Common use of ACP Test Clause in Contracts

ACP Test. The Average Contribution Percentage for Eligible Participants who are Highly Compensated Employees for the Plan Year and the Average Contributions Percentage for Eligible Participants who are Nonhighly Compensated Employees for the same Plan Year must satisfy one of the following tests:

Appears in 2 contracts

Sources: Defined Contribution Plan (Innerdyne Inc), Prototype Defined Contribution Plan Adoption Agreement (Labor Ready Inc)