david rigby

The 50K goes into the assets, no matter what you do with the COB and/or PB. The "angles" are numerous. Many actuaries (me among them) will say, "Keep your balance(s) as long as you can, until you are better off to use and/or waive", but that is not a unanimous opinion. In this case, the big picture is that the plan is underfunded. Therefore, the plan needs cash from some source. BTW, an AFTAP of 85% is overstated if you are talking about plan termination liability.

Does this help? http://benefitslink.com/boards/index.php?showtopic=34940

If there is pattern of rehire, ASAAF may not be advisable.

I vote a. It's clearer.

... and then X (in the forfeiture account) is allocated to plan participants per plan provisions.

This is why you have a service agreement. Specify.

Normally, the pay shows up in W-2 based on the date of the paycheck, but check to see if there are variations in employer payroll practices.

Might the PS document already address this issue?

Data as of 31-AUG-09 Moody's Daily Long-term Corporate Bond Yield Averages Utilities Industrial Corporate Aaa NA 5.12 5.12 Aa 5.16 5.37 5.27 A 5.54 5.61 5.58 Baa 6.17 6.59 6.38 Avg 5.62 5.67 5.65 Moody's Daily Treasury Yield Averages Short-Term (3-5 yrs) 1.02 Medium-Term (5-10 yrs) 2.56 Long-Term (10+ yrs) 3.94

Or benefits counsel, at your discretion.

Most plans with EE contributions will have language that answers this question. If your plan does not, check prior versions of the document (just in case it was omitted during a restatement). I'm not sure, but the plan may state that the minimum total payments s/b $60K. Although not directly to your questions, re-read IRC 72 (and regulations) to see if anything is relevant (likely).

It appears so. http://www.dol.gov/ebsa/regs/fedreg/final/20071116.pdf

I agree, but I'm not placing any bets on how the IRS will view this. Good question for the Gray Book?

Any and all expenses that you expect to be paid by the plan.IMHO, rounding is acceptable.

Only if you EXPECT the plan to pay them.

As best I recall, the SS cola is not permitted to be negative.

jmrodrig, - Emphasis on Andy's "... may elect ..." - Theoretically, the ER can elect to add a portion, not necessarily all, of the excess to the PFB.

Does the DOL have any jurisdiction over TPA providers? More likely, the DOL has noticed a "pattern" that coincides with a particular TPA, and is auditing selected plans that are serviced by that TPA. Which is it?

1. I've seen nothing that would exempt a 1-person plan. 2. Doesn't the AFN apply only to PBGC-covered plans?

Should we assume that is the reason it's your "old" job?

Can't argue with that!How about 1?

Your attorney will have to advise you if this is a violation of prior divorce order, etc.

Minor expansion on the second paragraph of Mike's comments: while using the life expectancy is not an exact PV calculation, it can provide a "quick and dirty" amount, useful for approximations or comparisons.

The latter, assuming the discussion is not focused on changing the lookback month for a LS present value. I think the response from carrots is correct, except that each optional form stands on its own for this comparison.

Effen is being cautious. No disrespect, but I suggest common sense. You should not have to spend $ on legal advice to figure out a simple solution. This is a simple "oops", and a simple solution is appropriate. A reimbursement check sounds simple, and advisable.