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Common use of ADP Test Clause in Contracts

ADP Test. For each Plan Year, Elective Deferrals satisfy the ADP test if they satisfy either of the following tests:

Appears in 4 contracts

Sources: Defined Contribution Pre Approved Plan (J&j Snack Foods Corp), Defined Contribution Prototype Plan and Trust Agreement (Bob Evans Farms Inc), 401(k) Plan Adoption Agreement (Knowles Corp)

Related Clauses

  • Elective Deferrals
  • Follow-up Testing
  • Highly Compensated Employee
  • Safe Harbor
  • Limitation Year

Parent Clauses

  • Reliance
  • Actual Deferral Percentage (ADP) Test
  • CONTRIBUTIONS AND ACCOUNT ALLOCATIONS
  • Miscellaneous
  • LIMITATION ON ELECTIVE DEFERRALS

Sub-Clauses

  • Prior Year Testing Method
  • Current Year Testing Method
  • Prior Year Testing
  • Actual Deferral Percentage
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