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Common use of ACP Test Clause in Contracts

ACP Test. The determination of whether the ACP is in compliance with the Basic or Alternative Limitation for a Plan Year (as defined in Section 12.2).

Appears in 2 contracts

Sources: 401(k) Plan and Trust Agreement (Leggett & Platt Inc), 401(k) Plan and Trust Agreement (Leggett & Platt Inc)

Related Clauses

  • Elective Deferrals
  • Safe Harbor
  • Excess Contributions
  • Matching Contributions
  • Highly Compensated Employee

Parent Clauses

  • Limitation on Contribution Percentage
  • RELIANCE
  • Actual Contribution Percentage (ACP) Test
  • CONTRIBUTIONS AND ACCOUNT ALLOCATIONS
  • CATCH-UP DEFERRALS

Sub-Clauses

  • Prior Year Testing Method
  • Current Year Testing Method
  • Contributions
  • Supplemental Notice
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