Average Contribution Percentage means the average of the Contribution Percentages of the Eligible Participants in a group.
Average Contribution Percentage or "ACP" shall mean the average of the Contribution Percentages of the Eligible Participants in a group.
Average Contribution Percentage means, for the group of Eligible Employees who are Highly Compensated Employees for a Plan Year or the group of Eligible Employees who are Non-Highly Compensated Employees for the Plan Year, the average of the Contribution Percentages of all Eligible Employees in such group for the Plan Year.
Examples of Average Contribution Percentage in a sentence
Notwithstanding the elections made in the Adoption Agreement the Employer may make Qualified Nonelective Contributions (QNECs) on behalf of Participants that are sufficient to satisfy either the Actual Deferral Percentage test or the Average Contribution Percentage test, or both, pursuant to regulations under the Code.
More Definitions of Average Contribution Percentage
Average Contribution Percentage means, for a specified group of Eligible Employees for a Plan Year, the average of the Contribution Percentages for such Eligible Employees for the Plan Year.
Average Contribution Percentage means the average (expressed as a percentage) of the Contribution Percentages of the Participants in a group.
Average Contribution Percentage means the average (expressed as a percentage) of the Contribution Percentages of a group.
Average Contribution Percentage means the average (expressed as a percentage) of the Contribution Percentages of the Eligible Employees in a group.
Average Contribution Percentage means the average of the Contribution Percentages of the Employees in a group who are eligible to make Participant Voluntary Contributions, or Elective Deferrals (if the Employer takes such contributions into account in the calculation of the Contribution Percentage), or to receive Matching Contributions (including forfeitures) or Qualified Matching Contributions.
Average Contribution Percentage means, for a specified group of Early Entry Eligible Employees for a Plan Year, the average of the Contribution Percentages for such Early Entry Eligible Employees for the Plan Year.
Average Contribution Percentage. For any group of Eligible Participants, the average (expressed as a percentage) of the Contribution Percentages for each of the Participants in that group, including those on whose behalf Matching 401(k) Contributions and/or Matching Thrift Contributions, if applicable, are not being made.