matching Contributions, and ADP Test Safe Harbor Contributions are always 100% vested.

• If satisfying ACP Test Safe Harbor, must complete (b) with a percentage less than 6% and (d) with a percentage not more than 6%.

• The ACP Test Safe Harbor Contribution is satisfied by the Basic Matching Contribution or the Enhanced Matching Contribution of Part II.D.18.

• If the Plan is satisfying the ADP Test Safe Harbor and the ACP Test Safe Harbor, the Plan must still satisfy the ACP Test in the manner specified in (2) below with respect to Member Contributions.

• If the Plan is satisfying the ADP Test Safe Harbor using Qualified Nonelective Contributions, but is not satisfying the ACP Test Safe Harbor, such Qualified Nonelective Contributions shall be disregarded.

• If this Plan satisfies the ACP Test Safe Harbor and provides for no Member Contributions, the provisions in Section 3.07 regarding the Aggregate Limit, as defined in Section 3.07, shall not apply.

• The provisions of this Article IX apply if the Plan uses the alternative method of satisfying the Actual Deferral Percentage (ADP) test set forth in Code Section 401(k)(12) (ADP Test Safe Harbor) and/or the Actual Contribution Percentage (ACP) test set forth in Code Section 401(m)(11) (ACP Test Safe Harbor).

More Definitions of ACP Test Safe Harbor

ACP Test Safe Harbor. (if the Employer has elected to use the "ACP Test Safe Harbor") may be treated as Qualified Nonelective Contributions or Qualified Matching Contributions in applying the ACP test. In addition, in applying the ACP test, elective contributions may not treated as matching contributions under Code Section 401(m)(3). Furthermore, in applying the ACP test, the Employer may elect to disregard with respect to all "Eligible Participants" (1) all "Matching Contributions" if the only "Matching Contributions" made to the Plan satisfy the "ADP Test Safe Harbor Contribution" (the "Basic Matching Contribution" or the "Enhanced Matching Contribution") and (2) if the "ACP Test Safe Harbor" is satisfied, "Matching Contributions" that do not exceed four (4%) of each Participant's "Compensation."

ACP Test Safe Harbor means the method described in Section 4.14 for satisfying the ACP test of Code § 401(m)(2).

ACP Test Safe Harbor which shall read as follows:

ACP Test Safe Harbor means the method described in Section 5.8(c) herein for satisfying the ACP Test of Section 401(m)(2) of the Code.

ACP Test Safe Harbor is the method described in Section 4.4B.2 of this Article for satisfying the Actual Contribution Percentage Test of Code Section 401(m)(2).