Common use of ACP Test Clause in Contracts

ACP Test. The ACP ratio for Nonhighly Compensated Employees will be based on the following: d. [ ] N/A. This Plan satisfies the ACP test safe harbor rules for all Participants for all Plan Years to which this Plan applies. e. [ ] Prior Year Testing Method. The prior year ratio will be used for Plan Years beginning on or after 1. [ ] N/A (Effective date of prior year testing is after effective date of Code Section 401(m) feature.) 2. [ ] 3% 3. [ ] the actual percentage for the initial Plan Year. f. [ ] Current Year Testing Method. The current year ratio will be used for Plan Years beginning on or after

ACP Test. The ACP ratio for Nonhighly Compensated Employees will be based on the following: d. [ ] N/A. This Plan satisfies the ACP test safe harbor rules for all Participants for all Plan Years to which this Plan applies. e. [ ] Prior Year Testing Method. The prior year ratio will be used for Plan Years beginning on or after 1. [ ] N/A A. (Effective date of prior year testing is after effective date of Code Section 401(m) feature.) 2. [ ] 3% 3. [ ] the actual percentage for the initial Plan Year. f. [ ] Current Year Testing Method. The current year ratio will be used for Plan Years beginning on or after