BFree

The lump needed to be calculated to see if I was over or under the $5,000 cash-out limit. Since I was over, I couldn't receive a lump-sum. Whether or not it was their duty to tell me the exact amount of the accrued benefit, they did. I am interested in current lump-sum values in the event that the plan is amended to allow immediate payouts. While I may not be able to calculate my present value, I can track year-to-year changes in value. Thanks for the other info.

Is there anything comparable to an annual statement that I may request from my prior employer's DB plan? I'm looking for something to confirm that they know that I have benefit under the plan. Some years back, I requested (and received) the calculation of my lump sum and age-65 payouts. Thank you.

Is there something comparable to an annual statement that I may request for a DB plan?

That was my initial thought (hope). Is "Taxable Year" the plan year or the individual's taxable year? I tried to read and understand the proprosed regs, can someone point out where the specific situation I mentioned is addressed, or where it is clear that Taxable Year refers to Plan Year beginning 1/1/02. Thanks.

I've read that catch-up contributions are available in the first plan year beginning after 12/31/01. Is this correct, and is it correct that a 1/31/02 plan year end ADP test cannot use the catch-up rules? Given the recent instructions regarding the reporting of catch-up contributions on W-2s, do catch-up contribution amounts need to be determined before W-2s are issued? (Whereas currently, ADP test results have no impact on what is reported on a W-2). Thanks.