Testing Year definition

Testing Year means the twelve (12) month period ending on the Specified Employee Identification Date, as determined from time to time.

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Testing Year means the Plan Year for which the limitations on "deferral percentages" and "contribution percentages" of Highly Compensated Employees are being determined.

Testing Year means for purposes of the ADP test described in Section 14.08 and the ACP test described in Section 14.09, the Plan Year for which the ADP or ACP test is being performed.

Examples of Testing Year in a sentence

If the Employer is correcting an operational Plan failure under EPCRS, the Employer may make an annual testing election for any Testing Year at the time the Employer makes the correction.
If the Plan Administrator determines the Plan fails to satisfy the ACP test for a Plan Year, the Trustee, as directed by the Plan Administrator, by the end of the Plan Year which follows the Testing Year (or any later date determined under Code §7508A), must distribute the Vested Excess Aggregate Contributions, as adjusted for Allocable Income under Section 4.11(C)(2).
Current Year Testing means for purposes of the ADP test described in Section 4.10(B) and the ACP test described in Section 4.10(C), the use of data from the Testing Year in determining the ADP or ACP for the NHCE Group.
HCE Group means the group of ADP Participants or ACP Participants (as the context requires) who are HCEs for the Testing Year.
If the Plan Administrator determines the Plan fails to satisfy the ADP test for a Plan Year, the Trustee, as directed by the Plan Administrator, by the end of the Plan Year which follows the Testing Year (or any later date determined under Code §7508A), must distribute the Excess Contributions, as adjusted for Allocable Income under Section 4.11(C)(2).

More Definitions of Testing Year

Testing Year means: (1) if the Employer has elected the current year testing method in Subsection 1.06(a)(1) of the Adoption Agreement, the Plan Year being tested. (2) if the Employer has elected the prior year testing method in Subsection 1.06(a)(2) of the Adoption Agreement, the Plan Year immediately preceding the Plan Year being tested.

Testing Year means the twelve (12) month period ending on the Specified Employee Identification Date.

Testing Year means for purposes of the ADP test described in Section 19(h) and the ACP test described in Section 19(i), the Plan Year for which the ADP or ACP test is being performed.

Testing Year means the calendar year.

Testing Year means the 12 months period before the regulatory period which is used as a basis to define the required incomes for the base year.

Testing Year means a Plan Year which begins prior to the end of the last Plan Year for which the Plan was a Top Heavy Plan, but excluding Plan Years beginning before 1984.

Testing Year means the Plan Year for which the testing required under Section 4.3 is being conducted.

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