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"Snapshot" Testing and Coverage


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We're doing an estimated Average Benefit Test for 2004 and will use a "snapshot" date of 12/31/2004. There is 1 DB and 2 DCs in the testing group.

In Section 3.04 of Rev. Proc. 93-42 there is mention of a needed adjustment to the ratio percentage and nondiscriminatory classification percentage to compensate for relative differences in the turnover rates among eligible HCEs and NHCEs.

The Rev. Proc. doesn't seem to mention a similar adjustment to the Average Benefit Percentage ?

Could this be correct ??

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Candidate for suggestion for 2005 Gray Book?

http://benefitslink.com/boards/index.php?showtopic=26262

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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