ADP Test Safe Harbor definition

ADP Test Safe Harbor means the method described in subsection (c) for satisfying the ADP test of Code Section 401(k)(3).

ADP Test Safe Harbor means the method described in Subsection (c) for satisfying the ADP test of Code §401(k)(3).

ADP Test Safe Harbor means the method described in subparagraph (b) of Section 3.08 for satisfying the ADP Test.

Examples of ADP Test Safe Harbor in a sentence

• The provisions of this Section will apply if the Employer has elected, in the 401(k) ADP Test Safe Harbor Provisions Section of the Adoption Agreement, to use the "ADP test safe harbor" or "ACP test safe harbor." If the Employer has elected to use the "ADP test safe harbor" for a Plan Year, then the provisions relating to the ADP test described in Section 12.4 and in Code §401(k)(3) do not apply for such Plan Year to the group of Participants subject to the "ADP test safe harbor" provisions.

• Conversely, a Plan [within the meaning of Code Section 414(l)] that includes a cash or deferred arrangement covering both collectively bargained employees and non-collectively bargained employees is treated as two (2) separate plans for purposes of Code Section 401(k), and the ADP Safe Harbor need not be satisfied with respect to both plans in order for one (1) of the plans to take advantage of the ADP Test Safe Harbor.

• Conversely, a Plan [within the meaning of Code Section 414(l)] that includes a cash or deferred arrangement covering both collectively bargained employees and noncollectively bargained employees is treated as two (2) separate Plans for purposes of Code Section 401(k), and the ADP Safe Harbor need not be satisfied with respect to both Plans in order for one (1) of the Plans to take advantage of the ADP Test Safe Harbor.

• Unless otherwise selected below, if this Plan uses the ADP Test Safe Harbor provisions, then the provisions of Amendment Section 9.2(a) apply and all matching contributions under the Plan will be applied without regard to any allocation conditions except as provided in that Section.

• Notwithstanding any other provision of the Plan, the Plan is a cash or deferred arrangement that satisfies both the ADP Test Safe Harbor for a Plan Year and the ACP Test Safe Harbor for a Plan Year.

More Definitions of ADP Test Safe Harbor

ADP Test Safe Harbor means the method described in subsection (c) of this Section for satisfying the ADP test of § 401(k)(3) of the Code.

ADP Test Safe Harbor or "ACP Test Safe Harbor." If the Employer has elected to use the "ADP Test Safe Harbor" for a Plan Year, then the provisions relating to the ADP test described in Section 12.4 and in Code Section 401(k)(3) do not apply for such Plan Year. In addition, if the Employer has also elected to use the "ACP Test Safe Harbor" for a Plan Year, then the provisions relating to the ACP test described in Section 12.6 and in Code Section 401(m)(2) do not apply for such Plan Year. Furthermore, to the extent any other provision of the Plan is inconsistent with the provisions of this Section, the provisions of this Section will govern.

ADP Test Safe Harbor is a "Matching Contribution" each "Eligible Employee" must be permitted to elect sufficient Elective Deferrals to receive the maximum amount of "Matching Contributions" available to the Participant under the Plan.

ADP Test Safe Harbor means the method described in Section 4.14 for satisfying the ADP test.

ADP Test Safe Harbor means the method described in Section 9.2 for satisfying the ADP Test of Section 401(k)(3) of the Code.

ADP Test Safe Harbor means the alternative method under Section 401(k)(12) of the Code of meeting the nondiscrimination requirements of Section 401(m) of the Code. If the ADP Safe Harbor Election is made in Option 17 of the Profit Sharing Plan Adoption Agreement for a Plan Year, the Plan must expressly provide for its use and the Plan must comply with the notice and election requirements in Inc. Tax. Regs. Section 1.401(k)-3, the rate of matching contributions (if any) must not increase as contributions increase and must not favor Highly Compensated Employees, either a safe harbor non-elective contribution equal to at least three percent (3%) of covered compensation or a safe harbor matching contribution at least equal to one hundred percent (100%) of the first three percent (3%) of covered compensation contributed and fifty percent (50%) of the next two percent (2%) of covered compensation contributed must be made to this Plan or another plan (“Basic Safe Harbor Matching Contribution”), and the safe harbor contribution must be fully vested and subject to the prohibitions on distribution under Section 401(k)(2)(B) of the Code. If the Safe Harbor Election is made in Option 17(c) of the Profit Sharing Plan Adoption Agreement, the Employer shall make the Basic Safe Harbor Matching Contribution unless otherwise elected in Option 17(c) of the Profit Sharing Plan Adoption Agreement.

ADP Test Safe Harbor is the method described in Section 4.4A.2 of this Article for satisfying the ADP test of Code Section 401(k)(3);