What does ACP stand for?

Actual Contribution Percentage

This definition appears very rarely and is found in the following Acronym Finder categories:

Business, finance, etc.

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Samples in periodicals archive:

For example, a 401(k) plan demonstrates its compliance by having its salary reduction contributions satisfy the actual deferral percentage (ADP) test and its matching contributions satisfy the actual contribution percentage (ACP) test.

Small retirement plans: face funding dilemma: explore strategic ...

Plans with these qualified automatic contribution arrangements (QACAs) will be treated as satisfying the ADP and actual contribution percentage (ACP) nondiscrimination tests.

Current developments in employee benefits and pensions

Deemed to satisfy the actual deferral percentage and actual contribution percentage tests.

New law, new opportunities: the Pension Protection Act changes the ...

Second, if an EACA plan fails the actual deferral percentage (ADP) test or the actual contribution percentage (ACP) test under Sections 401(k) and 401(m) of the tax code, an EACA plan can make corrective distributions up to six months after the end of the plan year, rather than the customary two and a half months after the end of the plan year, without incurring the 10 percent employer excise tax.

IRS Issues Final Regulations On Automatic Contribution Arrangements

These tests are referred to as the actual deferral percentage (ADP) test and the actual contribution percentage (ACP) test (as described in Sec.

Automatic enrollment in Secs. 401(k) and 403(b) plans

Compliance tests such as the actual deferral percentage test (ADP test--IRC section 401(k)(3)) and the actual contribution percentage test (ACP tests--IRC section 401(m)(2)) prevent employers from designing 401(k) plans that benefit only highly paid personnel.

IRAs and 401(k)s: how to pick the best plan; help your firm - or your ...

Matching contributions and employee after-tax contributions are subject to the same actual contribution percentage (ACP) test under Code Section 401(m) as are applicable to 401(k) plans with such contributions.

First Comprehensive Rules For 403(b) Plans Issued In 43 Years

The proposal noted that year-to-year changes in actual deferral percentage/ actual contribution percentage (ADP/ ACP) testing methods may arouse IRS suspicion.

Current developments