5 pages. Excerpt: Employer contributions for a plan year will be allocated to each employee of the employer who is employed as of the last day of the plan year. The general nondiscrimination test under section 1.401(a)(4)-2(c)(1) must be satisfied using equivalent accrual rates (within the meaning of 1.401(a)(4)-8(b)(2) that are substituted for each employee's allocation rate in the determination of rate groups. The allocation rate for any employee is equal to the sum of employer[.]