Examples of Testing Year in a sentence
For purposes of this definition, a Service Provider is a “Key Employee” if the Service Provider meets the requirements of Section 416(i)(1)(A)(i), (ii) or (iii) of the Code (applied in accordance with the Treasury Regulations thereunder and disregarding Section 416(i)(5) of the Code) at any time during the Testing Year.
Testing Year means the Plan Year for which the Plan Administrator is performing coverage or nondiscrimination testing including the ADP test or the ACP test.
HCE Group means the group of ADP Participants or ACP Participants (as the context requires) who are HCEs for the Testing Year.
In applying any testing election, the Plan Administrator may elect to apply or not to apply such election in any Testing Year, consistent with this Section 4.06.
However, the Plan Administrator will apply the testing elections in effect within a Testing Year uniformly to all similarly situated Participants.