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Can a non-electing church DB plan eliminate lump sum as an optional form of payment without causing a 411(d)(6) violation?


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Maybe. A non-electing church plan [iRC 414(e)], is exempt from IRC 411. However, the plan itself may have provisions that do not permit the proposed change.

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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