Penman2006

I am guessing that TPF&C stands for Towers, Perrin, Forster(?Foster) & Crosby.

Kirk, That is an acceptable method. Look at Q&A M-12 of the 416 regs. Basically you convert the DC contribution to an equivalent benefit and use that to offset the 2% DB requirement.

Andy, If the document provisions for benefit accruals or contributions were not followed, any way that you fix that problem other than with IRS blessing means you are winging it just like the actuary that you say has no credibility. Maybe one of your proposed methods of correction will satisfy the IRS and no additional accruals or contributions would be required or maybe they would say "follow the doc, put in 5%/yr. plus interest".

Can the user fee for a funding waiver application be paid from the pension trust?

I kind of thought I messed up including it on the Sch I as a receivable. I will amend that and that basically answers my other questions. Thanks for the helpful responses.

I have to do the 2005 valuation for a plan that did not make it's 2004 minimum required contribution. The 2004 5500 shows the missed payment as a contribution receivable. As yet the contribution has not been made and I doubt that it will be made anytime soon. How is the missed contribution handled for the 2005 valuation assets? If it is omitted it would be like taking a double hit since there is already a funding deficiency attributable to the missed contribution, so carry it as a receivable?