Actual Deferral Ratio definition

Actual Deferral Ratio means for an Employee the ratio of Section 401(k) Contributions actually paid into the Trust on behalf of the Employee for a Plan Year to the Employee's Annual Compensation for the same Plan Year.

Actual Deferral Ratio means the ratio of Section 401(k) Contributions actually paid into the Trust on behalf of an Employee for a Plan Year to the Employee's Annual Compensation for the same Plan Year. For this purpose, Annual Compensation for any portion of the Plan Year in which the Employee was not an eligible Employee (as defined in Section A.2.3) will not be taken into account.

Actual Deferral Ratio means the ratio that:

Examples of Actual Deferral Ratio in a sentence

• It shall first be made with respect to Higher Compensated Employees with the highest Actual Deferral Ratio for the Plan Year and then with respect to Higher Compensated Employees with the next highest Actual Deferral Ratio for the Plan Year and so on, in descending order from the highest rate until the test in Section 3.04(b) is satisfied.

• The amount of a Highly Compensated Employee's Before-Tax Deposits in excess of the amount permitted under his or her revised Actual Deferral Ratio shall be added together.

• For the purposes of this subsection, the phrase “Actual Deferral Ratio” shall for Plan Years beginning after December 31, 1996, refer to the dollar amount of such Deferrals and for Plan Years beginning before January 1, 1997, shall mean the Actual Deferral Ratio of a Higher Compensated Employee.

• Subsection (a)(1) and (2) shall apply, after substituting "Actual Contribution Ratio", "Actual Contribution Percentage", "Excess Aggregate Contributions" and "Company Matching Deposits" for "Actual Deferral Ratio", "Actual Deferral Percentage", "Excess Contributions" and "Before-Tax Deposits", respectively.

• The Actual Deferral Ratio of the Highly Compensated Employee with the highest Actual Deferral Ratio shall be reduced to the extent necessary to meet the Actual Deferral Percentage test of Section 3.06 or to cause such ratio to equal the Actual Deferral Ratio of the Highly Compensated Employee with the next highest Actual Deferral Ratio.

More Definitions of Actual Deferral Ratio

Actual Deferral Ratio means the ratio of Section 401(k) Contributions actually paid into the Trust on behalf of an Employee for a Plan Year to the Employee's Annual Compensation for the same Plan Year. For this purpose, effective for Plan Years starting on or after January 1, 1998, Annual Compensation for any portion of the Plan Year in which the Employee was not an eligible Employee (as defined in Section 2.1 of Appendix A) will not be taken into account.

Actual Deferral Ratio means each separately calculated ratio under subsection (a) above. An Employee who is considered a Highly Compensated Employee under Section 1.24 or a Non-Highly Compensated Employee under Section 1.34 shall be considered an "eligible Highly Compensated Employee" or an "eligible Non-Highly Compensated Employee" for purposes of this Section 4.2 for each Year he is employed by an Employer if he has satisfied the eligibility requirements of Article II and reached a 401(k) Entry Date or other payroll period as of which he could have become a Participant, regardless of whether (i) he has elected to have an Employer make a Salary Reduction Contribution to the Plan on his behalf under Section 3.1(a) for that Year, or (ii) he is suspended from further contributions during the Year due to the limitations of Section 415 of the Code as described in Article VII. Moreover, the eligible Non-Highly Compensated Employees for a preceding Year shall be determined for that Year as described in the preceding sentence and shall not be affected by any such Non-Highly Compensated Employee's status as an Employee, Highly Compensated Employee or Non-Highly Compensated Employee for the current Year. Consequently, for purposes of this Section 4.2, the Actual Deferral Ratio for each Highly Compensated Employee and Non-Highly Compensated Employee who is eligible to, but does not elect to have an Employer make a Salary Reduction Contribution on his behalf to the Plan pursuant to Section 3.1(a) for a Year, shall be zero for that Year, unless the Employer makes a qualified non-elective contribution to the Plan pursuant to Section 4.3(c) for a Year to satisfy the Actual Deferral Percentage tests, in which case the Actual Deferral Ratio for each such Non-

Actual Deferral Ratio means the ratio of Section 401(k) Contributions actually paid into the Trust on behalf of an Employee for a Plan Year to the Employee’s Annual Compensation for the same Plan Year. For this purpose, Annual Compensation for any portion of the Plan Year in which the Employee was not an eligible Employee (as defined in Section A.2.3) will not be taken into account.

Actual Deferral Ratio means the ratio of the amount of Elective Contributions (including Elective Contributions by Highly Compensated Employees in excess of the limitation set forth in section 6.1(b)(1) to the extent required by Treasury Regulation Section 1.402(g)-1(e)(1)(ii), and any Qualified Matching Contributions and Non-Elective Contributions treated as Elective Contributions made on behalf of a Participant for a Plan Year to the Participant's Compensation for the Plan Year.

Actual Deferral Ratio means the ratio of the amount of qualifying Employer contributions actually paid over to the Trust on behalf of an eligible Participant for a Plan Year to the Participant’s Compensation for such Plan Year. For these purposes:

Actual Deferral Ratio means the ratio of the aggregate amount --------------------- of Savings Contributions (including Savings Contributions made by Highly Compensated Employees in excess of the limitation set forth in paragraph (a)(1)(A) of Article VI to the extent required by Treasury Regulation (S)1.402(g)-1(e)(1)(ii)) made on behalf of a Participant to the Participant's Compensation for the Plan Year.

Actual Deferral Ratio or “ADR” means the ratio of Section 401(k) Contributions actually paid into the Trust on behalf of an Employee for a Plan Year to the Employee’s Annual Compensation for the same Plan Year. For this purpose, Annual Compensation for any portion of the Plan Year in which the Employee was not an eligible Employee (as defined in Section A.2.3) will not be taken into account. An Employee’s ADR will be calculated to the nearest hundredth of a percentage point.