Average Actual Contribution Percentage means the average of the Actual Contribution Percentages of (a) the group comprised of Eligible Employees who are Highly Compensated Employees or (b) the group comprised of Eligible Employees who are Non-Highly Compensated Employees, whichever is applicable.
Average Actual Contribution Percentage means the average, expressed as percentage, of the Contribution Percentages of the Participants. The Average Actual Contribution Percentage of the Participants shall be rounded to the nearest 100th of 1%. If two or more plans maintained by the Employer or its Affiliates are treated as one plan for purposes of the nondiscrimination requirements of Code Section 401(a)(4) or the coverage requirements of Code Section 410(b) (other than for purposes of the average benefits test), all Employer Matching Contributions that are made pursuant to those plans shall be treated as having been made pursuant to one plan.
Average Actual Contribution Percentage means the average of the Actual Contribution Percentages of the Eligible Participants in a group.
Examples of Average Actual Contribution Percentage in a sentence
In the event that the Average Actual Contribution Percentage for Participants who are Highly Compensated Employees for a Plan Year would fail to satisfy the requirements of Section 6(d)(1), then instead of applying the provisions of Section 6(d)(4), the Company may elect to make Qualified Non- Elective Contributions to the Plan on behalf of certain Participants.
More Definitions of Average Actual Contribution Percentage
Average Actual Contribution Percentage means the average (expressed as a percentage) of the Actual Contribution Percentages of the Participants in a group. The percentage shall be rounded to the nearest one-hundredth of one percent (four decimal places).
Average Actual Contribution Percentage means, for any group of Eligible Associates who are Participants or eligible to be Participants, the average (expressed as a percentage) of the Actual Contribution Percentages for each of the Eligible Associates in that group, including those for whom no Matching Contributions were made.
Average Actual Contribution Percentage means, for a specified group of Eligible Employees for a Plan Year, the average (expressed as a percentage) of the Actual Contribution Percentages of the Eligible Employees in such group for a Plan Year.
Average Actual Contribution Percentage means, for a specified group of Eligible Employees
Average Actual Contribution Percentage means the average of the Actual Contribution Percentages of (a) the group comprised of Eligible Employees who are Highly -------------------------------------------------------------------------------- 704 3 Roma Bank
Average Actual Contribution Percentage of a group of Participants shall mean the average (expressed as percentage and calculated to the nearest hundredth of a percentage point) of the Actual Contribution Percentages of the Participants in the group.
Average Actual Contribution Percentage means, for any group -------------------------------------- of Eligible Employees who are Participants or eligible to be Participants, the average (expressed as a percentage) of the Actual Contribution Percentages for each of the Eligible Employees in that group, including those who made no After-tax Contributions and for whom no Matching Contributions were made.