Thanks Andy. I assumed estimation techniques would be ok and, in this particular situation, the impact on the AFTAP is not material (AFTAP is just over 100%, so doing the adjustment merely brings the AFTAP down slightly). However, had our AFTAP been under 80% and the adjustment gets the plan over 80%, I'd want to be more precise.
For HCE/NHCE determination, would that be based on when they terminated employment? Or is the HCE/NHCE determination based on the year of the purchase. i.e., if a retiree terminated years ago, regardless of his compensation at termination, he would not be an HCE in the year of the annuity purchase.
I got to think that there have been a number of retiree buyouts over the past couple years. Wonder how people are handling this.
Thanks again!