SoCalActuary Posted January 21, 2020 Share Posted January 21, 2020 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. Link to comment Share on other sites More sharing options...
david rigby Posted January 21, 2020 Share Posted January 21, 2020 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. Link to comment Share on other sites More sharing options...
Jakyasar Posted January 21, 2020 Share Posted January 21, 2020 And make sure to check old rate vs new rate for a period of one year for lump sum determination. Link to comment Share on other sites More sharing options...
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