Prior year testing definition
Prior 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 Plan Year immediately prior to the testing year in determining the ADP or ACP for the Nonhighly Compensated Group.
Prior year testing. The prior year ratio will be used for the Plan Year beginning in the year specified below. (If this election is made for the first year the Code Section 401(m) feature is added to this Plan (unless this Plan is a successor plan), the amount taken into account as the ACP of Non-Highly Compensated Employees for the preceding Plan Year will be 3%.)
1. [ ] 1997 2. [ ] 1998 3. [ ] 1999 4. [ ] 2000 5. [ ] ______
Prior year testing means the ADP test set forth in Subsection 4.9(a) and the ACP test set forth in Subsection 4.11(a).
More Definitions of Prior year testing
Prior 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 Plan Year immediately prior to the testing year in determining the ADP or ACP for the Nonhighly Compensated Group.
Prior year testing. The prior year ratio will be used for the Plan Year beginning in the year specified below. (If this election is made for the first year the Code Section 401(k) feature is added to this Plan (unless this Plan is a successor plan), the amount taken into account as the ADP of Non-Highly Compensated Employees for the preceding Plan Year will be 3%.)
1. [ ] 1997 2. [ ] 1998 3. [ ] 1999 4. [ ] 2000 5. [ ] ____ b. [X] CURRENT YEAR TESTING: The current year ratio will be used for the Plan Year beginning in: 1. [X] 1997 2. [ ] 1998 3. [ ] 1999 4. [ ] 2000 5. [ ] ____
Prior year testing. The Actual Deferral Percentage ("ADP") for a Plan Year of the Participants who are Highly Compensated Employees for that Plan Year and the ADP for the prior Plan Year of the Participants who were not Highly Compensated Employees for the prior Plan Year must satisfy one of the following tests:
Prior year testing. The prior year ratio will be used for the Plan Year beginning in _____. (Note: If this election is made for the first year the Code Section 401(k) or 401(m) feature is added to this Plan (unless this Plan is a successor plan), the amount taken into account as the ADP and ACP of Non-Highly Compensated Employees for the preceding Plan Year will be 3%.) c. [ ] 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
Prior year testing. The Average Contribution Percentage ("ACP") for a Plan Year of the Participants who are Highly Compensated Employees for that Plan Year and the ACP for the prior Plan Year of the Participants who were not Highly Compensated Employees for the prior Plan Year must satisfy one of the following tests: