Current year testing definition
Current year testing means for purposes of the ADP test described in Section 14.08 and the ACP test described in Section 14.09, the use of data from the testing year in determining the ADP or ADP for the Nonhighly Compensated Group.
Current year testing. The current year ratio will be used for the Plan Years beginning in the years specified below:
1. [ ] 1997 2. [ ] 1998 3. [ ] 1999 4. [ ] 2000 5. [ ] _____ TOP HEAVY REQUIREMENTS
Current year testing. The current year ratio will be used for the Plan Year beginning in ___________.
More Definitions of Current year testing
Current year testing means the ADP test set forth in Subsection 4.9(b) and the ACP test set forth in Subsection 4.11(b).
Current year testing. If no election is made by the Employer in the Adoption Agreement, the ADP limits in (1) and (2), above, will be applied by comparing the current Plan Year's ADP for Participants who are Highly Compensated Employees with the current Plan Year's ADP for Participants who are Non-Highly Compensated Employees. This election can only be changed if the Plan meets the requirements for changing to Prior Plan Year testing set forth in IRS Notice 98-1 (or superseding guidance).
Current year testing. The current year ratio will be used for the Plan Year beginning in _____. NOTE: In any Plan Year where the ADP Test Safe Harbor is being used but not the ACP Test Safe Harbor, then c. above must be used if an ACP test applies for such Plan Year. TOP HEAVY REQUIREMENTS
Current year testing means for purposes of the ADP test described in Section 14.04 and the ACP test described in Section 14.05, the use of data from the testing year in determining the ADP or ADP for the Nonhighly Compensated Group.