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One month lookback rates 417


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Plan document says one month lookback to determine 417e rates.  It is early in January and the December rates are not yet entered.  Any good guess on the rates?  It looks like they will be a small amount higher than November rates.

A participant wants their lump sum right away (probably to use their LS for immediate bills).  25 year olds have no understanding nor patience.

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Notice 2020-07 was issued today.

PS.  Amend the plan to use October or November rates!

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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