Common use of Testing Methods Clause in Contracts

Testing Methods. This Plan shall use the prior year testing method for purposes of the ADP and ACP Tests, unless otherwise specified in (a) below. a) |X|(Must be selected if 401 (k) Safe Harbor Plan.) This Plan shall use the current year testing method for purposes of the ADP and ACP Tests.

Appears in 1 contract

Sources: 401(k) Profit Sharing Plan (Temecula Valley Bancorp Inc)

Testing Methods. This Plan shall use the prior year testing method for purposes of the ADP and ACP Tests, unless otherwise specified in (a) below. a) |X|(Must [X] (Must be selected if 401 (k40 1(k) Safe Harbor Plan.) This Plan shall use the current year testing method for purposes of the ADP and ACP Tests.

Appears in 1 contract

Sources: 401(k) Profit Sharing Plan Adoption Agreement (Great Lakes Bancorp Inc)