 Money Purchase Funding Waiver, Money Purchase Funding Waiver |
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 Jan 30 2008, 06:35 PM
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#1
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Registered User Group: Registered Posts: 6 Joined: 14-August 07 Member No.: 21,420  |
If a money purchase plan applies for a funding waiver, does anyone know over what time period the funding waiver is to be amortized? I can't tell if it's 5 years (as it appears in the Code, but this may only apply to defined benefit plans) or 15 years as stated in Rev. Rul. 78-223. Can anyone help?
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Jan 31 2008, 11:34 AM
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#2
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Registered User Group: Sitewide Moderator Posts: 2,055 Joined: 13-May 03 Member No.: 11,673 |
I believe that the amortization period is 5 years. The 15 year amortizaion is for multiemployer plans.
-------------------- ...but then again, What Do I Know?
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